If you want to use Timeslips Accounting Link (TAL) with your accounting software, select this option. TAL enables you to export your account list to Timeslips (a third-party time and expense tracking system) and to import general journal entries from it.
If you want to record sales, purchases and other transactions in foreign currencies, select this option. Note that once you begin recording transactions in other currencies,
you cannot deselect this option. You should leave this option deselected if you conduct all your business in Canadian dollars.
If you want to assign a category to each of your transactions, select this option. If you want to make entering a category mandatory for every transaction, select
Required. If you want to make entering a category optional, select
Not Required.
If you want to enter time billing units for hourly activities in units other than whole hours, select this option. For example, if your company bills for time in 12-minute units, select this option and then select 12 from the list. One time billing unit will now equal 12 minutes. Using 12-minute billing units, you would enter 1.5 units on an activity slip to record 18 minutes of time worked.
When you’re viewing records by hours/units in time billing windows throughout your accounting software, your entries will be displayed in the units you specify here. However, timesheets and time billing invoices will display your billable units as whole hours.
For example, assume you bill for time in 6-minute units, and you create an activity slip for 10 units. Then, you create an invoice in the Prepare Time Billing Invoice window to bill that activity slip in full, or to bill for 10 units. The invoice you create will display 1 in the Hrs/Units column of the line item for the activity. Your customer knows that you’re billing for an hour of your time, even though you think of it as 10 six-minute units.
If you want to round time that is clocked using the timer in the Enter Activity Slip window to a particular minute increment, select this option. Select to round Up To the Next, Down to the Previous or To the Nearest increment and enter the increment.
For example, if you want to round the actual time you clock with the timer up to the next minute, choose Up To the Next and enter 1 in the field. Now, if you clock 21 minutes and 32 seconds of an activity, 22 minutes will be entered automatically in the Actual Units field.
Timesheets are used to track employee hours for payroll and time billing purposes. If you want to use timesheets, note the following before you select this option:
