Learn About the Setup and Features of QuickBooks Time - Time Tracking with QuickBooks!
Call brief
Fourlane team members discussed the setup and features of QuickBooks Time, a time tracking software that integrates with QuickBooks. The presentation covered the necessary steps to sync the two products, how employees can enter their time, the reporting and approval process, and the sync feature that reflects timesheets in the QuickBooks file. The discussion also addressed the ability to get time information from QuickBooks Time into QuickBooks Desktop more frequently than per pay period to enable quicker client billing.
Key points
1. QuickBooks Time is a web-based time tracking software that helps businesses manage employees, payroll, and job costing.
2. To set up QuickBooks Time, key steps include enabling manual payroll, job costing, and time data usage in QuickBooks Desktop. Employee information and pay rates must also be set up.
3. The QuickBooks Desktop integration in QuickBooks Time allows syncing of employee, customer, and job data between the two systems. The web connector tool facilitates this integration.
4. QuickBooks Time allows employees to track time, view schedules, and submit timesheets through a mobile app or web portal. Managers can review and approve timesheets.
5. Approved timesheets from QuickBooks Time sync to QuickBooks Desktop, populating the Payroll and Jobs Time and Mileage reports. This enables job costing and payroll processing.
6. Timesheets can be synced from QuickBooks Time to QuickBooks Desktop more frequently than the payroll period, enabling quicker client billing. However, this may require unlocking locked pay periods.
7. The time data from QuickBooks Time can be automatically used to calculate employee paychecks in QuickBooks Desktop, streamlining the payroll process.
8. The integration between QuickBooks Time and QuickBooks Desktop provides visibility into job costs and labor hours, supporting better project management and profitability.
9. QuickBooks Time offers features like scheduling, geofencing, and facial recognition to enhance employee management and payroll accuracy.
10. Overall, the integration of QuickBooks Time and QuickBooks Desktop can help businesses improve job costing, payroll, and workforce management.
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