You get the Best Results by daily logging of time and money transactions. This requires just 5-15 min/day.
There are two reasons that you get the Best Results this way.
1) GIGO - Garbage In, Garbage Out. Old time entries do not reflect reality.
2) More importantly, you can have GREAT info at your fingertips all the time.
It is priceless to know you are going over budget or drifting off target as early as possible so you can correct the problem.
TIME - take a few minutes to set up your personal timesheet to make daily time entries a breeze. Then twice a day, before lunch and before ending work, make your time entries.
MONEY - as you receive payments or bills, enter them while you make time entries once a day (if any). Include a PDF or picture of the bill if you want to have it handy when you pay bills later. Leaving expenses marked ‘No’ for ‘Paid?’ puts them in the Payables table for easy access.
HELP with Reimb. Exp.
The Reimbursable Expenses HELP article stresses the need to SETUP Reimb Exp properly, and introduces two new tables to assist with Reimbursable Expense tasks. Managing reimbursement of staff and managing invoicing for Reimb Exp are each aided by their own table to simplify the task.
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