How to Use Sage Timeslips Budgets

You can use the Sage Timeslips Budgets feature to compare estimates you provide for hours, fees, and costs to their actual values. The Budgets feature can help you learn to accurately estimate the amount of time you’ll spend on a particular project; with that information, you can improve your bids for similar future projects.

You can set up a budget for your firm, a client, a timekeeper, a task, or an expense. For this example, let’s set up a client budget.

To set up a budget, choose Names→Budgets. In the Budget Setup window that appears, select the client for whom you want to set up a budget. And, if you use the References feature and want to set up the budget for a particular reference, select that reference.

Then click the New (plus sign) button on the vertical toolbar display the Budget Entry window.

image0.jpg

Optionally, provide a date range for the budget. In the budget values section, provide estimates for total, billable, and unbillable hours, fees, and costs. You don’t need to provide estimates for all these fields; you can estimate as few or as many as you’d like. In the example only hours are estimated.

Click OK, and Timeslips redisplays the Budget Setup window and saves the budget.

image1.jpg

After you’ve entered some time for the client, redisplay the Budget Setup window and click the Calculate button in the lower-right corner. Timeslips displays the Budget Calculation window, which enables you to compare budgeted amounts to actual amounts.

image2.jpg

You also can print budget reports by choosing Reports and then clicking the Client, Timekeeper, Task, or Activity tab and selecting a budget report. To print a budget report for a firm budget, use the Other tab in the Report List window.

blog comments powered by Disqus
Advertisement

Inside Dummies.com