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| Editor's Note |
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  Ask any public accountant about time and billing and you'll probably hear a story about how accountants keep track of the time they spend on projects and then bill their clients for that time based on an hourly rate. Of course there are variations on that theme. Bills can be negotiated, rates can change, time can be written off or not charged, but as a starting point, most accountants begin their billing process with some basis in how much time was devoted to the project.
In the past, companies used administrative personnel and a multi-step manual process to track time, process payroll, assign the time to projects, and bill customers. Today, many companies have turned to a software alternative to track their time, process payroll, and turn that time into customer bills. With a dedicated software program for time and billing, employees enter time once, managers approve it once, and the same information is used for payroll, project management, billing, and reporting purposes.
The articles we’ve assembled today address various aspects of time and billing software and related issues. As always, we welcome your comments and suggestions.
Best wishes,
Gail Perry, CPA
Editor-in-Chief
editor@accountingweb.com
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Optimizing today's time and billing
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Most partners would argue that, outside of the firm's tax and audit production applications, time and billing is the most mission critical program within today's tax and accounting firm.
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It's about time: Five ways to increase billable time
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How many hours do you bill in a typical year? Better yet, how many hours would you like to bill in that same year? For various reasons, there is often a discrepancy between the desired number of hours an accountant wants to bill versus the actual hours billed.
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Blog: Becoming more profitable in your engagements
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Are you starting to get concerned that your services are being perceived as too costly for current clients or prospective clients? Besides marketing and prospecting for new clients, how else can you increase profitability and reduce the fees charged to your clients to retain them, but also grow your practice at the same time?
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| IT employment posts strong gains in October |
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| October saw continued growth as IT employment added more than 10,000 jobs. Additionally, the U.S. Bureau of Labor Statistics' upward revision to September's employment data now reflects growth of 3,600 IT jobs. |
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| Kaplan Weekly Quiz |
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 Are you prepared for the CPA exam? Test your knowledge and keep your skills sharp by taking the weekly CPA Exam Quiz, brought to you by Kaplan Schweser CPA Review and AccountingWEB Education & Careers Zone. New questions will be posted for each section weekly. Take this week's quiz. |
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