computer program that tracks hours spent by function and chargeable expenses of staff accountants for a given client. Sources are hourly rates, time sheets, practice and time management reports, and accounting reports. At the end of a period, a bill based on expenses, time spent, and hourly rates is sent. When billing on a flat-fee basis, hourly information is useful to the practitioner in evaluating staff accountants' proficiency. Hourly rates of staff accountants can be varied, depending on the client serviced. Time and billing programs also furnish projected fees to present and prospective clients. Client payment history-when payments were made, last time fees were increased-can be part of the report.
computer program that tracks hours spent by function and chargeable expenses of staff accountants for a given client. Sources are hourly rates, time sheets, practice and time management reports, and accounting reports. At the end of a period, a bill based on expenses, time spent, and hourly rates is sent. When billing on a flat-fee basis, hourly information is useful to the practitioner in evaluating staff accountants' proficiency.
