How CCH iFirm Timesheets for Chartered Accountants Help in Resourceful Results?
Thursday, August 17th, 2017
As we all know, a business works best if the efficient utilization of time is kept to maximum. CCH iFirm is an excellently programmed practice management software for accountants, that saves you and your business’ valuable time, by taking care of things that matter most. The software helps you to focus on your clients and develop your business.
The purpose of CCH iFirm is to stop you from spending time on unnecessary tasks or routine items such as manual timesheets, invoices or reports, which can be performed easily with this software.
How Timesheets for chartered accountants function?
Manually trying to achieve an error free timesheet is quite time consuming and trickybut, with the help of CCH iFirm Practice Manager, the job of creating timesheets is made simple, quick and efficient for both the employer and the employee. This includes annual accounts, GST, general, monthly, and other jobs. Timesheets for chartered accountants are online worksheets where activity codes represent the specific work components that make up a timesheet entry.The activity codes are classified as:
- Billable - Time spent on work that should be charged to the client.
- Non-Billable–The activities you cannot bill the clients for (e.g. staff meetings, training, tea breaks)
- Paid Non-Billable–The time spent away from work (e.g. annual leave, sick leave). These codes enable you to specify the non-chargeable time that should be excluded from non billable hours when calculating employee efficiency.Paid Non Billable time is used in the employee efficiency reports to calculate the efficiency rating correctly.
This feature helps by managing the hours of work which can be collated with the specific job the employee is carrying out, enabling you to be able to see the amount of time each job takes. The practice management software makes work for Chartered Accountants well organized and resourceful.
CCH iFirm Practice Management Software makes work easy and customizable as per the firms’ requirement by recording activity codes to specify how much time you have spent on a job and what work you did for it. These timesheets are simple and user-friendly with an easy setup enabling you to customize features as per the firms’ requirement. The timesheet lets you filter your search as “Daily, Weekly and Monthly Views” and “Totals” as per your preference. Just by clicking on “My Timesheets” you can at a glance figure out whether your team is on schedule or not.