Accounting for every penny – because time is money
Open Options Time Accounting has been designed to allow organisations to account for labour time and also invoice or cross charge the costs. It is therefore ideal for organisations that need to charge for time worked by people on specific projects, jobs or contracts. With Time Accounting revenue leakage can be eliminated.
Time can be recorded minute by minute and as it links to Open Options Time and Attendance, it automatically reconciles against attended time.
The system is fully flexible to allow you to store a variety of charging structures such as time and material or fixed price contracts to reflect your needs and those of your customers. This flexibility extends to allow you a high level of configuration to simplify the management and analysis of multi-tiered projects.
The system automatically populates an electronic timesheet with absence and attendance details for each individual ready for them to complete their activities. Completed timesheets are then reviewed and approved by a supervisor prior to the billing stage. Invoices can then be produced from the system or data transferred to your existing financial accounting system.
- Eliminates revenue leakage
- Supports a wide range of charging structures
- Simplifies the time booking process
- Interfaces with existing financial accounting systems
- Web-Based Solution
- Access Wherever Required
- More Control
- Less Administration
- Quick and Easy
- Manage Information On-line
- Greater Accessibility
- Fully Configurable