Subcontractor Time and Material Entry

You can use Subcontractor Time and Material Entry to track time for individuals that work for companies you have contracted with for services. You can specify the vendor (company), and invoice information, then specify the units (hours) by activity and by individual (AC resource). The application automatically calculates the cost and billing amounts for each line by multiplying the units by the rates associated with the resource. When the time and material entry is released, an invoice is created automatically in Accounts Payable for payment.

Note: To use Subcontractor Time and Material Entry, you must define AC resources and rates and assign them to activities.

See Defining resources.

Example

SBC Corporation has several individuals from a professional services staffing agency working on their projects. Subcontractor Time and Material Entry lets them specify time by person and activity. When they release the entry, an invoice for the vendor (staffing agency) is created automatically in Accounts Payable.