xTuple for Service Businesses Demo Guide

One other step involved with processing time & expense sheets for employees is to post the labor and overhead costs associated with their time to the general ledger (G/L). This step applies only to non-contractor employees.

As we saw in the System Administration chapter, the G/L account used to account for employee labor and overhead is defined on the CRM Configuration screen. This account must be defined in order to successfully post employee time to the G/L. We have also discussed previously how the cost of an employee's time is determined based on the compensation rate defined on their employee record. The compensation rate equates to the rate the employee is paid and should not be confused with the billing rate—which is the rate you bill customers for the employee's time.

There are two ways to post employee time to the G/L:

You can check the G/L to verify employee time has been posted successfully. Once employee time has been posted and any outstanding invoicing and vouchering has been performed, you are done processing time & expense sheets.