Streamlined time tracking and billing results in improved cash management and a better bottom line. With NetSuite, organizations can now track and process job and customer-related expenses with just one click. Remote employees can also process billable items for quicker cash collection—anytime and anywhere.
Time Tracking: Using NetSuite, you can track time and enter reports by class, including billing rate and specific job. You can also track reimbursable and non-reimbursable time. Plus, your employees can track and bill jobs anywhere and anytime. Direct integration with the NetSuite payroll module also means that your employees can enter their vacation, sick and other leave time for seamless tracking and updating of their employment histories.
Customer Billing: Your employees can submit all expenses and billable hours directly to your customers. Expense reports appear on supervisors' Dashboards for one-click approval. And once approved, reports appear as bills to be approved by accounting.
Advanced Billing: NetSuite allows you to keep track of invoicing and billing schedules and handle incentive compensation on these billings. In addition, revenue forecasting of these scheduled payments is projected accurately rather than in one sum at the time of order placement. Automate billing schedules and commission payments so they are processed faster, more conveniently, and at a lower cost to the business.
Job Tracking: NetSuite lets you create jobs and link them to specific customers. You can even create sub-jobs. All job records include start dates, estimated end dates, percentage of job completed, actual end dates, as well as all income and expenses associated with each job.
