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Type your answer here... A time ticket shows the amount of labor or work doe for a project. An expense ticket shows what was used in the project and what it cost.

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What are time tickets and expense tickets used for?

Time Tickets and Expense Tickets Time tickets and Expense tickets are used to track expenses and time when working with the customers. Let's take a closer look at what Time tickets and Expense Tickets are. Time tickets are used to record time-based activities like research or consultations. Time tickets record the activities record the activities of either an employee or a vendor. They are two methods that are used to record time, they are daily and weekly. The billing rate that is used for recording activities can be based on the different changes the employee who records it or one of the five billing rates assigned to the activity item. The time ticket can be recorded at the same time of the billing. Expense tickets are used to track and help in the recovery of customer related expenses. The expenses are not based on time. Expenses can be based on the many changes that are related to the service that is being offered. Both time tickets and Expense tickets are used to keep track of services so that a company can bill the customer. The time tickets are use to track the time that is used to help the customer. For example, a piano teacher will charge a student by the hour. The piano teacher would use a time ticket to keep track of the time that they sent with the teacher. The Expense tickets are not based on the amount of time that the company will spend on the services; it is determined by the unit price of the charge item multiplied by the quantity. For example, the piano teacher would use the Expense ticket to record the price of the piano books that the student needed.


Different names for bad debt expense?

Uncollectible Accounts Expense.


Is asset and expense similar?

No, they're very different


What is fixed expenses?

A fixed expense is an expense that a business or individual is obligated to pay, such as rent or mortgage, utilities, salaries, loans, etc. that cannot decrease over the short term without major changes in resources or facilities


What type of an account is a purchase?

contra-expense It's an expense, not a contra expense. If you don't pay the bill within the discount period, and you had recorded the original purchase at net (Purchase price less the early pay discount) then you have more expense, not less, when you don't pay on time.

Related Questions

What are time tickets and expense tickets used for?

Time Tickets and Expense Tickets Time tickets and Expense tickets are used to track expenses and time when working with the customers. Let's take a closer look at what Time tickets and Expense Tickets are. Time tickets are used to record time-based activities like research or consultations. Time tickets record the activities record the activities of either an employee or a vendor. They are two methods that are used to record time, they are daily and weekly. The billing rate that is used for recording activities can be based on the different changes the employee who records it or one of the five billing rates assigned to the activity item. The time ticket can be recorded at the same time of the billing. Expense tickets are used to track and help in the recovery of customer related expenses. The expenses are not based on time. Expenses can be based on the many changes that are related to the service that is being offered. Both time tickets and Expense tickets are used to keep track of services so that a company can bill the customer. The time tickets are use to track the time that is used to help the customer. For example, a piano teacher will charge a student by the hour. The piano teacher would use a time ticket to keep track of the time that they sent with the teacher. The Expense tickets are not based on the amount of time that the company will spend on the services; it is determined by the unit price of the charge item multiplied by the quantity. For example, the piano teacher would use the Expense ticket to record the price of the piano books that the student needed.


Why would traffic ticket numbers not be in numerical order?

If the tickets were issued around the same time, it could be that the tickets are generated in batches. Different officers or meter maids might be carrying (or have authority for) different groups of numbered tickets. When I write tickets and they are not in numerical order it is because: 1) I ran out of tickets and had to write from two different books or 2) I made a mistake and destroyed a ticket.


Are Greyhound bus tickets refundable?

Yes, Greyhound bus tickets are generally non-refundable, but they may be exchanged for a different date or time for a fee.


What is expense budget?

a plan for saving and spending different amounts of money during a given time period


Different names for bad debt expense?

Uncollectible Accounts Expense.


I called the theater about tickets but they didn't answer?

The best thing to do would be to try again at a different time.


What are two negative impacts to the Software Development Cycle when poor requirements are used?

The system could have lots of errors adding time and expense to the process.The system could have lots of errors adding time and expense to the process.The system could have lots of errors adding time and expense to the process.The system could have lots of errors adding time and expense to the process.The system could have lots of errors adding time and expense to the process.The system could have lots of errors adding time and expense to the process.The system could have lots of errors adding time and expense to the process.The system could have lots of errors adding time and expense to the process.The system could have lots of errors adding time and expense to the process.The system could have lots of errors adding time and expense to the process.The system could have lots of errors adding time and expense to the process.


Is there difference between expense and expenditure?

They can be used the same in most cases, though they do have slightly different shades of meaning. Expense can be used to discuss price of a single object, whereas expenditure is generally used more for the expense over a period of time. Their definitions are very similar however


Is the purchase of a building recorded as an expense?

No, the purchase of a building is an expenditure (different from an expense) and therefore must be capitalized.


What is the definition of a regular expense?

Something that you pay for all the time. -Gasoline is a regular expense for me.


Stellar Tickets is a good site to buy tickets from?

Stellar Tickets is great. I have used them 2 times now, and each time I got great tickets and on time. They usually have a huge selection of tickets and they do not charge a service fee.


How many different ways can 4 tickets be selected from 50 tickets if each ticket wins a different prize?

There are many different selections that could be made. You can figure it out by starting with 50 and then multiplying by each number lower to get all of the possibilities.