Hi All,

We have current dataset that includes GL, IC, OE, AR, AP. All multicurrency. We are expending one division of our business to provide service that require billing based on time spent.
For example:
we sell IT equipment, design and create website and provide monitoring and consulting services (billing based on time spent).
Is the Time and Billing module for us? Can it be integrated with the current Adagio modules?

Regards
Victor

Hi Victor

I am an Adagio consultant and I used to use Time and Billing to track my time but I switched to tracking my time using Adagio Invoices. It depends on what you want.

I switched because I wanted to send out invoices to customers and still be able to modify them (until at some point I posted them). Also, I didn't need to do the analysis that TB offers, such as percentage billable/non-billable, I don't have a complicated hourly rate structure, and I don't need to re-bill automatically for expenses incurred.

Both TB and Invoices integrate with current Adagio modules. If it were me, I would try out Invoices first, because if it works for you it's much easier to use. If it is too basic, then try TB.

Steve

Time & Billing does not currently support multi currency.

Thank you Steve,
Thank you Andrew,

Too bad it does not support not multi currency. We need all functionalities that includes in TB: multiple employees with different hourly rates, client files, WIP tracking, time keeper, etc.
We are using 3 currencies to bill our customers.
Do you have any recommendation which module(s) could we use?
Any workaround? Any ideas?

Regards
Victor

Hi Steve,

Is the "Invoices"supports multi currency. Can our model (I described in previous reply) be somehow replicated using "Invoices"?

Regards
Victor

If you bill in USD, and your client pays in USD and you deposit their payment into your USD bank account, then no MultiCurrency gain/loss occurs until you trnasfer funds from your USD to your CAD bank account.

Since there is likely only one or two revenue accounts (service revenue), you may be able to set this up fairly easily with just a separate control account for T&B customers.

Your Adagio Consultant should be able to assist.

My invoices to a customer in $USD (revenue), my invoices from a supplier in $USD (expense). According to ASPE all transactions should be reported in $CAD. How to achieve this?

Sorry, I'm not going to be able to assist you in this. There are Adagio Consultants familiar with Time&Billing, Invoices and MultiCurrency who might be willing to help you determine how best to accomplish your goal.