Time Tickets and Expense Tickets Memo

To: XXXXXXXXXX
From: XXXXXXXXXXXX
Date: XXXXXXXXXXXX

We just purchased new accounting software for the company. Now we need to review the time and expense tickets. We will cover the information that is contained in each, how the information is utilized by the company and what are the differences and similarities between the two ticket types.
Time tickets record employee and other vendor activities. These activities can be employee consultation with the vendor or they can be employee research activities. The activities can be logged at any time. The billing rate that is entered depends on the employee and type of account.
Expense tickets record money spent by the company in support of customer requests. The expenses depend on the specific service done on behalf of the customer. They can include things like court fees, copying and faxes.
Sales and invoicing applications depend on the information logged in the time and expense tickets. When in either the sales or the invoicing applications one can hit the “apply tickets and reimbursable expense”. This will take you to the timing and expense tickets applications where information that is already logged can be used to complete sales or invoices. In this part we need to note that the total expense is the price or service multiplied by the number of times the service was done.
If there are any problems with this feel free to contact me at this number 555-555-5555 or my email address at