Timekeeper oasis

≡ RTG Timer Licenses This page is for ordering RTG Timer licenses.What To OrderWhat You GetEnter The KeyCredit Card Orders Do you know what you want? Click here. What To Order If you plan to use RTG Timer, how many timekeepers will have their time entered into RTG Timer? Subtract one from this number (because one RTG Timer license is included with RTG Bills) and that is the number of RTG Timer licenses to order.It doesn't matter whether an attorney uses the stopwatch in RTG Timer to time the work or a secretary enters the time for the attorney after the fact. If the time goes into RTG Timer, you need a license for that timekeeper. Timekeepers with no license simply don't appear in RTG Timer.However, if all the attorneys record their time on paper and one person enters all the fees and expenses into RTG Bills (not RTG Timer), then you don't need any RTG Timer licenses at all. (You received one anyway with RTG Bills, so you can try RTG Timer.) What You Get When you purchase an RTG Timer license, there is nothing to download. You already have the RTG Timer program, because the same installation file that installs RTG Bills can also install RTG Timer.What you do get is a Timekeeper Key. It will look similar to this:231-JHHB-794-930This one happens to be the free Timekeeper Key that you get with RTG Bills and RTG Timer.When we fill your order, you will get an email message that contains the Timekeeper Key.Each Timekeeper Key may be assigned to one timekeeper in RTG Bills. This doesn't affect RTG Bills at all, but it means that the timekeeper will appear in RTG Timer. Enter The Key After you receive a Timekeeper Key, you must enter it into RTG Bills.Start RTG Bills and choose Edit > Timekeepers.Double-click on a timekeeper to edit that timekeeper.In the box next to Timekeeper Key, enter the Timekeeper Key.Click Save. If the key is entered wrong, or if it is in use by another timekeeper, you will get an error message.Click Close. The Timekeeper List, a report in RTG Bills, shows all the timekeepers and any Timekeeper Keys that you have entered (in the Timer Key column). Credit Card Orders

Print - Close WindowOverviewA Time59 Timekeeper Code corresponds to a person in your firm who creates time records. A Timekeeper code can be assigned to any time record.Timekeepers With LEDES InvoicingIf you are using LEDES invoicing, the Timekeeper you specify for each time record will be included when creating a LEDES invoice.Timekeepers are mainly used for LEDES invoicing. In fact they are a required component of a LEDES invoice file. Every time record that will be part of a LEDES invoice needs to have a Timekeeper specified.Timekeepers Without LEDES InvoicingTimekeepers can also be used if you are not using LEDES invoicing. They allow you to associate a time record with a specific timekeeper in your firm.Keep in mind, however, that Timekeepers do not allow you to specify an hourly billing rate. Hourly rates are controlled by projects in Time59.In certain situations it can be useful to use a combination of Projects and Timekeepers to organize and bill time.Additional Information and HelpFor additional information read the following:About LEDES InvoicingYou may also contact us using the Feedback form or at [email protected].

Year after they are incurred. Therefore the client costs are not expensed, but rather recorded as a receivable. With this method, the unbilled client costs should be able to be reconciled against the detailed client/file records of unbilled costs. Very few accounting systems give you the functionality of recording costs to clients/customers, let alone allow you to determine how those costs are classified.Service industries are required under generally accepted accounting principles to report income at the time it is paid, not when it is billed. This method of accounting is called cash accounting. Most other businesses will recognize income once the client/customer is billed. This is considered the accrual method of accounting. Cash basis accounting is based on the movement of money. Income is recognized when received and expenses are recognized when paid. Most generalized accounting systems will report based on the accrual method of accounting, which is not conducive to properly managing your law firm’s books.Many accountants are familiar with QuickBooks, and therefore are very quick to recommend their clients use the accounting software to manage all of their businesses’ billing and accounting needs. That does not mean it is the best solution for legal billing.Performance and ProfitabilityReports that reflect timekeeper productivity and profitability on a client/file level are unique to law firms, and some other service industries. Most legal accounting solutions will include performance reporting that the law firm can use to make better management decisions. For example, it is important for a managing partner(s) of a firm to know how timekeepers are performing. Reports that present timekeeper working, billable and collected fees can be used to evaluate staff and professionals. These numbers determine whether the timekeeper is earning enough based on the cost to the firm for that timekeeper. These reports are often used in the calculations for timekeeper and/or partner compensation. Law firms frequently will compensate timekeepers based on fees collected by the originating, working and responsible attorney. Evaluating fees collected by type of law is another important part of managing and evaluating a firm’s income. If a law firm is charging a flat or fixed fee for services rendered, it is important to know if the time spent performing the work is greater or less than the fees collected. Clients/files that are not profitable should be carefully considered in the future or fees should be adjusted to reflect the real time required to work on the case. Generalized accounting packages do not have the reporting capacity to provide any of these time tracking metrics, which makes it even more important to make sure your firm has the proper tools to track and collect this data.Many accountants are familiar with QuickBooks, and therefore are very quick to recommend their clients use the accounting software to manage all of their businesses’ billing and accounting needs. That does not mean it is the best solution for legal billing. All legal accounting systems have the exact same accounting reports that are in QuickBooks. Accountants need to be able to