Now the total for your project will be reduced by that amount, and you can see exactly how much you still have owing, or to be billed, or even how much of your retainer you have left. Go to the ACME Project, create an expense and enter -$500. If you receive a payment or an advance retainer, create an expense but enter it negative. You can still track payments, retainers and invoices in your current copy of OfficeTime. We’re just going to concentrate on the ones that will make the most difference. That’s not to say that improvements aren’t coming for tracking your invoices. There’s great accounting programs out there. We’re hesitant to bring in accounting features because that’s not our strong point. We like to focus our improvements on what OfficeTime does best: Tracking, Reporting and Billing for time and expenses. But should we be trying to fill the role of an accounting solution?
It gives only glowing praise when you need an honest picture. That’s the problem with most marketing material. When I’m looking at a product, I want to know exactly what its strengths and weaknesses are. But I like to see it from the buyer’s perspective. Most companies don’t like to admit their product doesn’t do something well. OfficeTime does a great job of tracking time, a good job of invoicing, but comes up a bit short on the accounting side of things. So you’ve tracked your time, billed the client and gotten the payment.
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