Customizing Timesheets MTS - Financial Details

Timesheets MTS can deal with most financial requirements that your company may have. It can be configured to deal with state taxes, VAT, GST, and sales tax. It can also be configured to deal with differenct currencies and allows you to setup invoices in a manner that suits your company and tax system. For a detailed explanation of each setting please see below:

Setting	Description
Timesheets MTS Currency	Timesheets MTS can use either the currency set by your MS Windows settings or alternatively you can define your own currency for Timesheets MTS to use.
Travel Reimbursement Rate	The rate (in $ per distance travelled) that employees get reimbursed at if they use their own vehicle.
Material Reimbursement Rate	The reimbursement factor applied for employees who pay expenses from their own pocket. For example, a rate of 1.1 means the employee will be reimbursed at the actual amount expended plus 10%.
Travel Invoicing Rate	The rate (in $ per distance travelled) that travel is invoiced at.
Material Invoicing Rate	The markup applied for project expenses at invoicing. For example, a rate of 1.5 means the customer will be charged at the actual amount expended plus 50%.
Invoice Title	The title shown on the Timesheets MTS invoices.
Show Company Logo	Enable this option to show your company logo on Timesheets MTS invoices.
Image Path	Enter the path to you logo file if you want to display your logo on Timesheets MTS invoices.
Left Align/Centre Alogin/Right Align	Select the position of your company logo on the Timesheets MTS invoices using these options.
Payment Terms	Enter the payment terms to be displayed by default on your invoices (for example NET 30 days). These terms can be changed on an invoice by invoice basis.
Include Business Number	Use this option to display your business number (set on the Company Details option screen) on your Timesheets MTS invoices.
Business Number Title	If you want to display your company number on Timesheets MTS invoices then you can enter a title here (eg RBN, ACN, ABN etc etc).
Include Tax Component	Enable this option to include a tax field on your Timesheets MTS Invoices. This can be used to deal with state taxes, VAT, GST, or sales tax.
Tax Component Title	If you choose to include a tax component on your Timesheets MTS invoices you can title the component here.
Calculate Tax	Enable this option to have the displayed tax component calculated automatically.
Tax Rate 1	Set tax rate 1 to a percentage between 0 and 100.
Tax Rate 2	Set tax rate 2 to a percentage between 0 and 100.
Services Tax Rate	If your tax system has a different tax rate applied to goods and services you can choose to assign the service tax rate here. It can be assigned to Tax Rate 1 or Tax Rate 2.
Goods Tax Rate	If your tax system has a different tax rate applied to goods and services you can choose to assign the goods tax rate here. It can be assigned to Tax Rate 1 or Tax Rate 2.
Invoice Notes	Enter any generic invoice notes that you want to appear on Timesheets MTS invoices here.