You can use BillQuick to track employee time and use that information for calculating their earned compensation time.
Follow these steps to calculate the comp time:
1. In the Employee screen, select the Detail tab. In the “Comp Time Details” section, set the Frequency and Hours. For example: Employee gets compensation time for any time worked over 8 hours daily. In that case, Frequency=Daily, Hours=8.
2. Make one time entry for all the compensation time that the employee currently has banked. Use your company's overhead project and a non-billable (but not GEN:COMP) activity code.
3. Run the employee comp time report (Reports menu, Employee, Employee Compensation Time Report). You should now see the banked comp time for that employee.
4. When the employees use comp time, they should use the code GEN:COMP. This will decrease their banked hours or comp time. You can have negative comp time by using the code GEN:COMP for more hours than you have banked.
Note: GEN:COMP can be replaced by any activity code you want by going to Settings menu, Global Settings-Master Information screen and selecting the code you want your employees to use.