Available in Sage 50 Premium Accounting and higher.

Inventory and Time & Billing

Activities performed and expenses incurred while working on projects are set up in Inventory using two inventory item classes:

Activity items: These describe the type of work performed and the price per unit. They are used on time tickets. Tell me more about activity items.
Charge items: These describe expenses incurred while working on projects. They are used on expense tickets. Tell me more about charge items.