How to do it...

  1. To get the time-tracking configuration option on the product form, you have to install the Timesheet application. To install the Timesheet application, go to Apps and search for timesheet. Click on the Install button on the Timesheet application to install it.

On successful installation of the Timesheet application, you will get the two applications installed on your instance, Timesheet and Project, as the Timesheet application is dependent on the project.

  1. To create a new service-type product, go to the product through Sales | Sales | Products, and click on the CREATE button. Enter the product name Prepaid consulting, select the product type as Service, and cost price and sale price have to be entered according to the service ...

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