Abak Time and Billing - Version 7.2 Abak is the most flexible time and billing system in the industry. Support multiple currencies, multiple invoice formats, and dozens of rates. Abak connects your employee's time and expenses to your invoices, your payroll and your accounting systems, automatically. Employees and sub-contractors report their time and expenses directly in Abak. Managers approve time sheets and expenses before they are sent to billing and payroll. Enter your subcontractor invoices in Abak, and relay the data to billing and accounting automatically. Manage both fixed price and time & materials projects. Bill your clients based on time, expenses and vendor invoices already in the system. Add items manually. Manage markups and markdowns. Bill automatically and recurrently. Customize your invoice format. Keep up with project costs and budgets. Quickly identify which projects are profitable and address problems right away. Make sure no billable item is forgotten.