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In this QuickBooks tutorial, Annie explains how to track employee time, manage team activities, and prepare for payroll or customer invoicing. Users can track time using a time clock, customize fields for detailed tracking, and mark hours as billable for client invoicing. After working hours, employees need to clock out. Time can also be tracked via a mobile app, time clock kiosk, or manually through a time card. Before starting, it's crucial to set up team members, customers, and any necessary custom fields. The video concludes with resources to assist in account setup.