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In this QuickBooks Time tutorial, Annie guides users on tracking time, managing team activities, and preparing for payroll or customer invoicing. To start tracking time, users can open the time clock, select the relevant job or customer, and clock in. Custom fields can be added for more specific tracking needs, such as service items or locations. If invoicing customers for tracked time, users should select "yes" in the billable field. After completing work, they can clock out. Time tracking can also be performed using a mobile app, time clock kiosk, or the manual time card. Proper setup requires organizing teams, customers, and custom fields. Additional resources for account setup will be shared at the video’s end.