Just so you know, Timeslips cannot import Excel billing data, at least not directly. You would have to save the data that is in Excel into a CSV file first. As for exact steps, that's hard to say, since we don't see what is in Excel. If someone has successfully imported it before, there is most likely an import template that was created. How this all fits together is beyond the scope of a forum like this, but you can engage one of us Certified Consultants if you would like more specific steps.
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