Financial Reports
Financial reports give you a clear picture of your practice's revenue pipeline — from recorded time through to collected payments.
Revenue Summary
Shows total invoiced revenue over time.
| Dimension | Options |
|---|---|
| Period | Monthly, Quarterly, Annual |
| Comparison | Year-on-year, budget vs. actual |
| Breakdown | By service, by entity, by account manager |
Key Metrics
- Total Revenue — sum of all invoices in the period
- Growth % — compared to the previous period
- Average Invoice — mean invoice value
Revenue by Service
Breakdown of revenue by service category:
| Column | Description |
|---|---|
| Service | Service name (Annual Accounts, Tax Returns, etc.) |
| Invoices | Number of invoices |
| Revenue | Total invoiced amount |
| % of Total | Share of total revenue |
| Trend | Period-over-period change |
Debtors Ageing
Outstanding invoices grouped by age:
| Age Band | Description |
|---|---|
| Current | Not yet due |
| 1–30 days | 1 to 30 days overdue |
| 31–60 days | 31 to 60 days overdue |
| 61–90 days | 61 to 90 days overdue |
| 90+ days | Over 90 days overdue |
Each age band shows entity name, invoice number, date, amount, and days outstanding.
WIP Report
Unbilled time across the practice:
| Column | Description |
|---|---|
| Entity | Client name |
| Service | Service category |
| Hours | Unbilled hours |
| Value | Hours multiplied by rate |
| Oldest Entry | Date of the oldest unbilled entry |
| Days Unbilled | Age of oldest entry |
Stale WIP
Entries unbilled for more than 90 days are flagged. Consider invoicing promptly or writing off.
Realisation Report
Compares recorded time value against invoiced value:
- Realisation Rate = (Invoiced ÷ Recorded) × 100%
- Rates above 100% indicate premium billing
- Rates below 100% indicate discounting or write-offs
Collection Report
Tracks payment collection:
- Collection Rate = (Payments Received ÷ Invoiced) × 100%
- Shows cash flow trends over time
- Highlights slow-paying clients