Two new productivity reports, match balances of AR report and AR GL, and more.
Enhancements
Unlink Payment and Balance Accounts Receivable
Unlinking a payment from an invoice and entering a date different from the original payment date will:
- Reinstate the Accounts Receivable (AR) amounts associated with the unlinked payment(s) as of the unlink date specified.
- Match the AR Report balance with the 1200 Accounts Receivable General Ledger balance shown on the Balance Sheet, when printed as of the same date as the AR Report.
New Productivity Reports
To assist users to analyze how different metrics compare across timekeepers, matter owners, matter parties, clients, and matters, we have added two new productivity reports:
Financial Productivity Report
The Financial Productivity Report helps users to:
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- Evaluate the performance, profitability, and efficiency of the timekeeper/firm/matter owner/matter party.
- See what was billed in the month, what was collected in the month, and the hours worked in the month.
- Calculate the effective rates and billing productivity percentages.
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Learn more about the Financial Productivity Report
Fee Recovery Report
The Fee Recovery Report calculates the total percentage recovery or month-by-month comparison and includes fixed/contingent fee matters. It shows you:
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- Fees billed in a given date range
- Discounts and write-offs on the billed amounts
- Collections on those bills through a specified date
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Learn more about the Fee Recovery Report
Fix
- Canadian users paying an invoice that has a hard cost will no longer receive the warning You are allocating incoming funds to an account which is normally used for outgoing funds. Do you want to continue?
- Transactions will be visible, both under the reconciliation statement and the transaction list for the bank.