Enhanced Revenue Analytics: Introducing Estimated Billing Fees
We're excited to announce a significant improvement to our Revenue Analytics feature. You can now access and analyze Estimated Billing Fees in addition to the previously available Invoiced Amount.
Why the Change?
Previously, Revenue Analytics solely relied on invoiced amounts, limiting its usefulness for many customers. By incorporating Estimated Billing Fees, we've expanded the tool's capabilities to provide more comprehensive financial insights.
How it Works
- For customers with Billing & Invoicing: A toggle will appear in the Revenue Analytics section, allowing you to switch between Invoiced Amount and Estimated Billing Fees.
- For customers without Billing & Invoicing: Estimated Billing Fees will be the default revenue metric.
How Estimated Billing Fees are Calculated
- Time & Material Projects: Calculated by multiplying approved timesheet hours by the employee's rate card.
- Fixed Fee/Milestone Based Projects: Based on the total milestone fees and their estimated billing dates.
How to Access Invoiced Amount in Revenue Analytics:
Navigate to the Projects section, access Analytics, click on Insights, and review the Revenue per Clients for the Estimated Billing Fees.
With this enhancement, you can now gain deeper insights into your project's financial performance by analyzing both realized and projected revenue.
For further details on Tracking Revenue Reports, feel free to click here for more information.