Estimated Billing Fees in Revenue Analytics

Track both invoiced and estimated billing fees to optimize your project profitability

Keka's Revenue Analytics now includes Estimated Billing Fees, providing a broader view of revenue by comparing projected and realized amounts. This update improves financial planning, cash flow forecasting, and project profitability. With both metrics in one place, businesses can manage budgets more effectively and make informed decisions to optimize revenue.

TABLE OF CONTENTS

• How It Works
• How Estimated Billing Fees are Calculated
• How to Access Estimated Billing Fees in Revenue Analytics

How It Works

• For customers with Billing & Invoicing:
  A toggle will appear in the Revenue Analytics section, allowing you to seamlessly switch between:

  • Invoiced Amount: Realized revenue from invoices.
  • Estimated Billing Fees: Projected revenue based on ongoing work.

• For customers without Billing & Invoicing:
  Estimated Billing Fees will automatically serve as the default revenue metric.

How Estimated Billing Fees are Calculated

1. Time & Material Projects:

   • Calculated by multiplying approved timesheet hours by the employee's rate card, taking into account any historical changes in roles and rates. The system now tracks and applies rate changes based on their effective dates to ensure accurate billing calculations.

2. Fixed Fee/Milestone-Based Projects:

   • Derived from the total milestone fees and their respective estimated billing dates.

This ensures that revenue forecasts remain accurate, whether your projects are time-based or milestone-driven.

How to Access Estimated Billing Fees in Revenue Analytics

Navigate to the Projects section. Go to Analytics and click on Insights. Review the Revenue per Client metric to access both Estimated Billing Fees and Invoiced Amounts.

Use the toggle to switch between metrics based on your analysis needs.

For further details on Tracking Revenue Reports, feel free to click here for more information.

Tracking Revenue Reports