Client Billing Analysis report and the Billed figure
- Article ID
- ias-5142
- Article Name
- Client Billing Analysis report and the Billed figure
- Created Date
- 11th December 2007
- Product
- IRIS Time and Fees
- Problem
- The billed figure on the client billing analysis billed figure is not reconciling with my other reports. For the recommended reports for reconciling in Time & Fees please refer to KB IAS-6002
- Resolution
- This knowledge base article will explain the purpose of the billing analysis report and provide the reasons why the billed figure on the billing analysis report cannot not reconcile.
Contents
- Purpose of the billing analysis report
- How Interim invoices affect the billing analysis
- How Invoice reversals affect the billing analysis
- Recommended report for reconciling the Billed figure: Time Ledger instructions report Purpose of the billing analysis report The billing analysis report is designed to show the recovery of an invoice. For example, to show an invoice posted for £1000, £800 of time is written out and that a recovery of £200 has been made. The report is not designed to track movements of invoices. For example, to show an invoice was reversed in January and reposted in March, or the movements of interim invoices (when it was finalised). This is why it is will not reconcile with other reports which are designed to track these movements, such as the Time Ledger instructions report. Interim Bills The billing analysis is concerned with how much recovery the practice has made for the work done. When interim invoices are finalised they will be shown with the final bill to show the true recovery of all of the work. For example: (i) The practice posts interim bills for Jan, Feb, March for £100 each and has £400 of WIP on the client (see below). At this point the billing analysis would show a bill value of £100 in the Jan billing analysis report, a bill value of £100 in the February billing analysis report and a bill value of £100 in the March billing analysis report.
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