Getting started with your invoicing normally starts with a few reports to see who you are invoicing and for how much. This can then be checked with job (project) managers to confirm they are ready to invoice the clients and if they are happy with the amounts.
There are two basic reports that can get you going. Unbilled Work Quick Summary and Timesheet Entries.
Simple, fewer pieces of information to load means you will have a faster system.
Screens such as the searches, timesheet entries, invoices, and some reports all load with the current data that is available in the system, so it’s pretty straightforward to think that making items non-current will give you a quicker response for all these pages.
Your business details can include information for multiple branches/offices in Administration >> Settings >> Office Settings in AbtracOnline.
These Offices or Branches can also be applied to each employee, job or project and carried through to invoicing and analysis.
You can then run reports by office – comparing performance and profitability between branches and managing workflow.
It is also useful when you have one tax entity but different physical addresses, and different invoicing and accounting requirements between locations.
There’s also an option to limit access for Abtrac users by office, enabling them to only view and edit offices to which they have been assigned.
When using multiple offices in Abtrac, there are a few things to bear in mind. Continue reading →
AbtracOnLine allows users to generate invoices and email them directly to their clients.
AbtracOnLine also lets you choose the method by which your emails are sent.
It is important to us that your invoice management and delivery with AbtracOnLine remains reliable, even as the global email environment changes. Mail Servers and email ISPs now have more rigid practices to try and shield their users from spam, and we have adapted Abtrac to ensure your mail isn’t incorrectly bounced or blocked.
Read on for details about :
How invoices are emailed from Abtrac
How to track whether your email has been successfully received, and
What our plans are, for emailing invoices in the future
The Invoice Listing report is one of the staple reports of Abtrac, used throughout billing and in month end reporting.
Unlike a basic sales or invoice report from your accounting software, it shows time and cost assigned – giving you a more accurate representation of whether you need to worry about profit leakage.
Of course its limitation is that it only shows time and cost that has been assigned and/or recovered to the invoices listed. If your office also creates write off invoices, it will show a more complete picture.
And for true revenue analysis after the fact, it is often handy to look at the Invoice Listing Report in conjunction with unbilled work and write offs to get a complete picture.
A new survey came out last month – the Trends & Challenges in Architecture and Engineering International Report 2014* and it had some most interesting (but perhaps not surprising) statistics.
Architecture and Engineering firms throughout Australia and New Zealand are missing out on invoicing up to 30 percent of billable hours. According to the survey, almost three quarters of businesses indicated they recovered only 61-80 % of billable hours.
Loss of billable hours is a common challenge for all time based billing professionals, regardless of whether you bill on the basis of time engaged or a fixed price contract. It’s a challenge that needs to be constantly managed.