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.
Your business details can include information for multiple branches/offices in Administration >> Settings >> Office Settings in AbtracOnline or System Management in Abtrac5.
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.
The Timesheet Entries report shows : timesheet comments, timesheet units and the total charge/cost extension for each timesheet line. It also provides detailed entries for employee and company disbursements.
There are quite a few variations on the ‘basic’ timesheet entries report with options for lots of different filters, groups and sub-groupings.
As well as looking at how much was billed each month end we recommend you look at your write off percentages. Use one of the WIP reports from Performance Reports > Management Analysis:
- WIP Write-offs and Write-ons by Invoice
- WIP Write-offs and Write-ons by Project, or
- Write-offs and Write-ons by Project and Invoice are all good places to start.
Some management reports in Abtrac review data by invoice, others do it by individual invoice lines. In particular some Employee Profitability, Fees Earned, and Write Off reports go into this detail.
If you want to analyse write offs (ons) at the employee or invoice level then the method you use to write off time is important.
When choosing an existing invoice line to assign WIP you need to be aware that this write off time will affect these reports. And reports already circulated will then have different recovery numbers which will obviously confuse some people.