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The Practice Summary recovery tab can be used to show recoveries for the practice for a selected period.
It is recommended that the billing analysis report is used to show recoveries.
To access the Practice Summary recovery tab:
Enter the Time Ledger.
Click Enquiries.
Select Practice Summary
Click the Recovery tab.
The Time Ledger Practice Summary screen displays.
The following rows are available:
WIP Written out - displayed is the total value of WIP written out for the period. For example, £300. Click the magnifying glass to display the postings that make the WIP write out total.
WIP Written off - displayed is the total value of WIP written off for the period. For example, £200. Click the magnifying glass to display the postings that make the WIP write off total.
WIP Written Back - displayed is the total value for WIP written back for the period. For details of postings making this total click on the magnifying glass provided.
Unabsorbed - displayed is the unabsorbed balance for the period. For details of postings make this total click on the magnifying glass provided.
Billed - displayed is the billed amount posted for this period. For example, £20,000.
Credit Notes - displayed is the value of credit notes posted to the period. Click the magnifying glass provided for details of postings making this total.
Non chargeable - Accountable - displayed is the total of accountable time posted for this period. Click the magnifying glass for details of postings making this total.
Nonchargeable - Non accountable - displayed is the total of Non accountable time posted for this period. Click the magnifying glass for details of postings making this total.
Invoice Recovery - displayed is the practice recovery, based upon invoice less write out.
This recovery does not include credit notes. For additional calculations on the Practice recovery it is recommended the Billing analysis report is used.
The percentage chargeable shows the percentage of work completed that is chargeable to clients.
The following formula is used:
Non-charge (Accountable time) + Chargeable Time x 100
Accountable Time
The Non-charge (Accountable time) figure is taken from the Non-charge -accountable field on the Practice Summary Recovery tab. (as discussed above).
The Chargeable Time is taken from time field from within the practice summary, WIP movements tab.
The first column displays recovery details for the current period and period number. For example, 2003/8.
The second column displays recovery details for the practice financial year to date. For example, from 2003/ 1 to 2003/8.
The third column displays the recovery details for the previous year. For example, 2002/8.
The fourth column displays the recovery details for the previous year to date. For example, 2002/1 to 2002/8. This can be used to compare the current years recovery performance to the previous year.
Click to display practice recovery details for the previous period.
Click to display practice recovery details for the next period.
Click to print the details displayed on screen.
Click on the Cancel to exit.
Client Billing Analysis report
Practice Summary reference