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The Practice Summary recovery tab can be used to show recoveries for the practice for a selected period.
Note: 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.
Select the Recovery tab.
The Time Ledger Practice Summary screen will be displayed.
The following rows are available:
WIP Written out
Displayed is the total value of WIP written out for the period. For example, £300. Click on 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 on 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 on 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 on 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 on the magnifying glass for details of postings making this total.
Invoice Recovery
Displayed is the practice recovery, based upon invoice less write out.
Note: This recovery does not include credit notes. For additional calculations on the Practice recovery it is recommended the Billing analysis report is used.
% Chargeable
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.
Recovery Columns
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.
Previous Period
Click Previous Period to display practice recovery details for the previous period.
Next Period
Click Next Period to display practice recovery details for the next period
Click Print to print the details displayed on screen
Cancel
Click Cancel to exit.
Related Topics
Client Billing Analysis report
Practice Summary reference