Financial Reports

Revenue Tracking #

Comprehensive Revenue Reporting and Analytics #

Corcava provides sophisticated revenue tracking and reporting capabilities:

Revenue Tracking Features:

• Total Billed Tracking: Comprehensive tracking of total billed amounts across all projects and clients
• Total Spent Tracking: Detailed tracking of total spent amounts including payroll and expenses
• Time-Based Revenue: Revenue calculation based on tracked time intervals and bill rates
• Project Revenue Analysis: Revenue analysis broken down by individual projects and clients
• Period-Based Reporting: Revenue reporting for custom date ranges and periods

Financial Summary Widgets:

• Total Spent Widget: Dashboard widget showing total spent amounts with trend analysis
• Total Billed Widget: Dashboard widget displaying total billed amounts and changes
• Revenue Comparison: Comparison of spent vs. billed amounts for profitability analysis
• Change Tracking: Tracking of financial changes over time with percentage differences
• Currency Display: Professional currency display with team base currency formatting

Revenue Calculation:

• Bill Rate Integration: Automatic application of bill rates to time intervals for revenue calculation
• Pay Rate Integration: Integration of pay rates for cost calculation and profitability analysis
• Multi-Currency Revenue: Revenue tracking across multiple currencies with base currency conversion
• Real-Time Updates: Real-time updates of revenue metrics as work is tracked and invoiced
• Accuracy Validation: Validation of revenue calculations and financial accuracy

Revenue Analytics and Insights #

Revenue analytics provide deep insights into business financial performance:

Financial Performance Analysis:

• Profitability Analysis: Analysis of profitability by comparing billed amounts to costs
• Revenue Trends: Trending analysis of revenue over time periods
• Client Revenue Analysis: Revenue analysis broken down by individual clients
• Project Profitability: Profitability analysis for individual projects and engagements
• Team Performance: Team-level revenue performance and contribution analysis

Revenue Reporting Features:

• Period Comparisons: Compare revenue across different time periods
• Growth Analysis: Analysis of revenue growth and business expansion
• Performance Metrics: Key performance metrics for revenue and profitability
• Trend Identification: Identification of revenue trends and patterns
• Forecasting Support: Data support for revenue forecasting and planning

Outstanding Payments #

Reports on Unpaid Invoices and Overdue Amounts #

Outstanding payment reporting provides comprehensive visibility into unpaid amounts:

Outstanding Payment Reports:

• Uninvoiced to Clients: Reports on work completed but not yet invoiced to clients
• Uninvoiced from Team: Reports on team work that has not been invoiced
• Outstanding Balance Tracking: Comprehensive tracking of outstanding invoice balances
• Overdue Invoice Reports: Reports specifically focused on overdue invoices and amounts
• Aging Analysis: Aging analysis of outstanding amounts by time periods

Uninvoiced Work Reporting:

• Client Uninvoiced Reports: Detailed reports on uninvoiced work for each client
• Team Uninvoiced Reports: Reports on team work that needs to be invoiced
• Project Uninvoiced Analysis: Analysis of uninvoiced work by project
• Time-Based Uninvoiced: Uninvoiced work analysis based on time tracking data
• Revenue Recovery: Reports to help recover revenue from uninvoiced work

Outstanding Balance Features:

• Real-Time Balance Tracking: Real-time tracking of outstanding balances across all invoices
• Client Balance Reports: Outstanding balance reports organized by client
• Currency-Specific Balances: Outstanding balance tracking across multiple currencies
• Balance Aging: Aging analysis of outstanding balances by time periods
• Collection Support: Reports to support collection efforts for outstanding amounts

Payment Status Analytics #

Payment status analytics provide insights into payment patterns and collection efficiency:

Payment Performance Metrics:

• Payment Timing Analysis: Analysis of how quickly clients pay invoices
• Collection Efficiency: Metrics on collection efficiency and payment success rates
• Overdue Analysis: Analysis of overdue patterns and client payment behavior
• Payment Method Performance: Analysis of payment performance by payment method
• Currency Payment Analysis: Payment analysis across different currencies

Collection Analytics:

• Days Sales Outstanding: Analysis of average collection periods
• Payment Velocity: Analysis of payment velocity and cash flow timing
• Client Payment Patterns: Analysis of payment patterns by individual clients
• Seasonal Payment Trends: Analysis of seasonal trends in payment behavior
• Collection Optimization: Insights for optimizing collection processes and timing

Financial Analytics #

Dashboard Widgets and Financial Performance Metrics #

Financial analytics are integrated into comprehensive dashboard reporting:

Dashboard Financial Widgets:

• Financial Summary Section: Dedicated financial summary section on the main dashboard
• Total Spent Widget: Widget showing total spent amounts with trend indicators
• Total Billed Widget: Widget displaying total billed amounts and performance changes
• Uninvoiced Work Widgets: Widgets showing uninvoiced work amounts with direct links to reports
• Change Indicators: Visual indicators showing financial changes and trends

Financial Performance Metrics:

• Profitability Metrics: Key profitability metrics comparing revenue to costs
• Efficiency Metrics: Metrics on billing efficiency and revenue generation
• Growth Metrics: Metrics tracking financial growth and business expansion
• Performance Comparisons: Comparison metrics for different time periods
• Team Performance: Team-level financial performance metrics and analysis

Widget Features:

• Real-Time Updates: Real-time updates of financial metrics and widgets
• Interactive Elements: Interactive widgets with drill-down capabilities
• Visual Indicators: Visual indicators for financial trends and changes
• Currency Formatting: Professional currency formatting with team base currency
• Link Integration: Direct links from widgets to detailed reports

Financial Dashboard Integration #

Financial reporting is seamlessly integrated into the main dashboard:

Dashboard Integration Features:

• Centralized Financial View: Centralized view of all financial metrics on main dashboard
• Date Range Integration: Financial widgets respond to dashboard date range selections
• Filter Integration: Financial metrics filtered by selected projects and team members
• Real-Time Synchronization: Real-time synchronization of financial data across dashboard
• Professional Presentation: Professional presentation of financial information

Dashboard Financial Sections:

• Financial Summary: Primary financial summary section with key metrics
• Uninvoiced Work: Dedicated section for uninvoiced work tracking
• Performance Indicators: Performance indicators integrated throughout dashboard
• Trend Analysis: Visual trend analysis integrated into financial widgets
• Quick Actions: Quick action links for accessing detailed financial reports

Invoice Analytics #

Invoice-Specific Reporting and Performance Tracking #

Invoice analytics provide detailed insights into invoicing performance:

Invoice Performance Metrics:

• Invoice Volume Tracking: Tracking of invoice volume and frequency over time
• Invoice Amount Analysis: Analysis of invoice amounts and average invoice values
• Invoice Status Distribution: Distribution analysis of invoice statuses
• Payment Timing Analysis: Analysis of payment timing and collection periods
• Invoice Efficiency Metrics: Metrics on invoicing process efficiency and automation

Invoice Reporting Features:

• Invoice Summary Reports: Comprehensive summary reports of invoice activity
• Client Invoice Reports: Invoice reports organized by client relationships
• Project Invoice Reports: Invoice reports broken down by project engagements
• Time Period Reports: Invoice reports for specific time periods and date ranges
• Status-Based Reports: Reports organized by invoice status and payment state

Invoice Analytics Benefits:

• Process Optimization: Insights for optimizing invoicing processes and workflows
• Client Relationship Management: Analytics to support client relationship management
• Revenue Optimization: Insights for optimizing revenue generation and billing
• Performance Monitoring: Monitoring of invoicing performance and success rates
• Business Intelligence: Business intelligence insights from invoice data

Invoice Performance Tracking #

Invoice performance tracking provides comprehensive monitoring of invoicing effectiveness:

Performance Tracking Features:

• Invoice Creation Tracking: Tracking of invoice creation rates and timing
• Delivery Performance: Tracking of invoice delivery and client receipt
• Payment Performance: Tracking of payment rates and collection success
• Status Progression: Tracking of invoice status progression from draft to paid
• Error Tracking: Tracking of errors and issues in invoicing processes

Tracking Analytics:

• Success Rate Analysis: Analysis of invoicing success rates and effectiveness
• Time-to-Payment Analysis: Analysis of time from invoice creation to payment
• Client Response Analysis: Analysis of client response to invoices and billing
• Process Efficiency: Analysis of invoicing process efficiency and automation benefits
• Quality Metrics: Quality metrics for invoicing accuracy and completeness

Team Financial Reports #

Team-Level Financial Reporting and Analytics #

Team financial reports provide comprehensive insights into team financial performance:

Team Financial Metrics:

• Team Revenue Tracking: Comprehensive tracking of team revenue and billing
• Team Cost Analysis: Analysis of team costs including payroll and expenses
• Team Profitability: Profitability analysis for team operations and projects
• Team Performance Comparison: Comparison of team performance across time periods
• Team Financial Trends: Trending analysis of team financial performance

Team Reporting Features:

• Team Financial Dashboard: Dedicated team financial dashboard with key metrics
• Team Member Contribution: Analysis of individual team member financial contributions
• Project Team Performance: Team performance analysis broken down by projects
• Client Team Analysis: Team performance analysis organized by client relationships
• Department Analysis: Financial analysis by team departments and roles

Team Analytics Benefits:

• Performance Management: Team performance management through financial analytics
• Resource Optimization: Optimization of team resources based on financial performance
• Goal Tracking: Tracking of team financial goals and targets
• Efficiency Analysis: Analysis of team efficiency and productivity
• Strategic Planning: Support for strategic planning through team financial insights

Financial Report Customization #

Financial reports can be customized to meet specific business needs:

Customization Options:

• Date Range Selection: Flexible date range selection for custom reporting periods
• Project Filtering: Filter reports by specific projects and client engagements
• Team Member Filtering: Filter reports by individual team members and contributors
• Client Filtering: Filter reports by specific clients and relationships
• Currency Options: Report customization for different currencies and conversions

Report Customization Features:

• Flexible Filtering: Comprehensive filtering options for customized reporting
• Export Capabilities: Export financial reports in various formats for external use
• Report Scheduling: Schedule regular financial reports for automatic delivery
• Custom Dashboards: Create custom dashboards with specific financial metrics
• Report Templates: Use report templates for consistent financial reporting

Advanced Reporting:

• Multi-Dimensional Analysis: Multi-dimensional analysis of financial data
• Comparative Reporting: Comparative reporting across different dimensions
• Trend Analysis: Advanced trend analysis and forecasting capabilities
• Performance Benchmarking: Benchmarking against historical performance and goals
• Strategic Reporting: Strategic financial reporting for business planning and decision-making