How to Generate Billing Reports

Objectives

• Generate Financial Reports

Steps

The Billing module includes a number of predefined reports that will make tracking your finances easier.

Open the Billing Module from the navigation menu:

Click on Reports from the Billing Menu

You will be directed to the Reports page, where you can find Accounts reports, Expenses, Matters related reports, and more.

Using the Filters in every Report, the user can specify the needed data and filter the generated data as desired.

Expenses: 

Expenses Reports include the Statement of Expenses and Expenses per Client Report, which shows the accumulated amount of the total expenses for each client.

Accounts: 

The chart of Accounts report centralizes all the accounts in the system where Accounts are put in the form of a grid along with the balance available.

Accounts Receivable:

The account receivable report shows a list of transactions such as the invoices paid, partially paid, or overdue, filtered by date, with the corresponding details such as the client name, the total, and the balance amount of these transactions. Also, you can use the report aging by the invoice date or due date.

Accounts Payable:

The account payable report shows a list of Bills paid, partially paid, or overdue, filtered by date, with the corresponding details such as the supplier name, the total, and the balance amount of these transactions. Also, you can use the report aging by the bill date or due date.

Statement:

Under the Statement section, you can find a list of important reports such as:

• Account Statement This report gives the Account Statement of any chosen account, filtered by date, account name, and currency.
• Trial balance: The purpose of a trial balance is to ensure that all entries made are properly balanced. The total amount of the debits and credits in each accounting entry are supposed to match.
• Balance Sheet: The balance sheet report is a financial statement that reports a company's assets, liabilities, and stockholders’ equity for a specific period.
• Income Statement: The income statement reports a business’s revenues, expenses, and overall profit or loss for a specific period of time.
• General Ledger: The General Ledger report shows you all the financial activity for your business. The General Ledger is made up of a chart of accounts with the debit, credit, and balance of these accounts.
• Detailed General Ledger: This Report includes accounts for assets, liabilities, owners' equity, revenues, and expenses with their details.
• Vat Audit: This report is available when E-invoicing is activated. This report shows data related to the transactions that happened with their details like the client name, type, tax amount, etc.

Matters:

Matter-related reports include the Judgment Value vs. Matter Value per Client report, which shows the accumulated amounts of Matter Values, Total Expenses, Total Judgment, and Total Recovered for each client. In addition to the Work in Progress report that shows all the un-invoiced time entries, expenses, or bill items, and time logs per month and the profitability assessment report as well.

Bank: 

The Bank reconciliation report matches the balances in the entity's accounting record for a cash/bank account to the corresponding information on a bank statement.

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