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Reporting

Collection Summary report

The
Collection Summary report
 can help you determine a client’s payment habits. It includes:
  • A summary of receipts collected.
  • How they were applied (invoices, debit memos, service charges, or unapplied).
  • Average number of days to collection.

View and print the report

Select
File
,
Print Reports
,
Collection Summary
 in the
Available reports
 pane, then
Select
.

Included in the report

  • ID, Name/Description:
     ID and the names of the items you have selected for grouping the report.
  • Collected Amount:
     The total amount collected (total of receipts and non-sufficient funds entries) in the date range specified in the
    Detail line
     field of the
    Report Options
    .
  • Application:
     Columns in this area show the portion of the
    Collected Amount
     that was applied to invoices, debit memos, services charges, or unapplied.
  • Avg Days To Collect:
     Average of the number of days between the invoice date and the receipt that is applied to it.
Example 1
Receipt/date
Invoice/date
Number of days
5/31: 500.00
4/30: 500.00
31
5/31: 250.00
3/31: 250.00
61
5/31: 250.00
2/28: 250.00
92
Total average days to collection: 61: (184/3)
Example 2: partial payment
Receipt/date
Invoice/date
Number of days
5/31: 100.00: 6/30: 900.00
4/30: 1000.00
31: 61
If the date range: in the
Detail line
: of Report Options is:
5/1–6/30
Total average days to collection: 46: (92/2)
6/1–6/30
Total average days to collection: 61
5/1–5/31
Total average days to collection: 31

Security permissions for reports

When you enable security permissions for a report on the
Security Groups setup
 screen, Practice CS may also give access to view the data available on the report. Also, when you remove the permission to view data, Practice CS may also remove access to related reports.
Go to the
Privileges changed
 pane on the
Security Groups setup screen
 to check which permission changes Practice CS has made after you enable access to a report.
For this report, if you've not enabled permissions for the
Menu, Setup Menu, Clients, View
 security option, Practice CS will enable full access to it.
If your firm has multiple offices, you may want to remove permissions to information for other offices.

This article applies to:

  • Product: Practice CS
  • Subject: Reports