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Lesson 3: Work-in-Progress Aging report

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Overview

 

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Overview

Audience

Accounting

Project/billing manager

Principal

CPA

Purpose

Use this report to quickly identify projects with time and expenses that are not getting invoiced on a timely basis so that you can initiate billing or write them off.

What the report shows

The report shows items that have not been billed. This information is displayed in five aging columns, from Current to Over 120 days.

What else you can do in the report

You can view work-in-progress on the basis of original or adjusted amounts. You can drill down to find the specific detail of when the work was performed or the expense was incurred, and by whom.

You can summarize information by billing manager, principal in charge, project type, or department, and drill down to project, phase, and full unbilled detail information.

Where to find it

Reports > ProjectWork-in-Progress Aging

Here is a view of the Work-in-Progress Aging report, drilled down to the project level:

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Work-in-Progress Aging report

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Quiz: Work-in-Progress Aging report

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Lesson 4: Session journals

 

 

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