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 theDetail linefield of theReport Options.
- Application:Columns in this area show the portion of theCollected Amountthat 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.
