Contract portfolio

This report will provide insights and information related to contracts and their contract- or project-related transaction details.

This report will help the organization with contract management and analyze key accounts. The key elements of this report are:

Contract Summary: The ‘Contract Summary’ tab provides project managers with a comprehensive overview of project transactions, including budgeted amounts, revenue, and gross profit, at the contract level. This summary information allows project managers to analyze the performance of each contract, make informed decisions, and take necessary actions to optimize project outcomes. By leveraging the insights and analysis provided by the Contract Summary’, project managers can make data-driven decisions, monitor contract performance, and enhance the financial success of each project.

Invoice Details: The ‘Invoice Details’ tab provides organizations with a comprehensive report that enables them to understand the invoiced amount and outstanding balances for each customer. This report offers valuable insights into customer billing at the project level, facilitating effective tracking and management of invoicing activities. Project managers and finance teams can easily track the invoicing status and identify any outstanding balances. This information is crucial for managing cash flow, optimizing revenue collection, and maintaining healthy customer relationships.

Contract WIP: The ‘Contract WIP’ tab provides crucial information to companies by offering insights into the amount of revenue expected to be recognized periodically for projects that are in the’ Work-in-Progress (WIP)’ status. This information is instrumental in financial planning and forecasting, allowing companies to anticipate cash flow and revenue recognition for ongoing projects.

AR Details: (Accounts Receivable Details): The ‘AR Details’ tab provides organizations with a comprehensive  ‘Accounts Receivable Aging’ visual that displays the balance or outstanding amounts due from customers categorized by aging periods. This report offers valuable insights into the financial status of customer accounts, facilitating effective management of accounts receivable and ensuring timely collection of outstanding payments. 

The ‘Contract Portfolio’ tab consists of all the summary information of the project transactions, like ‘Contract Value’, ‘Revenue’, ‘Cost and Expense, and ‘Gross Profit’.

The table view of ‘Contract Portfolio’ has detailed information on the contract list showing KPIs such as ‘Contract Value’, ‘Invoiced, and ‘AR Balance’. 

Invoice Details tab contains information on the invoiced amount by customer and by project.

The table view of the Invoice Details tab contains information on the invoiced amount by customer and by project.

Contract WIP contains information about the invoiced amount by the customer and the amount that is in WIP.

The table view of Contract WIP contained detailed information on invoiced amounts by project and amounts that are in WIP.

The WIP Time and Expense tab contains information about amounts that are in ‘WIP’ for the project fee types ‘time and expense’ and ‘time and expense NTE’. 

The table view of ‘WIP Time and Expense’ consists of information on amounts by project and by resource that are in ‘WIP’ for the project fee types ‘time and expense’ and ‘time and expense NTE’. 

The WIP Fees tab consists of information about the amounts that are in ‘WIP’ for the project fee types ‘progress’ and ‘fixed fee’.

The table view of the WIP Fees tab contains information on the amount by project that is in ‘WIP’ for the project fee types ‘progress’ and ‘fixed fees’.

The table view of the WIP Fees tab also contains information on the amount by resource that is in ‘WIP’ for the project fee types ‘progress’ and ‘fixed fees’.

The AR Details tab contains information on Invoice Amount and Open Amount by invoice number and by project.