Analytics
      Back to home
      1. Help and Support Center
      2. Reports and Analytics
      3. Analytics

      AR Invoice by Service Analytics

      Offers a comprehensive, real-time view of invoice data, simplifying analysis for better invoice management and optimization.

      AR Invoice by Service Analytics offers a valuable tool for analyzing and comprehending the company's invoices, allowing users to view invoices from various perspectives. It provides the capability to assess a wide range of invoice data directly from the dashboard, offering a comprehensive real-time overview of invoice information.

      AR Invoice by Service Analytics simplifies the analysis of your invoice data, providing valuable insights for executives, managers, and salespeople. It offers a comprehensive view of your invoice operations efficiently, ensuring no valuable information is overlooked.

      We have listed the most critical metrics for AR that will enable you to manage your Invoices more effectively and optimize as well as analyze the Invoices process in detail.

      AR Invoice by Service Analytics has delivered the below Metrics.

      Metrics Description
      Total Invoiced Amount The total amount of money we received from total invoices.
      Total Cost The sum of all costs incurred by a firm in completing a service.
      Total Overhead Expenses You will know the total overhead expenses for the specified period.
      Total Gross Profit Total Gross Profit generated for the selected date range.
      Amount Invoiced over Time This visualization can identify trends and show comparisons over periods of total invoice amount by week/month/year based on the selected date range.
      Amount Invoiced - Top 5 Service(s) Understand the offered service(s) by the amount invoiced that contributed most to company sales.
      Amount Due - Top 5  Salespersons You will know the top 5 salespersons by the amount due on invoices, so you can ask a respective salesperson to follow up with those customers to get the due money.
      Amount Invoiced - Top 5 Service Category Understand the top 5 service categories offered most by the amount invoiced. helps to plan and manage equipment, materials, and employees.
      Invoices  Report by Service Displays a list of invoices with details including invoice link, invoice number, job, salesperson, and invoiced amount based upon the services
      Invoice Report by Service Category Displays a list of invoices with details based on service category. This includes total invoiced, total cost, OH cost, Discount, and Gross profit.

      Computed fields

       Total Invoiced Amount = Service Price +  Sales Tax + Discounts.

       GrossProfit = Price - Cost 

       Profit = Price -Discount- Cost

      Here are the business constraints that are applied.

      • All the Metrics are calculated for the applied date range filter.
      • We consider only active customers

      Filters

      Using filters you can analyze by applying various search criteria, here are the available filters:

      Customer → Service Category → Service → Salesperson → Crew → Paid Status → Class 

      The Importance of AR Invoices By Service Analytics & Benefits

      • AR dashboards serve as a valuable tool for monitoring customer payments and invoices, enhancing the efficiency and productivity of AR teams. Key dashboard features, including role-based customization and integration with accounting systems, empower AR teams to access real-time data and delve deeper into metrics, ultimately maximizing the dashboard's utility and advantages.
      • The filters enable greater visibility into AR data. Filters sort data based on variables such as customer name, job, salesperson, and paid status. Drill-down capabilities provide for more thorough assessments of AR data and individual processes.
      • Summarized AR data can improve working capital management and cash flow forecasting, increase overall profitability, reduce customer credit risk, and enhance employee management.

      Top 10 reasons why you would need AR  Invoices By Service Analytics for your Organization

      • Analyzing accounts receivable by service can help identify which services are generating the most revenue and where collection efforts should be focused.
      • Offering discounts for early payment on certain services can incentivize customers to pay faster and improve cash flow for those services.
      • Monitoring and addressing customer disputes or issues promptly for certain services can reduce the likelihood of delayed payments and improve collections for those services.
      • Sales growth and seasonality can impact the level of receivables for different services and the timing of collections.
      • Analyzing customer payment history by service can help identify patterns and trends in collections performance for different services.
      • Analysis of historical trends in accounts receivable by service can help identify areas for improvement in collections processes for specific services.
      • Customer payment behavior can vary by service, and monitoring these trends can help identify potential issues with customer financial health for specific services.
      • Customer creditworthiness can vary by service, and monitoring credit risk by service can help reduce the risk of uncollectible receivables for specific services.
      • Analyzing accounts receivable by service can help identify opportunities for targeted collections efforts based on customer behavior and payment trends for specific services.
      • Effective communication with customers regarding payment terms and expectations for specific services can improve collections performance for those services.

      AR Invoice by Service Analytics short video tour