This portion of the daily XRay report shows you the invoices that have NOT been released to clients as of today. As is the case is all XRay reports, the figures estimated are broken into various components (detailed below).
WHY IS THIS IMPORTANT?
Invoices that are NOT sent to clients will NEVER be paid! If you wonder if an invoice has been sent to a client, you can confirm that, as well as every line-item detail on what was ON the invoice, and the amount of profit that you will earn from each invoice line item.
Contr Margin – Contribution Margin (Revenue less direct costs) for each company, each invoice, and each line item of each invoice sent out this month.
Revenue – Sales revenue for each company, each invoice, and each line item of each invoice sent out this month.
Cost – Direct costs accrued for each company, each invoice, and each line item of each invoice sent out this month.
EHR – Effective Hourly Rate on this invoice, including both Fully Managed hours and T&M hours.
“Description of this Product” – The exact description of each line item on every invoice you’ve sent out this month.
T&M Rev $ – Amount of “time-and-material” revenue.
T&M Hours – Amount of hours spent providing “time-and-material” services.
T&M EHR – Effective Hourly Rate of “time-and-materials” services this month.