Firm Management

The Firm Management report shows the firm’s productivity, summarizing current and prior PTD/RTD for WIP and AR activity that can be reviewed by management.

Permissions Required for this Report

In the staff profile, staff must be assigned to a security group that is granted View functional rights for the following:

• Security group profile > Functional rights > Reports > Shared Library > Shared Views
• Security group profile > Functional rights > Reports > Firm Library > Custom
• Security group profile > Functional rights > Reports > Firm Library > Standard > Firm
• Security group profile > Functional rights > Reports > Firm Library > Standard > Practice
• Security group profile > Functional rights > Reports > Firm Library > <report name>

Reports in Foundation that are Comparable

In Practice Management, the comparable report is the Firm Management report. In Practice Advantage, the comparable report is the General Ledger report.

Note: Unlike the Practice Management version of this report, zero WIP amounts which have been invoiced are included.

Report Specifications

The following report options and filters are available to determine the report contents.

Options and Settings
Option	Setting	Description
Select to Include Transactions Using...	List	Determines the type of date to include for PTD or RTD results. The options are Transaction Date and Accounting Period Date.
Hide Commas	Yes/No	Includes or excludes commas in numbers.
Hide Penny	Yes/No	Includes or excludes pennies in amounts.

Default Filters
Field Name	Operator	Value
PTD	Between	First Day of Quarter, Last Day of Quarter
RTD	Between	First Day of Current Fiscal Period, Last Day of Current Fiscal Period

Notes:

• The PTD (period to date) fields may display values for a more limited period, such as a month or a quarter. The RTD (range to date) fields display values for a longer time span, such as a fiscal or calendar year. The date values entered for PTD must be within the RTD date values.
• If you remove the PTD and RTD fields and later decide they should be selected, use Reset Defaults to add these fields. If you manually add these fields, the logic statement used between the fields is AND instead of OR, causing inaccurate reporting data.

Optional Filters
Available Fields
Business Code	Client Office	Primary Partner
Client	Client Primary Service Type	PTD
Client – Principal	Client Region	Return Group
Client Bill Manager	Client Sub-ID	RTD
Client Business Unit	Client Type	Tax Type
Client ID	Financial Reporting Client Group
Client ID.Sub ID	Line of Business
Client Name	Manager

Note: The Manager and Primary Partner field names are the default values defined for client responsible staff. The first ten client responsible staff List values that are defined by your firm are available field options.

Grouping
Available Fields
Business Code	Client Name	Line of Business
Client	Client Office	Manager
Client – Principal	Client Primary Service Type	Primary Partner
Client Bill Manager	Client Region	Return Group
Client Business Unit	Client Sub ID	Sort Name
Client ID	Client Type	Tax Type
Client ID.Sub ID	Financial Reporting Client Group

Note: The Manager and Primary Partner field names are the default values defined for client responsible staff. The first ten client responsible staff List values that are defined by your firm are available field options.

Sorting
There are no sorting options for this report.

Report Fields

The following fields are available for this report. The fields that display and the position of fields are based on the report's settings, grouping, sorting, and filters.

Report Fields
Field	Description
Current Period	The date range selected for the current period.
Current Range	The date range selected for the current range.
Prior Period	The date range selected for the prior period.
Prior Range	The date range selected for the prior range.
Time	All billable time entered during the date range selected.
Expenses	All billable expenses entered during the date range selected.
Billable Hours	The total billable hours entered during the date range selected.
Nonbillable Hours	The total nonbillable hours entered during the date range selected.
Hours Billed	The total hours on posted invoices for the date range selected.
Billed Amounts	The total WIP amount on posted invoices for the date range selected.
Write Up/Down	The net write up/down on the WIP billed on posted invoices during the date range selected.
Invoice Amounts	The billed amount +/- write up/down (progress is not included in this calculation).
Real %	The calculation of billed amount + write up/down divided by billed amounts.
Cost	The total staff cost amount on posted invoices for the date range selected.
Invoice Margin	The calculation of invoice amounts – cost.
A/R Sales Tax	The total sales tax amount on posted invoices for the date range selected.
A/R Finance Charges	The total finance charges billed and posted.
A/R Adjustments	The net total of all receivable adjustments, including debit memo, credit memo, debit adjustment, credit adjustment, miscellaneous charges, and handling fees. AR write offs, payments, finance charges and sales tax amounts are not included.
A/R Write Offs	The total of all write offs for the date range selected.
A/R Payments	The net total of all payments received and posted during the date range selected, regardless of the distribution status.

Firm Management Sample Report