Understanding the dashboard
The Write Ons/Offs Dashboard is designed to offer you a comprehensive perspective on your firm’s Recoverability by summarising the Write Ons and Write Offs metrics. Furthermore, you can track the historical trends of your Write Ons/Offs alongside your Billing and WIP Invoiced data.
Why is it important?
The Write Ons/Offs Dashboard allows you to:
Maintain financial transparency and accountability within your firm. Tracking Write Ons/Offs ensures that financial adjustments are properly documented and justified.
Provide valuable data for strategic planning. It allows you to identify trends and patterns, enabling you to make informed decisions to increase recoverability.
Indicate workflow efficiency and employee performance. By analysing the reasons behind Write Ons/Offs, you can identify areas for process improvement and training needs.
Explore the Write Ons/Offs Dashboard by clicking through the interactive demo below!
Interactive demo
Dashboard FAQs
What is a Write On and how is it calculated?
A Write On is when you charge a client more than the original estimate for work. To calculate it, subtract the initial billable amount from the invoiced amount. If the invoice is higher, it's a Write On.
What are Write Offs and how are they calculated?
Write Offs occur when you bill less than the original estimate for work. To calculate, subtract the invoiced amount from the initial estimate. If the result is positive, it’s a Write Off.
How do Write Ons and Write Offs affect billing?
Write Ons and Write Offs impact your billing by changing the amount you charge clients. Write Ons increase your billing amount, while Write Offs decrease it.
What causes high WIP and low billing?
High WIP and low billing occur when you delay invoicing. Your WIP increases with unfinished tasks, but since you haven’t billed for them, your billing remains low.
How does my billing impact Recoverability?
Billing more than or equal to your WIP improves Recoverability because you’re getting back the full value of your work. Billing less than your WIP lowers Recoverability since you’re not covering all your costs.
How does WIP affect Recoverability?
Recoverability is influenced by the amount of WIP you have. Less WIP compared to what can be invoiced improves Recoverability. More WIP that can’t be billed lowers Recoverability.