The Practice revenue report can now be based on payments received (cash basis); previously the only option was invoiced amount (accrual). You can easily select your preference when generating your report!
You’ll notice a new field called Revenue based on:
Within that field, you can select either “Invoiced amount (accrual)” or “Payments received (cash-basis)”:
“Payments received (cash-basis)” will show revenue based on the sum of all payments that were allocated to invoices during this period.
If you select that filter, you’ll also see a list of all practitioners as well as the payments received for their invoices over the dates you’re running the report for:
If you select “Invoiced amount (accrual)”, your Practice revenue report will look the same as it always has!
This should be handy if your business runs on cash-basis accounting!