Practice revenue is the headline number: what the clinic earned over a period, and whether that's invoiced or collected. Read the definitions once, because the two differ.

What it shows

Practice revenue shows the same period two ways. Accrual (earned) is what was invoiced, dated by issue date, less promotions, write-offs and credit notes on invoices still open; a fully refunded invoice is excluded and its credit note shown under Refunds. Cash (received) is money applied to invoices, dated by when it was paid. The headline is revenue excluding tax, with the tax-inclusive invoiced figure beside it, the gap between invoiced and collected, and the collection rate.

Filters: a date range with the presets Today, Week, Month, Quarter and Year or a custom range, a location, compare with the previous period. It needs the financial reports permission, which Administrators and Bookkeepers have.

The Practice revenue report with Revenue excluding tax, Invoiced including tax, Applied to invoices, Gap, Collection rate and Refunds figures, a chart, and tables by date and by practitioner.
Practice revenue for the quarter: $13,159.00 earned, $10,206.00 received, a collection rate of 78 percent, with the day table below.

Reading it

Headline figures: Revenue (excl. tax), Invoiced (incl. tax), Applied to invoices, Gap, Collection rate, Refunds.

Columns: Date, Accrual (earned), Cash (received), Difference, Refunds, Practitioner, Accrual, Cash.

Acting on it

Give your accountant the accrual figure for the period and the cash figure for the bank. A growing gap means invoices are being raised but not paid; open Outstanding balances. The by-practitioner table is net, unlike the gross figures in Practitioner performance.