We're excited to announce that the Date-based Time Reporting feature is now available for all practices on the Elite plan.
This feature introduces an Opening Balance option when creating reports using a Time View, reducing the amount of data returned to Excel while still supporting opening and closing balance calculations.
An updated WIP Control Master Template version is also available to download, which supports the Opening balance option and updated calculations.
What does this mean for FYI users?
This feature has been designed specifically for practices running a WIP Control report to assist with large data sets. However, this option is available when creating all reports that use a Time view.
- Defining Opening Balance periods: The Opening Balance option can be configured at a template level or when creating a report that supports Time views. When selected, users can define a date range using standard relative and fixed date filtering.
- Accurate period calculations: When an Opening Balance period is selected, fully invoiced time entries prior to the start date are excluded, while time entries within the period are included. Where necessary, entries from after the selected period are returned to identify time entries invoiced during the period, to support the reconciliation of out-of-balance items.
- Updated WIP Control 3.4 Master Template: A new WIP Control 3.4 Master Template version is available to download. Practices should download the new version here, which supports the date-based time reporting method, ensuring optimal results when the report is created.
- Clearer reporting with fixed date ranges: Defining an Opening Balance period restricts the date range and data returned in the report, meaning the report cannot be refreshed. To select a different opening balance period, practice should run a new report.
Who is this available for?
Date-based Time Reporting is available now to practices on the Elite plan.
Want to get started?
FYI Admins and users with permission to create Reports or create Templates can begin using the new functionality immediately.
Download the WIP Control 3.4 Master template and run the report using a Time view and select your Opening balance period. Refer to Creating Reports from Excel Report Templates and Managing FYI Excel Master Report Templates to get started.