Retainer Report
Stay on top of spending vs billing on retainers, no matter how many jobs the work is spread across. Set up your retainer jobs in the way that they are easiest to manage, without worrying about the reporting. And find out how much of your revenue is retainer work.
Highlights
- Report on a group of Streamtime jobs as a single retainer.
- Monitor spending vs income on each retainer month by month.
- Catch over servicing on retainers no matter how many jobs the work is spread across.
- Set a KPI to increase the % of retainer business vs your total revenue.
Define retainer work
There are a couple of different ways to configure retainer jobs in Streamtime. Small retainers are easily managed in a single job for the entire year. Larger retainers are often managed with a separate job each month or even a master job for billing and dozens of smaller project jobs for the actual work. You have to choose the setup that best suits the daily operations. But this may make reporting on your retainer hard. Well, not anymore: wayahead allows you to group retainer data spread over multiple jobs and report on retainer movements (spending and income) in a clear overview, so you always know if you are over servicing a retainer client or not.
Wallet
wayahead presents a retainer like a virtual wallet, where you can see how much is deposited into it and how much is taken out with every time entry made and every expense booked in the retainer. That way you always know exactly how much money the client still owes you or how much time you owe the client.
