Financial Management
Invoicing & Financial Management
Invoices, receipts, debit and credit notes, estimates that convert, and dues that chase themselves.
See Invoicing & Financial Management at work
A walk-through of its main features. All 10 features and 70 reports are listed below.
What is in this module
Every report this module producesNamed and listed in full, with the question each one answers.
- 01
Financial Dashboard
27 reports in one dashboard, per billing organisation and consolidated: invoicing and receipts summary, segment-wise revenue, ageing of outstanding amounts, top 20 debtors.
Reports from this screenAll 27 from this screen
- Opening Balance
- Total Billing For The Year
- Total Collection For The Year
- Discount Allowed
- Credit Notes Issued
- Outstanding Before Advance Receipts
- Opening Fees Where The Bill Exists
- Opening Fees Where No Bill Exists
- Collection Against Those Billless Dues
- Billing And Debit Notes During The Year
- Direct Bills
- Collection Against This Year's Bills
- Collection Against Earlier Years' Bills
- Direct Receipts
- TDS Deducted By Clients
- Net Outstanding Before Advance Receipts
- Opening Advance Receipts
- Advance Receipts Taken This Year
- Advance Receipts Settled
- Net Outstanding After Advance Receipts
- Ageing Of Outstanding
- Top 20 Outstanding Clients
- Billing By Firm
- Collection By Firm, Cash And Bank
- Segment-Wise Revenue This Year
- Segment-Wise Revenue On Older Bills
- Advance Receipts By Client Group
Actions you can take from this screen
- 02
Create Invoice, Receipts, Debit / Credit Notes & Advance Receipts
Combine several tasks onto one invoice, raise an invoice with no task behind it, or collect in advance and issue a receipt. Debit and credit notes against any invoice — and save them into a batch and they send themselves, the batch built for you or by hand.
- 03
Create Service Estimate & Convert to Invoice
Raise a service estimate or proforma invoice and turn it into a tax invoice in a single click.
What you can do here
- 05
Auto Invoice Generation, After Review
Pick the work to bill and MyTask prepares a complete draft invoice for every job in it — date, amount, billing firm, bill number, narration and taxes. Nothing is raised until you have read it: change one line or every line, then issue thousands at once and download the lot as one PDF.
Reports from this screenSee them in the catalogue
Actions you can take from this screen
- 06
Email or Message Invoices to Clients
Send invoices straight from the bill register, by email or as a message. Pick one, or every bill a family group has — the request that used to mean half an hour of digging out PDFs takes a few clicks.
Reports from this screenSee them in the catalogue
- 07
Multiple Reports
Twelve billing reports, plus the three expense reports, each answering its own question — bill and receipt registers, summaries, net outstanding, free tasks, debit and credit notes, estimates, and the log of every auto-generated bill.
Reports from this screenAll 12 from this screen
Actions you can take from this screen
- 08
Unbilled Task Report
Every job in MyTask has to end up billed or marked free. The ones that are neither land in this report — with the hours already spent on them and what those hours cost, so revenue leaking out of the practice is a list you can work through rather than a suspicion.
Reports from this screenSee them in the catalogue
- 09
Auto Follow-up of Outstanding Dues
Save the group's contact number and let the software chase outstanding dues on the frequency and threshold amount you choose.
- 10
Segment Wise Revenue
Billing and collection split by segments you define, read from invoice narrations — so you can see what Income Tax, GST or Audit each brought in.
Reports from this screenSee them in the catalogue