Add-Ons – extra things you billed to your client.
Backlog – the Gross Fee minus the Earned Value. This is how much work is left to be completed.
Billing Rate – the amount per hour that will be charged if the time will be billed hourly.
Billing Value – Hours times Billing Rate
Cash Profits – Income minus the lines shown between Income and Cash Profits under By The Numbers.
Discounts – reductions on invoices.
Earned Value – this is the amount of the fees that have been earned based on work completed.
Expenses – the total cost of direct expenses.
Expenses Billed – the total amount of expenses that have been billed.
Fees Billed – how much of the contract fees you have billed to date.
Gross Fee – the total fee amount you will be billing to your client. (Contracted Fees, Fees, Contract Amount)
Income – how much you have received from your client.
Income Due – the current balance due on open project invoices.
Labor – total cost of your direct labor. (Direct Labor)
Labor Burden – Labor plus Overhead.
Net Income Due – what the client owes you less what you owe to your consultants.
Net Fee – the Gross Fee minus any consultant fees. This is the amount of the fee your firm will get to keep.
Overhead – Labor times your overhead factor.
Pass-Thrus Billed – the total amount of consultant Pass-Thrus billed.
Payouts – amounts paid to consultants.
PWP Liability (Pay When Paid) – These are amounts earmarked for consultants based on what has been invoiced.
Projected Billings – what the system believes you will bill on your next invoicing cycle. This is the sum of your WIP plus unbilled expenses and unbilled consultant Pass-Thrus.
Remainder – the fee amount that has not yet been invoiced.
WIP (Work In Progress) – this is your Earned Value minus fees you have invoiced.