This new chart provides a projected full year forecast. It does this by collating actual financial amounts for staff members up until the end of the previous month and adding the budget figures for the staff member from the current month until the end of the financial year.
The total amount can be compared to the total budget amount for the financial year and provide an early indication of yearly target achievement.
It also provides a month by month view of performance against budget.
For more information on using the Staff Budgeting subsystem click here.
Designed for both the Firm or Fee Earner Dashboard, the budgets are displayed as a bar chart by month over the current financial year. The starting month is determined by the financial year start date setting in configuration.
Options are provided to switch between the different types of budgets held, Fees Billed, Fees Recorded and Fees Collected with the default being Fees Billed.
The callout for the each month shows the total for the three KPIs for the selected month.
A drill down is available from the total only and provides details of the underlying budgets by staff.
The RedView Team