Financial Metrics glossary
Browse the site's published reference terms and opted-in content.
5 entries in this view.
B
Budget UsedGlossary term
The share of a job's agreed time budget consumed so far, tracked across all open jobs to flag work that's running over.
D
Days Outstanding (A/R)Glossary term
The average number of days it takes to collect payment after invoicing, tracked across the firm's accounts receivable.
R
Realization RateGlossary term
The percentage of billable time actually collected as revenue, after write-ups and write-downs, measured firm-wide over a set period.
W
WIP (Work in Progress)Glossary term
Billable work that has been completed but not yet invoiced. Tracked by age (e.g. "over 60 days") to spot billing that's falling behind.
Write-up and Write-downGlossary term
Adjustments made at billing time that increase (write-up) or decrease (write-down) the invoiced amount relative to time logged, recorded per job so the realization figure reflects what was actually billed.