Managing billing isn’t just about issuing invoices—it’s about ensuring sustainable cash flow and profitability. Yet, most managers lack visibility into where money is stuck and which projects are actually profitable.
According to the Project Management Institute’s Pulse of the Profession 2021 report, 37% of projects still run over budget, with poor cost tracking being a major driver. Similarly, a Harvard Business Review analysis found that U.S. businesses lose £6 billion every day due to inaccurate timesheets
Two reports stand out as essential for smarter billing:
Invoice Aging Report
Project Profitability Report
1. Invoice Aging Report – Protecting Cash Flow
An invoice aging report categorises outstanding invoices by the length of time they’ve been due (0–30 days, 31–60, 61–90, 90+).
Why it matters for managers:
• Exposes late-paying clients early.
• Reduces revenue leakage by prompting timely follow-ups.
• Helps forecast collections and maintain smoother cash flow.
Revenue doesn’t always equal profit. A project profitability report connects labor hours, expenses, and billables to actual earned revenue.
Why it matters for managers:
• Flags projects draining resources or exceeding budgets.
• Identifies profitable clients and engagements.
• Guides smarter resource allocation and pricing.
How Quantim Helps
Instead of stitching data together from multiple spreadsheets, Quantim automates these two critical reports:
1.Invoice Aging Reports instantly see which clients are overdue and how long.
2. Project Profitability Reports track real-time costs vs. billed revenue, with drill-down into hours, resources, and expenses.
The result? Managers spend less time guessing and more time acting on reliable insights.
Conclusion
Smarter billing requires more than a good invoicing system—it requires visibility. The invoice aging report safeguards cash flow, while the project profitability report ensures every project contributes to the bottom line.
With Quantim, both reports are at your fingertips, helping teams bill faster, smarter, and with confidence.
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