What's New - September 18, 2023

Multi-office client profitability reporting, new User Access Group option for expense proxies, supplier payment terms on purchase orders

Featured update: Multi-office client profitability reporting 

What changed?

The Client Profitability report has been updated to ensure that offices without direct labor costs are included in the allocation of indirect overhead costs.  

Global agencies also now have the option to use Consolidated Exchange Rates when combining offices into one view.

Why does it matter? 

When you have offices that are supporting the organization but not specific clients those office costs are still considered overhead. By having the option to include these offices, you get a more accurate picture of the true cost of servicing a client.

With the addition of Consolidated Exchange Rates, global agencies now have a common reporting currency to use across their financial statements and their client profitability reports. 

How does it work? 

To learn more, see Consolidated Client Profitability Reporting

Fix: Direct Overhead Details on Client Profitability Report

The issue

With the release of employee-level details (September 3 release), we inadvertently omitted direct overhead details on the Excel version of the report. 

The impact

This was a temporary glitch and only impacted the Excel version.  The PDF format included the direct overhead details. 

The fix

With this release, both direct labor details (with employee breakout) and direct overhead details are included on the Excel export when using the 'Detail' Report Format. 

Other Enhancements

Show employee bank account details to expense claim proxies

A new User Access Group transaction called 'Expense Claim Proxy Bank Account' is now available to control whether or not an expense claim proxy should have access to manage the employee's bank account details. 

This is set to 'No' by default. Prior to this release, all expense claim proxies had access to an employee's bank account details. 

For Agency Administrators:

See Expense Claim Proxies and User Access Groups for details on setting up expense claim proxies and enabling this new access control. 

Show supplier payment terms on PO

A new Setup option is available for agencies who want to include the payment terms on the Supplier record on all Purchase Orders.  The payment terms can be overridden at the PO level.  Use PO header notes to supplement this information. 

To enable this option, navigate to Set Up Files>Setup Options and scroll down to Purchase Order Options.  Check the box next to 'Display Payment Terms on Purchase Orders'.

For a step-by-step on how to enable this option, click Payments terms in purchase order.