Recoverable time - chargeable time

Recover-ability is measured by the amount of high-recoverable time compared to low-recoverable time (or chargeable time).

High recoverability

By default a job is set to high recoverability. This means that the time is chargeable and it is likely that this time will be converted into an invoice and the invoice is likely to be paid.

Low recoverability

You may set a job to low recoverability when you do not expect the time allocated will be recoverable. For example, internal time allocated to the practice is is set to low recoverability.

Low recoverability date

The date on which a job changes from highly recoverable to lowly recoverable. If you enter time before this date it will be considered recoverable if you enter time on or after the date then it will not be considered recoverable.

An example of recoverability

Job "Crime not pay PL" has a low recoverable date of 1 July and job "Honesty always wins PL" has high recoverability.

Consider the following entries:

On 30 June John Smith enters the following time:

• 1 hour on ABC Practice internal staff development
• 1 hour on Crime not pay
• 2 hours on Honesty always wins
  
  Recoverability for 30 Jun is calculated at 75%.

On 1 July John Smith enters the following time:

• 1 hour on ABC Practice internal for attending an internal meeting
• 2 hour on Crime not pay *
• 1 hours on Honesty always wins
  
  Recoverability for 1 July is calculated at 25%.
  * Crime not pay is now low recoverable (non-chargeable)

Also see how to set a job to low recoverability.

The effects of low recoverability

When a job is set to low recoverability, it will show in the following places:

• The By Review: Time tab provides a percentage indicator to evaluate the amount of time a user has entered and the likelihood the time will be recovered.
• The By Review: Detail tab will show a red down arrow indicator showing the non-recoverable time
• The time may be filtered on the By Review: Detail tab so you can easily write off the time.
• The dashboard provides a monthly chart to track your practice recoverability
  
  https://insol6.app/en-AU/dashboard/recovery
  
  

Notes

• You may still post and bill non-recoverable time if you ultimately want to bill (or part bill come of the non-recoverable time)
• The system expects you to enter a chargeable amount against non-chargeable time. The time entry rate is is used for calculating and comparing productivity and employee capacity.