In Sage Coretime, recovery is an index of the company's effectiveness.
It indicates the difference between what was billed and what could have been billed.
Sage Coretime offers a range of Recovery reports.
The following example shows how the recovery formulae ("by time" and "by value") apply.
Project: Consultancy
|
NAME |
Hours |
€ |
|
John Smyth |
12:00 |
1,200.00 |
|
Joe Kowalski |
4:00 |
200.00 |
|
Mary Tynan |
6:00 |
600.00 |
|
Total |
2,000.00 |
|
|
Invoiced |
1,500.00 |
|
|
Loss Realised |
500.00 |
The staff recovery can be allocated "by time" or "by value":
John Smyth performed 12 hours of the total of 22 hours recorded for this Project. So he is allocated 54.54% of the loss realised
54.54% x 500 = 272.73
|
Value of Time |
Billed |
Recovery |
|
|
John Smyth |
1,200.00 |
927.27
|
77.27% |
John Smyth is associated with 60% of the time tagged against the Invoice:
1,200 / 2,000
Thus he will be allocated 60% of the loss realised:
60% x 500 = 300
|
Value of Time |
Billed |
Recovery |
|
|
John Smyth |
1200.00 |
900.00 |
75% |