NOTE: This feature is currently in testing, we’ll let you know when it is available
Our Insights Dashboard provides a summary of key metrics providing visibility over our most valuable insights to help you advise your clients and to support the productivity of your team and practice.
Value to your Practice
Save time – Get faster access to key client data included in our various dashboards in Precision. This dashboard will mean you don’t need to manually search through the different client areas in Precision to gain visibility over these valuable insights.
Visibility – You will be able to monitor 5 client metrics closely at a firm wide & client specific level. Plus you have the ability to click into the top-level data for a deeper look into the results. This will give you quick and easy access to key decision making.
Identifying problems – Spot errors before they become costly; the data visible will help to quickly identify areas that may require closer inspection at a client or practice level or both.
This dashboard contains 5 widgets listed and explained below:
- Average Health Score
- Flows due within 7 days
- Total Transaction in client
- Lock Date Activity
- Directors Loan Accounts
What you need to know:
- If you find a widget is taking a bit too long to load please refresh the page. This can take a few minutes depending on how much data the widget is processing.
Average Health Score
Each client in Precision displays a Health Score reflective of the data quality for that individual client.
The Insights Dashboard will reflect an average Health Score across ALL your clients on Precision.
From this widget you can click on
to see a list of your clients individual Health Scores along with Health Score performance in the past 30 days reflecting the change on a month on month basis.
Benefit to your Practice
This can help spot problematic clients and determine if there are any common issues you can address to improve the quality across all your clients. You could set an average Health Score that your Practice should aim to achieve to feel more confident on the data you are working with which will help with productivity gains.
Flows Due within 7 Days
This widget will provide you with visibility over the number of flows that are overdue, due within 7 days and upcoming (not yet due). Within these segments it will also identify those flows that have not started, in progress and in review. A complete overview of the workload for your team for the next 7 days which can help to identify if you team are behind schedule and if so what the workload is in case you need to reassign or assess capacity to get the work completed in time.
Click on
to see the breakdown of your flows in order to identify the clients and team members assigned.
Benefit to your Practice
Stay as efficient as you can by maintaining visibility and control over the workload, particularly in these remote working times. It can be challenging to keep on top of productivity and deadlines across a larger team. This widget can help by providing the visibility you need.
Total Transaction in Client
In this widget we show the total number of transactions by month over the previous six months across all clients, visually grouped by type of transaction.
Click on
to review a breakdown of the clients and their transaction volumes for Bank, Sales, Credit Note and Bill.
Benefit to your Practice
Provides you with insight into the volume of transactions across all your clients over a date range in the practice. This can then be used to understand the volume of work that the bookkeeping/accounting team will need to manage and therefore the pricing and resourcing that is linked to that workload.
Lock Date Activity
This widget will allow you to keep a close eye on lock dates in Xero & QuickBooks Online. This is important to ensure the the data is treated correctly in the correct periods avoiding time spent correcting data posted to filed periods.
Click on
to see a list of all clients by Accounting Software integration, Reporting Lock Date (Xero Only), Year End Lock Date (Xero & QuickBooks Online) and Last Companies House submission date.
Benefit to your Practice
Make sure all submitted financial data is locked to avoid the time-consuming task of ‘reworking’ data in an unlocked time period e.g. year-end submissions. This is time that can easily be avoided with a good review process for Lock Dates.
Directors Loan Accounts
The widget gives you visibility over our Directors Loan Account check by the number of non-configured clients, configured but not overdrawn and configured but overdrawn. Tracking DLAs is something that is underserved by accounting softwares providing you lack of visibility on a timely basis for this information to help support your client’s and their tax planning.
Click on
to review the clients and their status on configuration for this check. This information is shown by DLA Configured, Dividends configured, Dividends declared and what their Year End date is.
Benefit to your Practice
Identify clients that haven’t been configured to track their Director’s Loans. This will allow you to proactively engage with clients to discuss their overdrawn DLA’s to help them avoid penalties.