The Transaction Report within the Billing Reports section has been revamped to center around monetary transactions. We've implemented several enhancements in this report. These improvements are designed to empower users with a deeper level of understanding when it comes to transactions.
Enhanced Transaction Report
Old Transaction Report
Categorizing Transactions
One significant update is the categorization of all types of transactions. All types of transactions are now sorted into specific categories. This change is a game-changer in terms of organization and transparency. This categorization makes it significantly easier to track and understand where your money is coming from.
Here are the new Categories.
Payments - claims, cash and check
Losses - credit card or ach returns and chargebacks
Refund - billing refunds
Pending - claims that doesn’t have transaction status update from the payment processor
Retail Payment - POS payments
Retail Refund - POS refunds
Visual Chart
Users now have the option to display their Transaction Summary Report in the form of visual charts. This addition offers a dynamic way to comprehend your financial picture or more intuitive analysis. The system will classify all transactions based on category.
This visual representation is particularly valuable for those who are more visually oriented or want to grasp financial insights at a glance. This is an optional view, simply click the dropdown arrow to either minimize or maximize the chart.
Just like the rest of the reports in the system, there is a button for Export to Excel.
Please check this demo video for more information.