Finance > Financial Dashboard > Operations
Finance Dashboard in TEAMS, designed to provide clearer financial visibility and improved receivables tracking for your organisation.
The Operations Summary Tile has now been enhanced to display six key financial areas, including:
- Total Invoiced
- Payments Received
- Overdue Exposure
- Payments Due Today
- Payments Due Next 30 Days
- Tuition Arrears Ratio
Total Invoiced, the system uses the selected calendar date range and identifies all invoices who has the invoice date within that period while excluding cancelled and negative invoices. The Section then displays the total invoiced amount along with the tuition-only portion.
Each section now displays both the Total Amount and the Tuition Only Amount, whereas the total Invoice will include all the application fee, material fee, Admin fee and the etc and the tuition fee is calculated only using transactions with Fee Type = Tuition.
Payments Received, the system identifies all receipts within the selected date range and displays the amount. Also separately displays the tuition-only receipted amount.
Important: Both sections will pick the enrolments that are flagged as started and not started in TEAMS.
The total Invoices and total payment received sections depend on the calendar option, and changing the calendar range will update the amounts accordingly.
The Overdue Exposure section automatically identifies all unpaid invoices where the due date has passed and the invoice value is greater than $0.The dashboard also displays the tuition only overdue exposure amount for the enrolments that are flagged as started and not started in TEAMS.
Important: This tile do not include any cancelled or negative invoices in this amount.
Payments Due Today: displays all invoices due on the current date with values greater than $0, along with the corresponding tuition only amount, and will only pick the enrolments that are flagged as started. For the total tuition amount due, the system will pick them on the basis of the fee type = Tuition fee.
Payments Due Next 30 Days displays invoices due within the next 30 days from tomorrow and provides both the total amount due and the tuition-only amount.
Important: it includes the enrolments that are flagged as started and not started
The Tuition Arrears Ratio section introduces two financial calculations:
- Tuition Arrears Ratio %, which compares overdue tuition exposure against total invoiced tuition
- Adjusted Collections Risk %, which compares overdue tuition exposure against overdue tuition plus tuition due today.