Your Contractpedia dashboard quickly gives you valuable information in a simple way. It presents the current status of your finances. To go to the Dashboard select the first item on the Navigation menu located on the left of your screen.
The view for each month contains: Total remaining obligation, Income and Expenses.
Total remaining obligation: The total of the remaining money that your company owes and is obliged to pay out as a result of contract commitments. On the Dashboard you are presented with a month-to-month report of your total remaining obligation. If you take a look, you will notice that this number is going down, as the months go by and you pay out the obligation.
Not all expenses are part of “Total remaining obligation”, only expense contracts with a Fixed period which means that you have an ongoing commitment. The No fixed period contracts are only in monthly Expenses. These would usually be pay-as-you-go services with no long-term commitment.
If you click on Total remaining obligation, you will see more details about your liabilities at this time.
Expenses: The total of all outgoing payments during a month for expense contracts. All expenses during this month are here, both contracts with a Fixed period and No fixed period.
If you click on Expenses, you will see more details about your expense-related contracts for the particular month.
Income: The total of the incoming payments during this month for income contracts. The income is not part of the “Total remaining obligation”, as income is about receivables.
If you click on Income, you will see more details about your contracts related to receivables for the particular month.
You will also see a notification in case there are any expiring contracts this month. However, this is the date of their expiration and in most cases notice should be given prior to that.