“WhatConverts already tracks the value of each lead.”
It tracks what somebody entered. The invoice is the independent check on it.
For WhatConverts
Export your WhatConverts leads, match them against your invoices, and see where the recorded values and the real ones part company.
No API key Nothing to install in WhatConvertsNothing to install No card requiredNo card
WhatConverts sits on the lead side in CloseRev: it gathers calls, forms and chats into one lead file with a source on each, which is the most complete lead side a small business is likely to have. What it records about revenue is usually a value somebody typed against the lead, and matching the leads against real invoices tests whether those values were right. Revenue with no traceable lead is reported as Direct / Unknown.
Last checked against WhatConverts's own documentation on September 25, 2026.
The gap
Every lead has a quote value or a sale value on it, and nobody remembers who entered them or when.
What was sold, to whom, and for how much.
The click, the keyword, the call, and what each one cost.
The file
Three things carry the match: who, how much, and when. Anything else is optional and only changes how the report can be sliced.
On each lead, whatever captured it — the call, the form or the chat.
Where the lead came from, as captured at the time rather than reconstructed later.
When it arrived and whether it was a call, form or chat.
The value somebody entered. Kept as a separate column so it can be compared with the invoice rather than replacing it.
Step by step
Written for somebody with WhatConverts open in the next tab. Report names vary by edition, so each step says what to look for.
Calls, forms and chats together, one row each, with the contact detail, source and date.
They are what the report checks, so they must not be what it uses.
From the system that bills: customer contact detail, amount, date.
A person who calls twice and fills a form is one customer. The report matches on the person, not the event.
The join runs on the phone and the email, normalised, and the recorded value is set beside the invoiced one.
What comes back
Revenue by channel, the count of sales behind each figure, and an honest bucket for the ones nobody could trace. Sample figures, from the worked example on the Marketing Agencies page — not from a WhatConverts account.
| Channel | Share | Sales | Revenue |
|---|---|---|---|
| Google Ads | 61 | $186,400 | |
| Meta Ads | 48 | $93,200 | |
| Email marketing | 19 | $46,600 | |
| Direct / Unknown | 44 | $97,400 |
Unmatched sales stay in Direct / Unknown. They are never spread across the paid channels to make the total look better.
The argument
Lead tracking tools let a business record a quote or a sale value against each lead, and the reports that follow rank sources by those values.
The values are only as good as the person entering them, on the day they entered them. Some are estimates, some are the first quote, some are forgotten entirely.
Matching the leads against the invoices produces the real figure beside the recorded one, per source.
Where the two agree, the recorded values can be trusted for that source. Where they diverge, the report shows which way and by how much.
The divergence is rarely random. Sources whose leads are quoted large and invoiced small tend to be the price-sensitive ones, which is a finding in itself.
A prospective customer often calls, then fills in a form, then calls again from a different phone. A lead tracker records each as a lead, which is correct for its purpose.
For revenue, it overstates the channel: three leads, one customer, one invoice.
The report matches on the person, collapsing contacts that share a phone number or an email, so each customer is counted once and credited to the source that produced them first.
It also reports how many contacts the average customer made before buying, per source, which is a useful measure of how much convincing each channel's customers needed.
Agencies often run a lead tracker for their clients and report leads and recorded values as the result of their work.
Clients increasingly ask the obvious follow-up question: which of those leads became revenue.
The client's own invoices answer it. Exporting them and matching them against the tracker's lead file gives the agency a number the client can check against their own books.
That is a stronger report than any lead count, and it is also the one that survives a client asking whether the agency is grading its own work. It is harder to produce, which is part of why it is worth more.
A phone call is usually a person ready to talk about a job. A form might be a question. A chat might be a price check.
Pooled together, the lead count mixes them and the revenue per lead describes none of them.
Ranked separately by type and by source, the picture sharpens: a channel that produces mostly chats may look busy and produce little, while one producing few calls may produce most of the money.
The report keeps the type on every row for exactly that reason.
It also helps with staffing. If calls from one source convert and chats from the same source do not, the answer may be who answers the chat and how fast, rather than whether to keep paying for the source at all.
Fair questions
It tracks what somebody entered. The invoice is the independent check on it.
Then the check will agree, and you will have evidence rather than an assumption.
And the next question they ask is which leads became revenue. Their invoices answer it.
No. It reads a file you exported, so your tracking, recordings and account stay where they are.
The lead side, and an unusually complete one. Invoices from your billing system are the other half.
Every lead with its contact detail, source, type and date, plus invoices with amounts and dates.
They are compared with the invoiced amounts rather than used, so you can see where they held and where they did not.
Collapsed on the phone number or email, so one customer counts once and is credited to the source that produced them first.
No. They carry different intent and rank separately.
Yes, and it is where it matters most — the client's own invoices are the check they trust.
No, and they should not be exported. The contact detail, source and date are enough.
Long enough for the sale — days for urgent services, months for considered ones.
Any invoice with no matching lead. Its size is stated rather than distributed.
A contact detail, a source and a date on one side; a contact detail, an amount and a date on the other. No recordings, no transcripts, no chat content. Encrypted in transit and at rest and deleted with the import.
Invoiced revenue per source and lead type, the recorded value beside it, contacts per customer, and everything unmatched kept visible.
By trade
What the report looks like once the export is in, written for each one.
Other systems
Running more than one system, or comparing? The method is the same and the columns are not.
WhatConverts and the other product names and logos on this page belong to their owners and are shown to identify the software a file comes from. CloseRev is not affiliated with or endorsed by them, and connects to none of them: it reads a file you export.
Start today
Nothing to install in WhatConverts, no API key, and no need to have been tracking anything until now. Last year works as well as this month.