The adjustment to the fee transaction will show on the Summary of Hours Worked Report but only if you run the report for a date range that includes the original work date of the fee transaction.  Everything on the Summary of Hours Worked Report is based on fee transaction date.

You typically generate bills “this” month for time worked “last” month. For example, if you are currently billing clients for November time, your invoices will have a December invoice date.  If you write down a November fee transaction, that write down will only be reflected on the Summary of Hours Worked Report if you re-create the report for November 1 through November 30 OR if you run it for year-to-date. The Summary of Hours Worked Report gathers ALL data based on the actual date the fee was worked.  In the example above, if you ran the Summary Of Hours for December, the fee transaction in question would not be factored in at all because it was worked in November. The Billed column (and adjustment column) reflects the bill value/adjustment amount of any fee transaction WORKED during the date range, regardless of when it was billed.

If you run the Billing Realization Report for December, the write down will be reflected because that report pulls information based on invoice date – if a fee transaction was invoiced on a December dated invoice, it will show as an adjustment regardless of when the fee was worked (it could be 2 years old).