Work velocity is how many jobs were completed and how much revenue they earned in the last seven days.
Why a week
Everything else in Accounting is measured in months or quarters, and for good reason — a month smooths out the noise that makes a week meaningless on its own.
A week is here for a different job: it is the only window short enough to act inside. A slow month is history by the time you can read it. A slow week is something you can still do something about, if you look on the Monday rather than at the month end.
Read it as a pair
The two numbers together say more than either alone.
Jobs up, revenue flat — more work at lower value. Sometimes a deliberate mix shift, often price drift. Read against average job value.
Jobs flat, revenue up — larger work at the same volume, which is the shape most service businesses are trying to achieve.
Both down — worth a look at the estimate list before assuming it is demand, because a quiet week of completions often follows a quiet fortnight of quoting.
Both up — good, and worth checking technician utilisation to see whether it is being absorbed by overtime.
What one week cannot tell you
A single week is noisy. Weather, holidays, one large job landing or slipping — any of these move it enough to look like a trend.
Compare against the same week in previous months, and treat two consecutive weeks in the same direction as the first real signal. Reacting to one week is how a business ends up changing something that was working.
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