The Flat Fee Activity by Timekeeper report offers a comprehensive breakdown of flat fee entries linked to each timekeeper. This report is essential for tracking contributions by individual attorneys or staff and understanding their impact on the firm’s overall revenue generation.
Insights Expected from the Flat Fee Activity by Timekeeper Report
This report provides crucial insights into timekeeper performance and financial contributions:
Timekeeper-Specific Revenue: The report tracks flat fee activities by timekeeper, offering a clear view of how much revenue each individual contributes through flat fee billing.
Performance Assessment: Firms can analyze timekeepers' productivity by examining their flat fee entries, making it easier to identify high-performing individuals and ensure they are assigned to appropriate matters.
Billing Accuracy: The report helps ensure that all work is correctly billed by linking flat fee entries to specific timekeepers, preventing revenue leakage.
Compensation and Incentives: The data from this report can inform decisions on compensation structures, allowing firms to reward timekeepers based on their flat fee contributions.
Workload Management: Insights into timekeepers' flat fee entries help firms allocate tasks more efficiently, balance workloads, and maximize productivity.
To generate the Flat Fee Activity by Timekeeper report:
Navigate to the Dashboard
Click on Reports
Scroll down and choose 'Flat Fee Activity by Timekeeper.'
You can refine the details by applying various filters. The report can be exported for deeper analysis, allowing firms to monitor and manage flat fee entries at the timekeeper level, ensuring efficient billing and optimized performance across the team.
Explore this comprehensive guide for a deeper understanding of all features available in the reports interface.