The Write-Offs by Matter report delivers a concise overview of invoice write-offs associated with each matter. This report is essential for identifying financial adjustments at the matter level, allowing law firms to monitor concessions closely and track revenue impact.
Insights Expected from the Write-Offs by Matter Report
This report offers critical insights to help law firms enhance their financial management and oversight at the matter level:
Write-Off Trends by Matter: Identifies which matters have the most frequent or highest write-offs, helping firms detect patterns and address potential billing issues.
Matter Financial Health Analysis: Aids in assessing financial adjustments made for specific matters, which can be helpful for client management and engagement decisions.
Revenue Impact Monitoring: Enables a better understanding of how write-offs affect matter profitability and revenue forecasts, helping with more accurate financial projections.
Matter Management Improvement: Highlights matters where billing may need adjustments or where additional oversight can reduce the need for write-offs.
Strategic Decision-Making: Informs strategies to optimize client agreements and refine matter management practices, contributing to overall firm profitability.
To generate the Write-Offs by Matter report:
Navigate to the Dashboard
Click on Reports
Scroll down and choose 'Write-Offs by Matter.'
You can refine the details by applying various filters. This report can be exported for further analysis, enabling firms to manage write-offs effectively and optimize revenue for each matter.
Explore this comprehensive guide for a deeper understanding of all features available in the reports interface.