The Write-Offs by Originating Timekeeper report provides a concise view of write-offs linked to the originating timekeepers responsible for client engagements. This report is valuable for tracking revenue adjustments associated with each timekeeper and supports effective financial oversight and strategic decision-making.
Insights Expected from the Write-Offs by Originating Timekeeper Report
This report offers essential insights to help law firms refine revenue-sharing practices and timekeeper performance assessments:
Write-Off Trends by Timekeeper: Identifies which originating timekeepers have higher write-offs associated with their matters, helping firms address potential billing or client-related issues.
Revenue Impact Analysis: Shows how write-offs affect each timekeeper’s revenue contributions, helping to assess the impact of these adjustments on overall firm profitability.
Compensation and Revenue Sharing: Provides accurate data on write-offs to inform equitable revenue-sharing structures and ensure compensation reflects the financial reality.
Timekeeper Performance Insights: Assists in evaluating originating Timekeepers' effectiveness in client selection and management, supporting performance reviews and training needs.
Strategic Client and Engagement Decisions: Helps determine if certain clients or types of matters are associated with higher write-offs, providing data for client engagement strategies.
To generate the Write-Offs by Originating Timekeeper report:
Navigate to the
Dashboard.Click on
Reports.Scroll to the
Invoicessection and chooseWrite-Offs by Originating Timekeeper.
You can refine the details by applying various filters. The report can be exported for additional analysis, enabling firms to manage revenue-sharing structures and improve timekeeper-client financial strategies.
Explore this comprehensive guide for a deeper understanding of all features available in the reports interface.