The Un-Invoiced Billable Hours by Client report offers a detailed overview of billable hours logged but not yet invoiced, organized by client. This report is crucial for law firms to keep track of pending billable time, manage unbilled work efficiently, and ensure no revenue is lost due to delayed invoicing.
Insights Expected from the Un-Invoiced Billable Hours by Client Report
This report provides law firms with critical insights, including:
Tracking Pending Billable Time: Monitor un-invoiced hours logged for each client, ensuring that no billable work is overlooked in the invoicing process.
Billing Cycle Management: Identify outstanding billable work to prevent delays in invoice generation, helping firms maintain a smooth and timely billing cycle.
Cash Flow Optimization: By tracking unbilled hours, firms can improve cash flow management, ensuring faster billing and revenue recognition.
Prioritization of Invoicing: Identify which clients have the most unbilled hours, allowing firms to prioritize these clients for invoice generation and avoid potential cash flow gaps.
Financial Forecasting: The report clearly shows unbilled revenue in the pipeline, helping firms with more accurate financial forecasting and planning.
Client Communication: Use the report to inform clients about pending billable work, ensuring transparency and improving client relationships.
Regular review of un-invoiced hours allows law firms to streamline their billing processes, minimize delays, and enhance overall financial management.
To generate the Un-Invoiced Billable Hours by Client report:
Navigate to the Dashboard
Click on Reports
You can just scroll down to the Timesheet section and select 'Un-Invoiced Billable Hours by Client.'
You can refine the details by applying various filters. Additionally, the report can be exported for further analysis, allowing for enhanced data manipulation and insights.
Explore this comprehensive guide for a deeper understanding of all features available in the reports interface.