The Un-Invoiced Billable Hours by Matter report provides a detailed overview of billable hours worked on specific matters but not yet invoiced to clients. This report is critical for law firms to track potential revenue and ensure that no billable time is missed during the invoicing process.
Insights Expected from the Un-Invoiced Billable Hours by Matter Report
This report offers valuable insights into un-invoiced billable work, helping firms maintain control over their revenue cycle:
Tracking Unbilled Time: Monitor un-invoiced hours for each matter to ensure that all billable time is accounted for and properly invoiced.
Revenue Optimization: By identifying pending billable hours, law firms can prevent delays in invoicing, improving revenue recovery for each matter.
Billing Cycle Efficiency: Ensure timely invoicing by addressing unbilled work, streamlining the billing process, and maintaining cash flow consistency.
Maximizing Fee Recovery: Avoid missed billing opportunities by regularly reviewing this report to ensure that no billable hours are overlooked, maximizing fee recovery for every matter.
Matter-Specific Financial Insights: Track the amount of billable work that still needs to be invoiced to gain visibility into the financial status of each legal matter.
Using this report, law firms can improve their financial tracking at the matter level, ensuring all work performed is billed promptly.
To generate the Un-Invoiced Billable Hours by Matter report:
Log in to your Lawcus account and access the dashboard.
Head to the reports section.
Scroll down to the Timesheet section and choose 'Un-Invoiced Billable Hours by Matter.'
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.