The Un-Invoiced Timesheet Summary Report provides a detailed overview of time entries that have been logged but not yet invoiced. This report is vital for law firms to track pending billable work, ensuring that no billable hours are overlooked in the invoicing process, thereby improving billing accuracy and maintaining healthy cash flow.
Insights Expected from the Un-Invoiced Timesheet Summary Report
This report offers critical insights that enhance a firm’s financial and billing operations, including:
Tracking Unbilled Hours: Monitor all time entries that have been logged but remain unbilled, ensuring that all work performed is captured and prepared for invoicing.
Client and Matter-Specific Analysis: Break down un-invoiced hours by client and matter to identify where the most unbilled work exists, helping to prioritize billing efforts.
Preventing Revenue Leakage: Regularly reviewing this report helps firms avoid missed billing opportunities, ensuring that no revenue is lost due to overlooked time entries.
Forecasting Revenue: By revealing the volume of un-invoiced work, the report helps firms forecast upcoming revenues and better plan for future cash flows.
Invoicing Efficiency: Spot potential delays in invoicing and address any bottlenecks in the billing process, improving overall financial management and transparency.
This report allows firms to stay on top of pending billable work, improving billing accuracy and enhancing cash flow by ensuring all time entries are eventually invoiced.
To generate the Un-Invoiced Timesheet Summary Report:
Log in to your Lawcus account and access the dashboard.
Go to the reports section.
Scroll down to the Time Entries section and select 'Un-Invoiced Timesheet Summary.'
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.