The Billings Report is a powerful management tool for monitoring productivity and profitability. For each lawyer, it will show how much work has been recorded but not billed, the amount billed, and the amount billed and paid. The report is built in a modular format so that the user can choose from a number of options to customize the report to suit the reporting situation.
This report details how time charges are distributed among different personnel. All lawyers, their hours, fees billed, fees billed as a percentage of total billings, and the average hourly fees for the period specified are displayed as Work-in-Progress. This report can be expanded to include the Accounts Receivable invoices that have been Billed as at this date. A list of Accounts Receivable invoices that have been Billed and Paid as at this date can also be included in this report.
Here is a description of the various categories of information displayed on the Billings Report:
1. Time Activities - Billable (Including Billed): All time slips dated in the given period. 2. Time Activities - Non-Billable: All non-billable time slips dated in the given period. 3. Time Activities - Already Billed: All time slips invoiced in the given period. 4. Disbursements - Billable (Including Billed): All cost slips dated in the given period. 5. Disbursements - Non-Billable: All non-billable cost slips dated in the given period. 6. Disbursements - Already Billed: All cost slips invoiced in the given period. 7. Account Receivable - Fees Billed: All time slips and A/R invoice Fees (GL 4000-4499) invoiced in a given period.
Billings Invoice List
This report will detail all invoices that are represented in the Billings Report for Accounts Receivable and Accounts Receivable paid. For each lawyer, this report shows the matter number, invoice number, date, hours, fees and profit for every invoice within the search list. The Billings Invoice List also indicates which invoices have been fully paid.
Individual or all lawyers can break their Total Billings and Total Billed & Paid down for each matter to view their hours, fees and profit as at a particular date.
Billings Report to Columns
This report will show you:
T&B Billable (Unbilled) - slips entered in the date range currently sitting as unbilled T&B Billable (Billed) - slips entered in the date range currently sitting as billed T&B Billed - slips billed in the date range. This means the invoice date is in the date range. It may include slips entered outside the date range. A/R - Fees Billed - Total Fees Billed in the date range. Total Fees Paid in the date range (receipts that came in the door).