This metric shows the ratio between the total amount in approved invoices and the value of all recorded billable and non-billable hours in the project.

Formula:

The percentage indicates how much of the recorded project time has been successfully billed and approved.

Displayed inside the circle below the percentage, this metric represents the total amount of approved invoices in the project currency.

Work that has been recorded and marked as billable but has not yet been invoiced to the client. In other words, this is work completed but not included in an approved client invoice.

Displayed in two views:

• In money – the value of billable hours not included in approved invoices.

• In hours – the actual number of billable hours not included in approved invoices.
  

The amount from approved invoices that remains unpaid by the client.

Represents client prepayments for the project that have not yet been “earned” by the law firm.

Shows the total project budget and the remaining available balance. The calculation is based on the value of billable hours recorded in the project.

Displays the total recorded time for the project, broken down into:

• Billable — hours (value) that can be invoiced to the client.

• Non-Billable — hours (value) that are not subject to invoicing.
  

Represents the total expenses recorded in the project.

• To monitor the financial status of each project and forecast revenue.

• To understand which part of the work has already been paid, which is pending invoicing, and which is non-billable.

• To plan within the project budget and control outstanding balances.
  

 

​Tip: Regularly review W.I.P. and Outstanding Balance to ensure timely invoicing and avoid the accumulation of unpaid invoices.