What Reports Does CARET Legal Offer?
Are you looking to run reports based on the information you have entered into CARET Legal? If you go to the Accounting section you will notice the tab labeled Reports. They are broken down into the following sections:
Client Reports
- AR Aging Summary - The total amount of unpaid invoices grouped by Client, Matter, are various levels of delinquency.
- Statement of Account - List of invoices and payments for a particular Client or Matter.
- Sales Tax - Shows information about sales tax amounts collected for a particular duration.
- Client Payments - A listing of all payments from Clients.
- Matter Rate Card Report - A list of Matters along with the Rate Cards Assigned to them.
- Total Billing Report - A list of the Fees and Expenses billed by Matter.
Compensation Reports
- Referral - Realized and unrealized revenues from Matters introduced by specific referral sources.
- Originating Attorney - Realized and unrealized revenues from Matters, grouped by Originating Attorney.
- Split Compensation - Detailed view of fees split by matter Originator/Responsible rates. These splits are create in the Matter options under "Advanced Originations."
- Fee Allocation Report - Detailed view of Fees, Soft Costs, Hard Costs and Tax collected by Matter and User.
- Split Payout Report - Payout Amounts grouped by Matter and Users.
Productivity Reports
- Work In Progress - Summary of un-billed fees and disbursements.
- Timekeeper Productivity - Review billable hours and realization rate by Timekeeper.
- Flat Fee Productivity - Review hours worked and collects for Flat Fee Matters.
- Billable Hours Recap - Daily, Weekly and Monthly view of Billable and Non-Billable Time Entries by Timekeeper.
- Billed and Collected - Billed and Collected fees grouped by User, Practice Area or Location.
- Timekeeper Goals - Track Timekeeper Goals (set up in Firm Settings) for time and amounts billed.
- Effective Rates Report - A listing by user of hours worked, fees collected and their effective rate for that time period.
Accounting Reports
- General Ledger - A complete record of transactions, grouped by accounts.
- Profit & Loss - Also known as an Income Statement, shows your total income and expenses over a period of time.
- Profit & Loss by Location - View income statement broken down for each location.
- Balance Sheet - A statement of the assets, liabilities, and capital at a particular point in time.
- Trial Balance - A listing of the last balances for each account as of a particular date.
- Chart of Accounts - A listing of all accounts used in the general ledger.
- Account Reconciliation - A listing of all reconciliations.
- Write Off Report - A listing of all Invoices that have a write off.
- Firm Budgeting - All current and previous budgets. Create new budgets from here for each account by month, quarter or year.
Trust Reports
- Three-way Reconciliation - Confirm that your bank balance, book balance and the sum of trust balances are in check.
- Trust Account Ledger Summary - Listing of all trust balances within each trust bank account.
- WIP-AR-Trust Report - Summary of un-billed Fees, Expenses, AR, unused Trust and Operating Retainers by Matter.
Vendor Reports
- AP Aging Summary - Outstanding payments owed to vendors grouped by aging period.
- Vendor Payments - A listing of payment totals made to Vendors and Contacts.
- Vendor Reimbursement Report - Listing of all billable vendor expenses, with the amount that has been reimbursed by the client as well as how much the firm still owes on the bill.
- 1099 Reporting - Generate 1099's for vendors that can be printed onto blank forms.
We now offer custom reports that can be created for a fee with the assistance of our professional services team.
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