Net Realization Report

The Net Realization Report is an analysis of actual versus billed dollars less credits and write offs during a specified invoice date range.  The report shows original and billed dollars, gross realization (difference between original and bill amount), credits and write offs and net realization (bill amount less credits and write offs).  The Net Realized Rate is the true billable rate you are charging after factoring in write ups/downs, credits and write offs.  The Credits and Write Offs columns factor in reversals.  This report can be a very important management tool for a firm as it gives you a true picture of the actual amount billed on matters.

SORT ORDERS
Client Name
Client-Matter Number
Responsible Attorney
Managing Attorney
Originating Attorney
Project Attorney
Type of Law
Department
Location
Working
 

OPTIONS
One or All of Sort Order Type
Fees Only or Fees and Disbursements
Invoice Date Range
Detail Level
    Client
    Client-Matter
    Client-Matter, Timekeeper
Include Inactive Timekeepers
Page Break on Group Change
Various Summary Options
Various Filter Options
    Client-Matter
    Responsible Attorney
    Managing Attorney
    Type of Law
    Department
    Working Attorney
    Staff Level
    Practice Group
    Location


EXPLANATION OF REPORT INFO/COLUMNS
Listed below are the columns on the Net Realization Report (in the order they appear on the report) and an explanation of what the value in each column represents.  This report includes billable time only (Matter set to Fee Arrangement of Hourly, Flat or Contingency).

Original Amount - the original value of billable dollars (Fees Only option) or billable dollars and disbursements (Fees and Disbursements option) billed during the report date range.

Billed Amount - the bill value of billable dollars (Fees Only option) or billable dollars and disbursements (Fees and Disbursements option) billed during the report date range.

Adjustment Amount - the difference between the Original Amount and Billed Amount columns.

Gross % - the percent of original dollars actually billed (Billed  Amount / Original Amount).

Gross Rate - the rate actually billed (Billed Amount of Fees  / Original Value of Billable Hours).

Write Offs - WO transactions applied to Fees Only or to Fees and Disbursements.  Reversals are factored in.  A positive value in this field indicates a reversal value greater than an application value.

Credits - CR transactions applied to Fees Only or to Fees and Disbursements.  Reversals are factored in.  A positive value in this field indicates a reversal value greater than an application value.

Net Value - the Billed Amount reduced by write offs and credits (if write off and credit values are positive, the net value will be greater than the Billed Amount).

Net % - the percent of Net Value to Original (Net Value / Original Amount)

Total Charge Offs - the difference between the Net Value and the Original Value

Net Rate - Net Value divided by Original Hours.


BALANCING TO OTHER REPORTS                    
If you run the Net Realization Report for fees only using a similar date range and choosing to include inactive Timekeepers, you can balance to the following reports:

Invoice Listing - Fees Billed

Timekeeper History - Value Billed

Timekeeper Productivity - Fees Billed, Actual Fees and Write Ups/Downs

Billing Realization - Original Amount, Billed Amount and Adjustment Amount

Billing Realization by Working Attorney - Original Amount, Bill Amount and Adjustment Amount