What Reports does CARET Legal Offer?

Are you looking to run reports based on the information you have entered into CARET Legal?

Then navigate to the Accounting section and click on the Reports tab.

 

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 - List of all Matters along with the Rate Cards assigned to them.
• Total Billing - Total 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 Origination/Responsible rates.
• Fee Allocation  - Detailed view of fees, soft costs and hard costs that have been collected by Matter and User.
• Split Payout - 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 collections 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 for time and amounts billed.
• Effective Rates - A listing of hours worked, fees collected and their effective rate.

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 Profit & Loss segmented by 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 - A listing of all write-offs.
• Firm Budgeting - A listing of current and previous budget amounts.

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 - Summary of un-billed Fees, Expenses, AR, unused Trust and Operating Retainers by Matter.
  
  

Vendor Reports

• AP Aging Summary - Outstanding payments to vendors grouped by aging period.
• Vendor Payments - Listing of payment totals made to Vendors and Contacts.
• Vendor Reimbursement - Listing of unpaid Vendor Bill Expenses that have been marked as billable.
• 1099 Reporting - Generate 1099-MISC and/or 1099-NEC documents for 1099-Required Vendors.

Custom Reports

Custom reports are available at an additional fee and can be created by working with our Professional Services team. If you have a custom report you would like to build, reach out to support@caretlegal.com

You can also begin building your own custom reports using CARET Analytics.

 

APX Reports

Lists all withdrawals or payments made to your bank account through APX for a time period.

• APX Disbursement Report - Allows firms to easily reconcile funds that were collected through APX and disbursed into their bank accounts.
  • Run to view a list of all withdrawals or payments made to your bank account through APX for a selected period.