The Financial Summary tab displays a yearly financial summary comparing actual against budgeted by year for the matter. All of the fields also are totaled at the bottom for an overall matter financial summary comparing actual against budgeted. It includes the following financial fields:
Fees by Year and Total
Disbursements by Year and Totaled at bottom
YTD Received by Year and Totaled at bottom
YTD Approved by Year and Totaled at bottom
Current Budget by Year and Totaled at bottom
Original Budget by Year and Totaled at bottom
Forecast by Year and Totaled at bottom
Drill down to see any information about a Budget Year via the Law Manager Explorer
Launch into the Overall Budgets notebook for any of these years to edit information
This tab is read-only.
The Financial Summary tab is accessed by clicking on the tab in the binder section of the Matters, Litigation, Contracts, Investigations, or Matter Financials notebooks. The Financial Summary tab displays in tabular view as described below.
|
Field |
Description |
|
Year |
The year associated with the budget information. |
|
Fees |
The outstanding fees associated with the budget record. |
|
Disbursements |
The disbursements associated with the budget record. |
|
Actual |
The total actual outside invoices associated with the budget record. |
|
Budget |
The active matter budget for the year. |
|
Variance |
The difference between the actual and budgeted amount. |
|
% Variance |
The percentage difference between the actual and budgeted amounts. |
|
Internal Hours |
The total hours for the matter for the year. |
|
Internal Cost |
The total internal costs for the matter for the year. |
Note: LawManager tab records include fields containing audit and security information. For a detailed explanation of these fields, see Viewing Audit Fields and Security Information.