Multi Matter Profitability Report

In this article:

• Brief Description  
• Use Cases  
• Finding and Using the Report  
• Available Filters
• Report Output 

Brief Description  

This report highlights how profitable a specific matter or multiple matters are. It compares incomes and expenses to provide a profit amount and gross profit percentage. It provides a financial snapshot of multiple legal matters / cases, enabling analysis of profitability, cost management, and operational efficiency. 

Use Cases  

Use this report to see the profitability of various matters as well as your organization as a whole.

Finding and Using the Report  

• In Actionstep, go to:
  • Reports > Accounting Reports > Matter Financial
  • Reports > Matter Reports > Matter Financial

Then, refer to these articles for help generating and saving reports for future use:

• Reporting Overview
• Generating a Report
• Saving a Report Configuration

Available Filters 

Basic Tab

• Matter: Click this drop-down list and select one or more matter you want included in the report. You can also search closed matters by selecting Show closed matters. Leave the field blank to search all matters. 
• Division: If you do not have more than one division, your company name will be displayed here. If you have more than one division, this option allows you to see matter profitability across multiple divisions. Click the drop-down to see your division options. 
• Period: To and from dates can be selected to narrow down the report results, you can use this filter to view the profitability of matters in a given month, year or any other period. 

Advanced Tab

• Current step: Select the workflow steps you want included in the matter.  
• Matter status: Select the matter statuses you want included in the report. (Leave this blank to show all matters regardless of status.) 
• Contact type: Select a specific contact/ participant type. 
• Contact: Select a contact or multiple contacts. 
• Show matter with no data: Toggle this option to on to include matters in the report that do not currently contain transactions.  
• Show transaction details: Toggle this option to on to add a detailed transactions table to the report that shows specific amounts affected by the matter's transactions. 

Report Output 

• Matter ID: Shows the unique reference of the matter. 
• Matter Name: Shows the matter name. 
• Step: Shows the step that the matter is currently on when the report is run. 
• Status: Shows the status the matter is currently assigned at the time the report is run (i.e., open, closed, inactive). 
• Income: Shows the amount of income that has been generated for the firm that is linked to that matter. This income will almost always be from bills you have issued to your clients but it is possible that any firm deposit, general journal, or any other accounting transactions that are coded to an income account and also the matter would change the amount displayed in this column. 
• COS/Expenses: Shows the value of the cost of sale and expenses that have been entered for the firm linked to this matter. These costs and expenses will most often be from firm withdrawals or supplier invoices but it is possible that any general journal or any other accounting transactions that are coded to a cost of sale account or expense account and also this matter would change the amount displayed in this column. 
• Profit: This column should show the amount in the income column less any amount in the COS/Expense column. 
• Gross Profit: Shows a calculated percentage of how much gross profit you are making on the matters selected (i.e., income vs. expenses). This shows you how profitable your matters are.