The Multi Matter Profitability Report helps highlight how profitable a specific matter or multiple matters are. This report compares incomes and expenses to provide a profit amount and gross profit percentage.
Accessing the Report
To find the Multi Matter Profitability Report head to Reports > Matter Reports > select Multi Matter Profitability
Clicking on the star next to the report name will add that report to your favourites, making it easier to find in the future.
Before you generate the report, there are a number of filters you can apply to control what results the report will give you.
|Click on the drop-down menu. Here, you have two options: you can either search using the matter ID or choose from your recently accessed matters, and you can add multiple matters to the list. Additionally, you can search closed by ticking the box "show closed matters". This can also be left blank to display all matters.
|If you do not have more than one division, your company name will display 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.
|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.
|Click the drop-down menu, here you can select a specific step. With a step or multiple steps selected, the report will only display the results of matters that are currently on those steps. This can be left blank to show all.
|Here you can filter to display matters of a certain status or leave blank to show all matters regardless of status.
|This filter allows you to select a specific contact/ participant type.
|Using the drop-down menu you can select a contact or multiple contacts.
Show matter with no data - This can be selected to include matters in the report that do not currently contain transactions.
Show transaction details - Selecting this will add a detailed transactions table to the report. This table will show specific amounts affected by the matters transaction.
You have a range of output options for this report, including viewing it on screen, downloading it as a PDF, or saving it as a Microsoft Excel file.
Understanding the Report
The report generates 7 columns:
Matter ID: The unique reference of the matter.
Matter Name: The matter name.
Step: This is the step that the matter is currently on when the report is run.
Status: The status of the matter is currently assigned at the time the report is run, i.e. open, closed, inactive.
Income: 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 that you have issued to your clients but it is possible that any firm deposit, general journal or any other accounting transactions that is coded to an income account and also the matter would change the amount displayed in this column.
COS/Expenses: 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: The amount in this column should be the amount in the income column less any amount in the COS/Expense column.
Gross Profit: This column is calculated as a percentage showing how much gross profit you are making on the matters selected (i.e. income vs expenses). This shows you how profitable your matters are.
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