Reconciling AR & WIPs month to month

A exercise my managing partner does is take the AR & WIP at the end of month 1, add fees of month 2, subtract the payments from month 2, then compare it to the AR & WIP from the end of month 2.  Of course they never match.  I add expenses, subtract write offs and dropped time, but I'm still off by quite a bit.  What other things should I be looking at?

Thanks

Chris

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  • 0
    A/R + WIP is known in Timeslips as the Aged Client Investment. I.e., how "invested" in this matter are you? You will find the report under Reports, Clients tab.

    What (as exactly as possible) do you mean above when you say "add fees of month 2?" What number/value are you adding?

    More importantly, what does your managing partner think this tells him/her?
Reply
  • 0
    A/R + WIP is known in Timeslips as the Aged Client Investment. I.e., how "invested" in this matter are you? You will find the report under Reports, Clients tab.

    What (as exactly as possible) do you mean above when you say "add fees of month 2?" What number/value are you adding?

    More importantly, what does your managing partner think this tells him/her?
Children