WIP Lifecycle Overview

Work in Progress or WIP is billable time and disbursements relating to a matter that have not yet been billed on a client invoice. It is work that is already completed, or expenses already incurred, but it is in the process of being billed. WIP is converted into an accounts receivable once the bill is issued to the client.

Managing WIP is one of the most important processes for any law firm. MatterX provides the functionality needed for a well established WIP to Billing process.

Time to Payment Overview

Record and charge billable and non-billable time spent on a matter by a Person Resource using Time Entries. Once posted, Time Entries are converted to WIP.

Time WIP is reviewed and finalised ready for invoicing. There is an opportunity to do final edits before a Sales Invoice is Posted.

Once posted, the Sales Invoice can be sent to the client for payment.

Soft Disbursement to Payment Overview

Track and charge expenses incurred internally for the client using Soft Disbursement Resources in a matter with the Disbursement Journal. Once saved, Soft Disbursements appear on the WIP Entries table.

Soft Disbursement WIP is reviewed and finalised ready for invoicing. There is an opportunity to do final edits before a Sales Invoice is Posted.

Once posted, the Sales Invoice can be sent to the client for payment.

Hard Disbursement to Payment Overview

Track and charge expenses incurred and paid on behalf of the client as Hard Disbursement Resources by creating a Purchase Invoice. Once saved and posted, Hard Disbursements appear on the WIP Entries table.

Hard Disbursement WIP is reviewed and finalised ready for client invoicing. There is an opportunity to do final edits before a Sales Invoice is Posted.

Once posted, the Sales Invoice can be sent to the client for payment.