Realization, WIP and capacity, without the spreadsheets. Practice Ledger gives managing partners and firm administrators the numbers they ask for every week.
Realization compares what you billed with what the work was worth at standard value. Practice Ledger shows it by client, by Client Service Partner and by billing model, so you can see where fees are slipping.
Engagement profitability covers every billing model, so fixed-fee and hybrid work is measured as clearly as hourly work.
The WIP report shows unbilled work by client, aged by its oldest unbilled work. Old WIP is harder to bill and harder to collect, so it should be the first thing you see.
Collections sit alongside it: aging bands, DSO, days to pay and collection rate.
The 13-week capacity view shows availability, assignments and gaps by person and department, so you can see a crunch coming.
Utilization is measured against each person's own target, not one number for everyone.
Realization and revenue by Client Service Partner are shown to firm leadership.
Each week the Action Center lists stale WIP, invoices more than 60 days past due, at-risk clients and idle capacity. Every action has a suggested owner until someone accepts it.
Consulting, engineering and agency firms share the same economics: time, rates, realization and capacity. Configurable wording for other industries is on the roadmap.
Book a demo and we'll walk through realization, WIP and capacity on a demo firm.