Two fields require data entry every time a new matter is created:
1. Estimated Billing Date: This field, when combined with the billing terms, displays an estimated date of when your cash flow is expected
2. Estimated Bill Amount: This field helps forecast the estimated revenues to be received
Completing these two fields, in conjunction with the other fields that typically comprise a Cash Flow report or UDQ, gives you a very quick and easy way to gain a forecast snapshot of your cash flow.
With the introduction of the new LawMaster Dashboards, ensuring the data quality of these fields will be imperative to running accurate Financial reports.