2015-07: Iridium Technology and ILTA to Host Profitability Best Practices Webinar (Part 2) on July 29th

 In Current News

Iridium has taken profitability analysis and reporting capabilities to a level that law firms could previously only dream of! In part two of this product-agnostic series, we will focus on the expense side of the profitability equation. The session will cover a “start to finish” example of best practices for expense handling within a profitability implementation. Topics covered will include:

  • Loading expenses from multiple sources
  • Expense data validation issues
  • Handling residual GL calculations
  • Appropriate expense granularity in your profit cube
  • Best practices allocation methods and rules
  • Custom allocation methods
  • Handling Partner compensation/draws
  • Intra-office expenses
  • Should your profit cube expenses reconcile with your P&L expenses?
  • Expense adjustments for rainmakers
  • Expense assignments for part-time timekeepers
  • Exceptional expenses
  • Smoothing techniques for expenses
  • Working with multiple expense scenarios
  • How accurate are your allocated expenses?
  • Handling partner questions about your expense allocations
  • And more!

This session will take place July 29th at 9:00AM Pacific.

You can register for this webinar by clicking here.

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