Goodlawyer’s Platform
Monthly Closeout
How to mark your reporting closed for the month and ready to invoice.
Your monthly closeout is an essential step that streamlines your end-of-month tasks, ensures you get paid on time and your client receives a timely, accurate invoice. The process only takes you minutes, but it plays a big role in keeping your mandate running smoothly.
Monthly close-out should be completed within 3 days of the new month.
Why it Matters
We generate client invoices on the 5th of every month, but we only generate invoices for mandates that have been marked as closed. If you don’t complete your closeout, invoicing is delayed — and that means your payment is delayed too.
Closing out your month also helps your Account Manager keep tabs on mandate progress and flag any unusual patterns before they become problems.
What You Need To Do
Once you have finished adding your dockets for the month, select the “Close Month” button on the right of your mandate’s detail view (accessed by clicking on the mandate from your dashboard).
The monthly closeout flow will guide you through:
- Reviewing and confirming your total utilized hours (required)
- Sharing a report of your utilization with your client (optional)
- Submitting your monthly Action Report (optional)
- Adding any upcoming time-off into our system (optional)
- Updating your preferences for new fractional mandates (optional)
You will receive an email reminder on the 3rd if your month has not been closed.