MoraeSpend Intelligence
Financial Services edition

Month-end accrual · September close

Firm-reported WIP plus predicted unbilled work from phase forecasts · last quarter's firm-only accrual under-stated the actual
Due 5 OctSend to finance
$58.6M
Proposed accrual
selected firms
$39.1M
Firm-reported WIP · 27 of 31 firms responded
$19.5M
Predicted unbilled · from phase burn and cycle models
6%
Accrual vs actual error, trailing 3 months
was 31% firm-only
By firm
Untick to exclude a firm pending its response
FirmReported WIPPredicted unbilledProposed accrualStatus
Firm J$7,400,000$4,100,000$11,500,000Firm reported 25 Sep
Firm K$8,900,000$5,200,000$14,100,000Firm reported 25 Sep
Firm L$4,100,000$1,900,000$6,000,000Firm reported 25 Sep
Firm M$3,800,000$1,700,000$5,500,000Firm reported 25 Sep
Firm N$4,400,000$2,000,000$6,400,000Firm reported 25 Sep
Firm P$6,100,000$2,600,000$8,700,000Firm reported 25 Sep
Legal-tech vendors (4)$2,300,000$1,100,000$3,400,000Firm reported 25 Sep
Firms Q–Z (10)$2,100,000$900,000$3,000,000Reminder sent