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Example: Professional practice · Halverson & Delacroix LLP Change example

Monthly management report · Sample

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Halverson & Delacroix LLP

April 2026Month and year-to-date resultsPrepared May 21, 2026

The analyst's lead note

Billable utilization slipped to 72% in April from 76% — two senior associates rolled off the Brightline engagement before the next matter staffed, leaving ~120 bench hours. At the blended rate that is ~$54K of unrealized revenue for the month.

April 2026: practice revenue $684 K, gross profit $417.2 K, operating result $86 K.

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Revenue

$684 K

2.6%vs Mar 26 36.6%vs Apr 25

Gross profit

$417.2 K

2.6%vs Mar 26 36.6%vs Apr 25

Operating expense

$331.2 K

0.9%vs Mar 26 11.0%vs Apr 25

Operating result

$86 K

10.0%vs Mar 26 1,091.1%vs Apr 25

Ending cash

$412 K

26.4%vs Mar 26 $343.6 K13-week low

4 figures confirmed 2 notes sent to you How this was checked

Revenue by closed month Mar 2025 – Apr 2026

$684 K

Cash: closed months and the next 13 weeks Closed months 13-week forecast Low point, week 3 · $343.6 K

Profit and loss

April 2026 against the prior month

Line	Apr 26	Mar 26	Change
Revenue	$684,000	$666,462	2.6%
Cost of revenue	$266,760	$259,920	2.6%
Gross profit	$417,240	$406,542	2.6%
Operating expense	$331,240	$328,360	0.9%
Operating profit/(loss)	$86,000	$78,182	10.0%

From Mar 26 to this month's operating result Mar 26 $78,182 Actual $86,000

Revenue +$17,538

Cost of revenue −$6,840

Operating expense −$2,880

YTD revenue$2,632,557

YTD direct costs$1,026,697

YTD OpEx$1,307,778

YTD result$298,082

How this was checked

Every money and percent figure in the AI-written notes is checked against the stored plan and actual values. A figure without a stored source, and a note the second AI disagreed with, comes to you instead of shipping.

5figures checked

4figures confirmed

2notes sent to you

Billable utilization (billable hours ÷ available hours) Sent to you

Billable utilization slipped to 72% in April from 76% — two senior associates rolled off the Brightline engagement before the next matter staffed, leaving ~120 bench hours. At the blended rate that is ~$54K of unrealized revenue for the month.

72% confirmed 76% confirmed $54K no stored source
Unbilled WIP days (unbilled work-in-process ÷ revenue × 365) Sent to you

Unbilled WIP grew to $298K — the Maritime arbitration matter has 33 days of work-in-progress not yet invoiced pending the monthly bill review. The worker treated it as normal cycle timing; the supervisor flagged the aging on this client, so it routed to your inbox to decide whether to bill interim.

The second AI disagreed — routed to you for the call
Realization rate (collected ÷ standard-rate value of work) Matched

Realization held at 91% vs the 89% plan — the new matter-level scope sign-off cut write-downs on the Halverson and Delacroix engagements, so more of the recorded hours billed at standard rate.

91% confirmed 89% confirmed

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Halverson & Delacroix LLP

Profit and loss

How this was checked

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Management report

Variance read

13-week cash

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Plan

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