?MATCHING
A. A projected plan of income and expenses for a set period of time, usually a year.
B. ?Estimate of how many partners, associates, legal assistants, and others will bill for their time, what the appropriate rates of hourly charge should be, and the number of billable hours each timekeeper will be responsible for billing.
C. ?An interest-bearing account set up specifically to hold trust funds. The interest that accrues on an IOLTA account is given to a state bar foundation or other nonprofit legal organization for the good of the public.?
D. ?Procedures that an organization establishes to set up checks and balances so that no individual in the organization has exclusive control over any part of the accounting system.
E. ?Amount a firm actually receives in income as opposed to the amount it bills.
F. A mutual agreement to resolve a dispute on specified terms.
G. ?Estimate of how many employees will be hired or funded by the firm, what positions or capacities they will serve in, what positions will need to be added, what old positions will be deleted, and how much compensation each employee will receive.
H. System of adjusting downward the actual amount that will be billed to clients during the budget process, taking into account the fact that timekeepers are not always able to bill at their optimum levels.
I. Procedure that forces everyone in the organization to justify and explain his or her budget figures in depth without using prior years' figures as justification.
A. budget
B. income budget
C. Interest on Lawyers' Trust Account (IOLTA)
D. internal control
E. realization
F. settlement
G. staffing plan
H. time-to-billing percentage
I. zero-based budgeting system
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