When it comes is legal accounting, law firms have their own specific requirements. If you’re in the legal industry, it’s vital that you choose accounting software that helps your law firm work smoother and more efficiently.
Law firms have to manage many different types of clients at the same time. Some will be on retainer, others on fixed fees. Transactional charges and hourly rates will be used for some types of work.
One of the hardest aspects of running a law firm is often not the legal work. It’s keeping track of time and then billing for it.
Doing this manually quickly becomes complicated. Online accounting software for law firms automates and streamlines the work for you.
Free initial discussion and quote
We can provide full in house training on the new system, giving your team the confidence and skills needed.
We make projects as smooth as possible. You will have our expertise and management every step of the way.
Legal practice billing efficiency
Legal accounting software provides reliable information for confident business decision-making and our system saves you time and allows for enhanced accuracy. It is fully compliant with the solicitor’s accounts rules and the legal accounts package is regularly updated in line with current legislation. The software is flexible, customisable and secure.
Legal accounts software can be a completely integrated, using the same database as the matter management system you use. This avoids the need for posting and re-posting between one system and another and making costly mistakes
All accounts information is available to you in real-time allowing you to view reports immediately and determine the overall health of your practice as well as individual client matters.
Reporting and notifications allow clerks to identify debit balances, case files where fees can be recovered and easily navigate to case files with Client Debit balances.
Other benefits of having legal accounting software include:
· Accurate trust accounting
Save time reconciling trust accounts with software that easily integrates.
· Bank reconciliation
Connect to your bank account and get your bank statements imported and categorised automatically.
· Cash flow
Get a real-time view of your business financials with our convenient dashboard.
· Expense claims
It’s simple and quick to manage personal expenses. Create claims at work, home or on the go.
Create customised recurring invoices – and know when they’re opened.
Enjoy batch payments and the speed of snapping photos of receipts for expensing.
There are too many instances of small law practices operating outdated and ineffective tools for their legal accounting needs. If you are one of them, you could be putting your firm at a significant disadvantage. Inadequate legal accounting software can lead to unnecessary amounts of time spent on accounting tasks, as well as a huge potential for increased billing errors.
Whether you are stuck in the stone-age of paper systems or using accounting software that is not tailored to the practice of law, it is time that you make the change to a must have effective and efficient legal accounting tool.
How to get in contact
For a free initial discussion about your requirements and receive a demonstration at a time that suits you including a no-obligation quote, please call us on 0115 8700443 or email email@example.com