This can allow your staff to dedicate their time to other projects and reduces the opportunity for human error. It also helps you more accurately bill clients and get paid faster for your work. Soluno is a dedicated financial platform that provides more in-depth accounting features and reporting. Maybe a decimal was off, a duplicate entry slipped in, or a trust account transaction didn’t balance. Manual data entry makes errors law firm bookkeeping almost inevitable—and fixing them takes time you don’t have.
Manage Your Matters Better
Accurate mileage tracking ensures your law firm accurately reimburses your attorneys and staff for business travel. Built-in payment management features ensure that any unearned client payments are automatically put in a client trust and that the fees to maintain that account are handled correctly. Time tracking features help ensure that billable hours are logged correctly against the client’s retainer for simplified invoicing. Actionstep (formerly Soluno) accounting software is cloud-based and integrates trust, client, and office accounting into a single platform.
All the Features, Without the Inflated Costs
Many law firms struggle to stay up-to-date with changing tax laws and accounting standards, making it vital to rely on third-party providers who specialize in this niche. Law firms use Bill4Time’s legal billing software because it combines time tracking, invoicing, trust accounting, and client communications. Because Bill4Time keeps all of this under one roof, there’s no need to manage separate apps for payments or reporting. Most lawyers use time and billing software for lawyers, like Bill4Time, that supports real-time tracking, matter-based billing, and professional invoicing.
Consider the Cloud
- This legal billing software connects all firm activities, providing seamless access to vital data, improving collaboration across teams, and boosting efficiency.
- No matter your industry, TimeSolv understands the daily grind, the deadlines, the client demands, and all the admin overload.
- Look for a firm with experience in real estate accounting, the ability to integrate with the best real estate brokerage software, clear pricing, and accurate reporting.
- Everything needed to track work, prepare bills, and get paid lives in a centralized, secure system.
- Certain non-compliant payment processing systems may violate IOLTA regulations.
Smokeball helps you focus on your most valuable matters and bill what you’re worth. Effortlessly transfer your data to LeanLaw with our dedicated migration support. If you’re looking for more ways to get more for your money, LawRank can help you revolutionize your digital marketing. We provide legal marketing that works, from SEO and PPC to web design and more. Contact us today and start getting honesty, transparency, and results from your legal marketing firm.
LeanLaw: Your Financial Back-Office, Simplified
- Its built-in accounting supports three-way trust account reconciliation, smart deposits, and QuickBooks sync.
- At 96% client satisfaction, our tech-forward bench offers experience you can trust.
- Financial reporting options range from a few simple reports to numerous customizable reports.
- Choosing the best bookkeeping services for law firms takes some research – but it is an investment in your firm’s stability and growth.
- You understand that time spent tracking expenses, drafting routine documents, and managing trust accounts is time stolen from billable work.
Timeslips Premium is one of Sage’s products and, in fact, is one of the oldest billing tools still in operation. Firms can customize invoices, reports, and client payment pages, and accept credit, debit, eCheck, or ACH. LawPay’s transparent pricing, built-in compliance protections, and faster collections help firms save firms time and money overall.
