Time and Billing
Time and billing management is a necessary task for all attorneys, regardless of practice specialty and firm size. Time & Billing software organizes time management, budgeting and client billing.*
Some Features and Functions of Time & Billing Software:
Tracks billable time; some programs may create reports for individual billing attorneys; Stopwatch feature accurately times tasks; Billable time can be recorded on an hourly, contingent, transactional, or user defined fee individually or firm-wide.
Bill Preparation /Accounts Receivable
Generates client invoices from firm’s billable time records; Immediate access to client’s overall balance; Some programs allow for a customizable bill design, easy conversions to PDF format, and secure delivery of bills via email.
General Ledger/Accounts Payable
Manages all aspects of the firm’s business; Records payments to vendors from invoices; Helps prepare mandatory IRS Form 1099 filings; Some programs have a check writing feature for both Operating and Trust Bank accounts.
Manages and reports on clients’ deposits for services not yet rendered.
Works with Other Programs
Many time & billing programs are compatible with and can exchange data with email programs (Microsoft Outlook), financial accounting programs (QuickBooks) and many smartphones.