Timekeeping, Billing and Accounting
One important ingredient of a successful law firm is to have accurate contemporaneous tracking of billable time, subsequent invoices to your clients and an up-to-date accounting of your revenues and expenses. Time and billing software is being used extensively in law firms to track the time spent on cases and the resultant invoices to clients. Using this type of software can save countless hours of manual timekeeping and the preparation of invoices, since many of the tasks have been automated. Accounting software automates the basic accounting functions of a firm. These include the general trust ledger, reconciliation, disbursements, and so on. One question to ask is whether the timekeeping, billing, and accounting programs are integrated or compatible with other law office software. Many of the products have incorporated law office function features, such as accounting (general ledger, accounts payable, etc.), with case management, which includes docketing, conflict checking, and calendaring functions. Features and products. When choosing software consider the following features:
Some of the available legal specific products include:
More generic products include:
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