Attorney Billing Software For Higher Productivity and Profits
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Posted On :
Sep-16-2011
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Article Word Count :
469
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When you started your career as an independent attorney, you may not have anticipated it. Back office operations including accounting, bookkeeping and tracking of billable hours can actually eat into your time and keep
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When you started your career as an independent attorney, you may not have anticipated it. Back office operations including accounting, bookkeeping and tracking of billable hours can actually eat into your time and keep you from concentrating on the important task of handling clients' cases. Have you considered using attorney billing software to take care of all the complex and time consuming accounting tasks? Legal billing software takes care of all the back office operations and frees you to concentrate on your legal profession, handle more cases profitably, and yet be relaxed.
As an attorney, you would be handling cases on a variety of payment options. One very popular method is the billable hours basis. It does involve your having to keep records of the number of hours worked and then issue invoices, keep track of payments received and balance outstanding while preparing the next invoice and related issues. In addition to billable hours, there is the matter of keeping track of expenses that need to be included in the bill yet maintained separately. Legal time and billing software handles all this effortlessly. If you have agreed to work on a retainer-cum-billable hours basis then your invoice for replenishment shows how the advance is used. As if this is not enough, there is the matter of trust bookkeeping and legal billing concerning trust accounting and bank reconciliations. A negative balance in trust accounting means you have used trust funds and this could reflect adversely on you, that could very well be prevented by using legal billing and accounting software. Why let all this happen, when a fully integrated lawyer billing software works seamlessly in the background to handle everything, generate reports and keep you updated of each client's account and each matter in a very easy and time-saving way?
When you are so busy with your professional life and handle so many clients, it is not easy to keep track of each one manually or by using a spreadsheet—both are laborious and time-consuming. You may overlook so many small outstanding amounts that add up to a sizeable sum. Law firm billing software improves your cash flow by generating reports of such unpaid amounts periodically. The law office billing software is a computerized process with no margin for error and perfect accuracy in generating invoices, detailed statements and records for audit and in case of disputes. This also enhances your image with a client since there is transparency and accuracy in billing and accounting.
The beauty of this attorney accounting software is that it keeps accurate track of all your various bookkeeping, billing and accounting methods, generates reports for you, automatically generates bills periodically, payments statements, bank reconciliations, collection reminders and the important matter of trust bookkeeping and billing, in compliance with existing laws of your state.
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Article Source :
http://www.articleseen.com/Article_Attorney Billing Software For Higher Productivity and Profits_82579.aspx
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Author Resource :
Attorney billing offer legal billing sotware, law office billing software and attorney billing software which help lawyer automate their work with ease.
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Keywords :
Legal billing software, Attorney billing software,
Category :
Reference and Education
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Reference and Education
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