Attorney Billing Software Syncs BackOffice Ops Seamlessly
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Posted On :
Oct-31-2011
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Article Word Count :
518
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Attorney billing software for lawyers and attorneys, if developed by competent and knowledgeable software development firm, takes into consideration not only individual state laws for accounting and retainers.
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Ask any lawyer or attorney what he dislikes the most about his work and he will say that keeping track of billable hours, accounting, retainers and expenses is the most bothersome. It eats into his time, keeps him away from important work on which he needs to concentrate but it has to be done nonetheless. Computer technologies and sophisticated software development resulted in the development of attorney billing softwares for lawyers and this has made life oh-so-much easier for them in more ways than one.
With a plethora of billing softwares, the best billing software for lawyers is undoubtedly the one that incorporates all features an attorney needs, plus it should be easy to understand and easy to use. Some of the best billing software for lawyers incorporates features such as tracking billable hours for each client and also where a single client have multiple matters. It tracks the expenses under various heads, tracks retainers and billable hours deducted from the advance, gives a notice when the advance paid is nearing depletion levels, maintain separate accounts for retainers as per laws of the State, generate reports in word and excel or PDF format and prints.
Attorney billing software for lawyers and attorneys, if developed by competent and knowledgeable software development firm, takes into consideration not only individual state laws for accounting and retainers, it also considers the various types of accounting a lawyer has to maintain according to established practices. The best billing software for lawyers incorporates various billing practices. The billing is usually done on any one of the following basis:
1 Fixed fee basis: The lawyer and client agree on a pre-determined fee in addition to expenses incurred relevant to the case. This arrangement works in case of traffic violations that are relatively simple affairs.
2 Hourly billable basis: Lawyers in family law, real estate, commercial litigation, etc, work on hourly billing arrangement where the software keeps track of the number of hours the lawyer has dedicated to the case in and out of court. Related expenses are accounted and shown separately.
3 Contingency billing: This works in case of motor accident claims, personal injury claims, debt collection, etc. The lawyer agrees to bill and ask for payment only if the case is resolved successfully in favor of the client. If not the client pays nothing, not even costs and expenses.
In a lawyer’s firm one or more of the above billing systems may be in use with the same client or for different clients. A lawyer can generate a report immediately if a client requests it and this promotes transparency in attorney-client relationships. Since accounting laws pertaining to lawyers may vary from state to state, the attorney billing software needs to factor in all these to avoid any issues.
At the same time, by keeping a close watch on accounts receivable and making efforts to collect due payments, an attorney’s firm has cash in hand instead of on paper and thus, the costs of a billing software are easily repaid.
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Article Source :
http://www.articleseen.com/Article_Attorney Billing Software Syncs BackOffice Ops Seamlessly_98149.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, best billing software for lawyers,
Category :
Reference and Education
:
Legal
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