![]() ![]() Offered in suite, as part of a larger practice management system. Law firms may choose to purchase a standalone accounting system if they are currently using case management software that doesn’t have an accounting module, or if their existing billing and invoicing solution doesn’t have all the accounting features they need to accurately track their bookkeeping. Additionally, as firms deal with sensitive client data, using a legal-specific accounting software can help them remain compliant with laws designed to safeguard private client information.įirms can purchase legal accounting software in the following ways:īest-of-breed, or standalone. Legal accounting software can help streamline the billing and invoicing process and provide law firms with valuable insight into their cash flow. ![]() What Is Legal and Law Firm Accounting Software?Ĭommon Features of Legal and Law Firm Accounting SoftwareĮvaluating Legal and Law Firm Accounting Software We’ll explain the features and functionality to be on the lookout for, as well as best practices for evaluating systems. We wrote this guide to help those in the legal field evaluate accounting software. In addition, software can arrange invoices based on the time logged. Goals for total annual billable hours can be recorded and compared to the actual hours worked for evaluation. Time can be broken down into date, activity and billable or nonbillable criteria. Because law firms often bill as a function of time, work time and schedules should be highly organized to produce detailed reports for the inquisitive client. Legal accounting software is an essential part of an attorney’s practice management system, and frequently revolves around projects and time logs. ![]()
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