| When you automate legal billing with trust account | | | | used by anyone with little or no training. Now you can |
| software, you improve compliance and tighten | | | | keep track of all the bank activity of your law firm and |
| expenditures. Trust accounting software is an | | | | reconcile accounts when needed, quickly and without |
| excellent way to usher in order and complete | | | | sweating. |
| compliance to your legal accounting process. | | | | As a standalone application, the trust account |
| What Does Legal Billing With Trust Account Do? | | | | software can be installed easily, takes minimal time to |
| Besides bringing in efficiency and better control over | | | | set up, configure, and use. |
| the expenditures, automated legal billing does a host of | | | | What Are The Salient Features Of Trust Account? |
| other things as well. The main advantages of this | | | | 1. Trust accounting software keeps your clients’ |
| automated software include: | | | | funds manageable and makes your firm stay |
| 1. Entering all types of deposits as well as expenses | | | | compliant. Work out the details; reconcile the debits and |
| for all your clients, individual or company | | | | credits for one or all client accounts easily. |
| 2. Tracking all types of escrow, deposits, and | | | | 2. A highly spontaneous user-interface makes it very |
| expenses for both individual and company clients | | | | easy to create ledger per client and track every |
| 3. Quick reconciliation of both expenditures and | | | | transaction with ease. |
| deposits for all types of clients | | | | 3. The software allows you to manage several bank |
| 4. Printing checks | | | | accounts as well as numerous client accounts for |
| 5. Creating trust account and 3-way reconciliation | | | | every bank. |
| reports | | | | 4. It allows you to track funds that get debited or |
| 6. Importing HUD settlement dealing automatically if you | | | | credited to or out of the client accounts quickly and |
| also handle real estate cases using HUD software | | | | efficiently. |
| Why Use Trust Account Software for Legal Billing? | | | | 1. You can also complete escrow with in-built escrow |
| Trust account software is one of the most popular | | | | system. This helps prevent manual errors when data is |
| legal billing software. It is used by many hundreds of | | | | being entered. For ex: a client’s ledger on credit |
| lawyers, insurance agents, escrow agents, real estate | | | | card balance can never be negative to start with. |
| agents and other accounting professionals to better | | | | 2. You can combine various checks for the same |
| manage their clients’ funds. | | | | payee in the ledger for that client. |
| Trust account software for lawyers can be used for | | | | 3. One of the best features of this software is its |
| almost every area of practice such as family law, | | | | in-built backup as well as restore feature. It saves your |
| personal injury law, estate planning, criminal law, real | | | | entire database as a single file and thus restoring your |
| estate, bankruptcy among others. Lawyers especially | | | | database becomes easy. You will never have to |
| prefer to do legal billing with trust account software as | | | | worry about losing your records ever again. |
| it is a near accurate bookkeeping system that helps | | | | When you do legal billing with trust accounting |
| maintain the highest standards of compliance, which is | | | | software you can be assured that your firm and |
| extremely important for any legal firm. | | | | clients are in safe hands of an expert that is intuitive |
| With very user-friendly interface, the software can be | | | | as well as intelligent. |