Article Side

Online Article Directory!

Hello Guest! Login or Register to submit articles!

Legal Billing Software to Enhance Revenue Flows

By Ivon Lerdorf Subscribe to RSS | February 6th 2012 | Views:
loading
 
  



Cash flow governs profitability. This applies as much to lawyers as it does to any businessman or professional. However, lawyers have a different billing and account system, governed by state and federal laws. They need specific legal billing software that incorporates their needs and handles not only billing but also managing back office accounting and trust fund accounts that can stand up to any future audit or scrutiny. Legal time and billing software built around a lawyer’s needs saves him time, ensures compliances and enhances revenue flows.

Lawyers use four broadly classifiable billing and accounting methods. These are: hourly billing, fixed fee billing, retainer based hourly billing and contingency billing. Separate itemized account of costs involved in each case along with the actual lawyer’s billable hours have to be maintained in respect of each client and each case of the client separately should there be multiple cases from the same client. Competent, affordable yet feature rich attorney time billing software includes these facilities.

A lawyer has to maintain matter based record keeping. In a lawyer’s case he has to be very precise and specific in billing and accounting for each case, in respect of his billable hours and his expenses even though all the cases relate to only one client. The law office billing software handles this quite competently, freeing an attorney of all worries about accounting.

The right attorney time and billing software ensures compliance state regulations freeing the attorney to concentrate on his cases instead of having to check whether all his billing and accounting procedures are in conformance. Meticulous records are archived for future retrieval in case of audits or checks.

Any attorney considering legal billing software will certainly want it to handle client retainers separately where they deposit advances in trust accounts. The right billing software takes care of this effortlessly and seamlessly, blending it with the rest of the software and functions.

The beauty of this law office billing software is that it has been designed in coordination with legal professionals, is user friendly with a short learning curve and has an intuitive interface, designed to work for the maximum benefit of the lawyer. The legal time and billing software reduces burden on the attorney, generates bills automatically and keeps perfect track, enhancing revenue flows.

Ivon Lerdorf - About Author:
A comprehensive guide for law firms to understand, evaluate and select proper attorney billing software, legal time and billing software, legal billing and accounting software, law firm billing software, legal billing software, law office billing software.

Share on Facebook Tweet It Stumbleupon this post This post is delicious !

Article Source:
http://www.articleside.com/software-articles/legal-billing-software-to-enhance-revenue-flows.htm

Related Software Articles Subscribe to RSS

Why make use of recruiting software?
Published by Rogger on November 29th 2011 | Software
In this competitive world, organizations look to streamline their business processes with the aid of...
 
Custom software development company
Published by Roger Lopez on February 10th 2012 | Software
The article gives a brief introduction of different custom development services....
 
Get the best insurance software developed by a leading software development Company
Published by Paul on December 6th 2011 | Software
Insurance Software Services is one of the best software company involved in the development of insur...
 
What makes the waste management software a worthy addition
Published by Angel on July 17th 2012 | Software
Enthusiasts involved in waste management business make diligent use of waste management software to ...
 
Tips to get free DVD player software for Windows
Published by Desiree on December 24th 2011 | Software
Films in the DVD quality are excellent. So watching out DVD of films could be a large pleasure on so...
 
Things to avoid while implementing scrap metal software
Published by Angel on May 18th 2012 | Software
In its efforts to take scrap metal business to greater heights, the metal yard wants to implement th...
 
Pre-packaged solutions from banking software companies – Prime success factors
Published by Angel on July 31st 2012 | Software
Financial institutions have started using pre-packaged products introduced by banking software compa...
 
Library software at its best from 247lib.com
Published by James Blee on July 25th 2012 | Computer
There is also a web based supervisor which means that help is always available making this library s...
 
3 Things to consider before implementing recycling software
Published by Angel on June 1st 2012 | Software
The enthusiastic recycler who wants to enhance business procedures and improve his recycling busines...
 
Rip/copy/backup DVD movies to PC using most reliable DVD copy software
Published by Desiree on December 21st 2011 | Software
How to backup DVD movies to PC? How to rip DVD to hard drive? How to copy DVD movies to computer? Ho...
 
There are numerous solutions that a software development company can furnish to various forms of business in recent times
Published by Williemcintosh on June 29th 2012 | Software
Some of the solutions which outsourced businesses can provide. Various of these solutions incorporat...
 
Amazon promises software update for Kindle Fire problems
Published by Ritika Sharma on December 14th 2011 | Software
Amazon.com Inc. has said that it would soon be coming out with a software update for the Kindle as a...
 
How Effective Auditing ADFS is Using the proper Federation Service Computer software
Published by Leila on May 21st 2012 | Computer
Several organizations are continually faced using the challenge to authenticate and audit users of t...
 
Custom software services are best offered in Scottsdale
Published by Liza Andy on January 24th 2012 | Software
In case, we are selling mass products under the banner of mass marketing, thus, there are no doubts ...
 
Uses of the internet monitoring software
Published by Erikhornung on February 1st 2012 | Software
Companies have to keep track of the activities of their employees, in order, to see their work perfo...
 
Why use scrap recycling software
Published by Angel on March 2nd 2012 | Software
Recyclers have realized the potential of scrap recycling software, which is built to simplify busine...
 
An introduction to music writing software
Published by Angie Turner on June 16th 2012 | Software
If you are part of the current crop of young musicians and songwriters then chances are that you wil...
 
The perfect web development supplier need to have a competent team of veteran software developers
Published by Josejames on June 9th 2012 | Software
When you opt for E-commerce solutions developer, it would be best to select enterprise specializing ...
 
Web based remote access software: Helping you to achieve a relaxed work lifestyle
Published by James on February 8th 2012 | Software
An entrepreneur can detach himself or herself from the standard eight to four workplace environment ...
 
Miami POS software: a new way to look at the selling options in retail stores
Published by Alice Mark on August 6th 2012 | Software
Miami POS software has created ripples in the retail stores, in which this software is used for prop...