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

Pc games’ software developed for gamers by BlueStack
Published by Maria Gini on April 21st 2012 | Software
Pc games are very much popular for the reason that many games are available online. Games can be pla...
 
Understanding what caching is within software development as well as exactly what is available together with it
Published by Waltersloan on May 25th 2012 | Software
What is considered to be crucial in newer software development program is usually concurrency. Concu...
 
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...
 
Enticing features of recycling software
Published by Angel on March 23rd 2012 | Software
An ardent recycler implements recycling software to automate his business procedures and processes. ...
 
Specialties of RoHS software
Published by Angel on April 24th 2012 | Software
An establishment that wants to adhere to RoHS regulations is sure to maintain good standards when it...
 
How to make the best use of web data scrapping software
Published by Newprosoft on December 6th 2011 | Computer
Web data scrapping is software which is used to extract data from websites and this is achieved by s...
 
All you need to know about the top antivirus software for Windows 7
Published by Alexs on June 27th 2012 | Software
Computer systems running on the Windows 7 operating system requires only the best antivirus protecti...
 
Crucial and Must Have Capabilities of ADFS Complementary Computer software
Published by Leila on May 21st 2012 | Computer
ADFS, also known as Active Directory Federation Service is actually a strong and flexible plan desig...
 
Custom software development company
Published by Roger Lopez on February 10th 2012 | Software
The article gives a brief introduction of different custom development services....
 
What can you accomplish with E-scrap recycling management software?
Published by Angel on July 11th 2012 | Software
For the entrepreneur involved in the e-waste business, E-scrap recycling software fills the void wit...
 
The Advantages of Looking for Free software
Published by Saima Triphor on January 2nd 2012 | Software
Downloading free software to our system, according to the requirement does help us at times. Diagnos...
 
Time sheets software for proper records and functionalities
Published by Ashish Pandey on April 8th 2012 | Software
The time sheets software can be of a great help to the employer as well as the employees. It can hel...
 
Meeting business needs through CRM software
Published by Antony Wilmer on January 10th 2012 | Software
CRM software has become the need of hour as it helps in business expansion. It is also important as ...
 
Recruitment software needs an upgradation
Published by Maria Warne on April 29th 2012 | Software
Recruitment tracking software is well complemented by an up to date applicant tracking system, helpi...
 
What is so special about waste management software
Published by Angel on December 20th 2011 | Software
Waste management software provides the ideal solution for waste management sectors. But here we have...
 
Kaspersky Antivirus – fast, safer and affordable antivirus software
Published by Paul Smith on May 16th 2012 | Software
The Kaspersky is a global anti-virus software company, which has been attracting customers for its p...
 
UB 04 software – the Most Reliable Medical Billing Solution
Published by James Blee on May 15th 2012 | Software
If you are a medical professional and wish to submit claims then you no longer need to hire medical ...
 
Five strong pillars of RoHS software
Published by Angel on May 24th 2012 | Software
...
 
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 ...
 
Selection of software that recovers the lost video
Published by Wonderseo on January 18th 2012 | Software

Sometimes it happened that videos are lost suddenly by its user. You may lose your videos some t...