Category: Uncategorized

16 Aug

Tips for Income Management

Managing Your Income Stream

Lawyers take a lot of jokes from those outside the industry. It ranges from those who really cannot stand lawyers to those who just think the jokes are funny. One of the things that people like to joke about in relation to lawyers is about how much money they make. It is commonly believed that all lawyers make a huge amount of money. That is not always the case, but it usually is true that lawyers tend to have several streams of income at any one time. Managing them is what South Dakota Odyssey case management is all about.

How to Balance Everything

Software type programs such as differentiated case tracking program are great for helping lawyers keep it all in balance. We use computers for just about everything these days, so it is not entirely surprising that we also use them for managing streams of income. That is what lawyers with strong practices do at least. The law firm billing software is something that manages where the money is, who has paid, and who still needs to turn over some currency.

How A Legal Billing Software Will Help

Law firm billing software is also great for managing clients in terms of where in the process their case is. A lot of times with lawyers the way they get paid has everything to do with what stage of the case a certain client has reached. Some of these client’s cases are more complex than others, and the more complex the case the more money that may be required. Legal billing software can keep it all straight.

Available to All Practices

Legal billing software is available for law firms no matter what type of law that particular lawyer happens to be practicing. There are law firm billing software programs that are specifically designed to handle the various types of law that one may be working in.

Most lawyers are handling multiple cases at any given time. They have particular timelines that they must stick to. They must appear in court at certain set times and have to spend a lot of their other working hours collecting evidence, reviewing files, and advertising to try to attract new clients. With all of these various things going on, it is great if a lawyer can take one more task off of his or her own plate. Law firm billing software makes the billing part of the job just a little bit easier.

Given that most law firms have paralegals who do a lot of the office administrative work, those paralegals are sure to be happy to have a piece of software that can make their job that much easier. They will be able to look at the facts and figures that they need to do their job well and not have to go through all of the paperwork that was once a part of the job.

Software programs help create invoices for clients and can help create schedules for billing those clients. That makes sense because it is very important to get those bills out at the right times. It is also critical to ensure that no clients get away with not paying the legal bills that they rightfully owe to their lawyers. It is clear that some would like to slip out on their legal bills if they could, but this software helps make sure that will not happen.

Some lawyers work on a contingency. This means that they only get paid when their clients get paid. This would be common in a lawsuit case against a company or another individual. Given this, there are software programs that can help lawyers who work with this type of system as well. A lot of lawyers like to advertise that they do their work this way because more people would prefer to pay a lawyer only when they get the results that they want. Since the legal field is moving more and more in this direction, you should keep an eye out for what legal software will look like going forward.

Maintaining income streams and always having tabs on them matters so greatly for lawyers. Do not go another day without getting software to help manage exactly what is happening within the practice. It makes everyone’s life a little easier.

15 Aug

4 Ways Successful Lawyers Plan Financially

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Four Ways Lawyers Plan With Legal Billing Software

Lawyers may use legal billing software to plan the success of their businesses, and there is a use for law firm billing software at each stage of development. A business that is growing every day must be given as many opportunities as possible to expand, and the software will cut back on the issues that you have. You may control all your finances using this program, and you will feel as though you may contain everything in one place. This article shows you how to manage your finances using one of these programs, and you will find that everyone in your office may learn how to use the software.

#1: What Is The Purpose Of The Legal Billing Software?

You may manage everything from accounting to currency when you hire a legal services corporation to help you, and they will give you software that controls every dollar that moves through your office. It is much easier for you to control your money when you have everyone working in the same system, and you will find that the legal billing software starts with the first intake, goes through payroll and helps you prepare your tax returns.

#2: How Do You Record Hours?

You may record billable hours for the practice in the program, and you will find that there are a number of different people who will enjoy and appreciate having a place to record hours the moment they have been worked. You may enter your schedule into the system, and you will move from one task to the other because you are not forgetting your hours log.

#3: Write Checks

You may write checks through the system, and you will find that there are a number of different people who need to receive a check from your office. You may ask the program to create your checks, and you will feel as though you have given yourself the finest opportunity to run through your financial responsibilities in moments.

#4: Completing Payroll

You may complete and reconcile payroll in moments when you are using the program. The software will create all the checks for your staff members, and it will help you send direct deposits when needed. You may not know how to manage your payroll without help from the program, and it will do everything on your behalf. You will keep your staff happy, and you may track everything from vacation days to sick days using the program. You may send tax money to the government, and you may pay for benefits through the program. It is quite simple to use, and it is much easier to manage than any other program you could imagine.
#5: Billing Clients

You are more than welcome to bill clients, and you will find that they may receive bills over email, text or the mail. You may send a bill to a client for services rendered to the client, or you may send a reminder for a particular type of payment. You likely have a number of different bills that must be sent everything, and you will notice that you have many clients who are receiving payments from you. You may send them payment notifications, and you may send balance statements using the program.

#6: Creating Reports

You may create reports for your business at any time, and you will notice that your business becomes more efficient because you are building reports for every scenario. The people that work for you will read the reports, and they may send the reports to the people that are serviced by your business. You may use these reports to file your taxes, and you may use these reports to help your shareholders understand what you are doing. There are many different things that you may do to ensure that you have proper financials for the month, and you may print them directly from the program.

Your business relies on the financial reports that you create with this program, and you will find that there are a number of other tasks you will shorten simply by using this program. You should build a business that is organized and efficient, and you will do so simply by investing in billing software. The billing software you use will make your business much easier to manage, and you will feel as though you have taken steps to make your company more efficient with its money. You may become quite a success because of the work you have done while using such simple law firm billing software.

11 Aug

5 Ways To Ensure You Continue Receiving Money

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Five Ways To Ensure Your Clients Pay Their Bills With Legal Billing Software

You may create a billing and payment systems for your clients that will ensure they are paying faithfully. You must have cash flow coming into your law firm every week, and this article explains how you may increase cash flow using a few simple steps. You legal billing software to save time, and you may allow your paralegal and accounting law staff to use the same program. This article explains how you may make use of this platform, and you will feel much better about how your business is run. You have a responsibility to the people you represent, and you must treat your staff well using the same system.

#1: Pay Online With Legal Billing Software

Your clients will pay online using a simple portal that was created for them, and they may enter the portal at any time. They will pay you easily simply because the payment portal is easy to use. You need not help your clients make their payments, and you will find that the payments go through quickly. The system is easy to use, and you have funds ready to use the moment they are paid to you. You have created cash flow, and your clients will be pleased to use this system rather than send them checks.

#2: Law Firm Billing Software For Bills

You must send bills to your clients for everything from a perjury case to a simple traffic case, and you will find that all the bills are laid out properly for each client. The clients that are searching for a simpler way to interact with your business will find that all the bills are easier to read. They will understand what you have done to help them, and they will be more comfortable paying the final amount on the bill. Give information to your clients that helps them appreciate the work you have done, and you will feel much better about billing these people for the services you have given.

#3: Law Firm Billing Software Changes To Account Information

You may edit account information for your clients, and you will find that it is much simpler to keep the information straight when you have access to the files in the program. There are many programs that you may use to edit account information, and you may check with your clients when they are moving or changing locations. You may send your documents to clients when you have used this program to store their information, and it is store securely.

#4: Secure Servers

You will keep all your information in a secure server that a hacker cannot access. You must trust secure servers because you will save time and money when you are protecting yourself. Your clients must be certain that you are helping them stay safe, and you may need to show your clients that their information is safe. You may ask the legal billing software company about how often they update their security parameters, and you will notice that the company is ahead of the latest trends in hacking and cyber warfare.

#5: Case Notes

You may use the program to hold your case notes, and you may notate these items at any time. You are free to create notes that will help you collect case information. You will find that there are a number of people who will need your notes when you are working a case, and you may send them to anyone you like using the system. This is a simple thing to do, and you will find that you have a collection of notes that justifies every decision you have made in your cases.

#6: Email

You may send documents and bills using the email portion of this program, and you may sync an email account with this program at any time. It is much easier for you to manage your email when you have it attached to your billing software, and you will feel as though you are saving time and energy when you simply go into the email folder to send documents.

You will find that you may keep your law firm financially stable when you use billing software. There are many different people who may use these programs to manage cases and information. You may keep your case notes and hours log together, and you may send out the bills to your clients to ensure that the payments are made properly. Everyone who needs help with billing will find that software does the work.

2 Jul

How to Easily Track Your Billable Hours

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Plan Ahead

Tracking your billable hours sounds easy in theory, but it can quickly get out of hand until you are completely confused and have no idea how many hours you have spent. It is a job itself, and that is why many people prefer to use legal billing software. This way they have one less thing that they have to worry about. At the very least, you need to make a planner right away to start recording the time you spend. Make it a habit to write down every time you start and stop working. Do not make exceptions and decide to pencil it in later, because you are likely to forget or get the information wrong. It is best to be proactive and get this done right away. Also be sure that you write down what task you are working on. Do not make the mistake of thinking you will not forget, because you will. Double check your firm’s billing guidelines to make sure you are following the rules they have outlined. They will also provide the abbreviations you need to know when making your notes on this.

 

Use A Legal Billing Software

Now that you have written down all your hours throughout the day, it is time to add these to the software or app you have chosen to use. This will allow you and your employer to cut down on the amount of time it takes for you to get paid. These new technologies are greatly beneficial in this field and will make life easier for everyone. Since you will often have multiple clients and therefore multiple different guidelines to keep up with, choosing a LAW FIRM BILLING SOFTWARE will allow you to easy keep up with this. This will allow you to avoid making mistakes and slowing down the process of getting payment in the future. Most importantly, it makes things a lot easier for you. Here are some of the billing softwares that are highest rated:

  • ProTemus. This software is secure and features a cloudless platform where all data is securely stored on a local network.
  • Cosmolex. Catered to small law firms and specializes in practice, billing and accounting.
  • Needles. The leader in Law Practice and Case Management Software.
  • Cilo. Features a secure communication portal that allows you to use credit card through the software and receive payments through invoice.
  • Leanlaw. Save money by using this streamlined billing software that works with QuickBooks.

 

These are all great LAW FIRM BILLING SOFTWARE options. There is a perfect option for everyone depending on what type of field you are in and also the size of the firm. Every lawyer knows that the worst part of the job is recording time and trying to keep track of everything they do in a day–which is a lot. These softwares eliminate that tedious part of the job so that you have more time to get caught up on your work. It also makes you seem most professional since it eliminates any false information that is sometimes accidentally recorded. It is incredibly vital that the time in which a lawyer spends working is recorded properly, because their clients pay them per hour.

 

How You Can Learn More

To learn more about the LAW FIRM BILLING SOFTWARE and the process of recording billable hours, look into the School Of law Online Resources. Here, you will be able to find all the information you need in order to responsibly and ethically keep track of your billable hours. The Legal Information Institute is another great place to check to find the most accurate information on this subject of billable hours. It will outline the meanings in different written agreements and explain what hybrid contracts are. Hybrids have been confusing for many attorneys that bill per hour because it is a relatively new and confusing process. At this site, you will be able to easily access different part of the law in order to see how it pertains to you and your contract with your firm or client.

 

Save Time And Money

In conclusion, the best way keep track of your billable hours is to purchase a legal billing software. This will save you time, and as a lawyer, your time is literally money. It is important to be as efficient as possible and a billing software is the way to accomplish that. Take a look at the recommended softwares listed above and you are sure to find something that will work well for you.

2 Jul

How to Easily Track Your Billable Hours

LAW-FIRM-BILLING-SOFTWARE-10

Plan Ahead

Tracking your billable hours sounds easy in theory, but it can quickly get out of hand until you are completely confused and have no idea how many hours you have spent. It is a job itself, and that is why many people prefer to use legal billing software. This way they have one less thing that they have to worry about. At the very least, you need to make a planner right away to start recording the time you spend. Make it a habit to write down every time you start and stop working. Do not make exceptions and decide to pencil it in later, because you are likely to forget or get the information wrong. It is best to be proactive and get this done right away. Also be sure that you write down what task you are working on. Do not make the mistake of thinking you will not forget, because you will. Double check your firm’s billing guidelines to make sure you are following the rules they have outlined. They will also provide the abbreviations you need to know when making your notes on this.

 

Use A Legal Billing Software

Now that you have written down all your hours throughout the day, it is time to add these to the software or app you have chosen to use. This will allow you and your employer to cut down on the amount of time it takes for you to get paid. These new technologies are greatly beneficial in this field and will make life easier for everyone. Since you will often have multiple clients and therefore multiple different guidelines to keep up with, choosing a LAW FIRM BILLING SOFTWARE will allow you to easy keep up with this. This will allow you to avoid making mistakes and slowing down the process of getting payment in the future. Most importantly, it makes things a lot easier for you. Here are some of the billing softwares that are highest rated:

  • ProTemus. This software is secure and features a cloudless platform where all data is securely stored on a local network.
  • Cosmolex. Catered to small law firms and specializes in practice, billing and accounting.
  • Needles. The leader in Law Practice and Case Management Software.
  • Cilo. Features a secure communication portal that allows you to use credit card through the software and receive payments through invoice.
  • Leanlaw. Save money by using this streamlined billing software that works with QuickBooks.

 

These are all great LAW FIRM BILLING SOFTWARE options. There is a perfect option for everyone depending on what type of field you are in and also the size of the firm. Every lawyer knows that the worst part of the job is recording time and trying to keep track of everything they do in a day–which is a lot. These softwares eliminate that tedious part of the job so that you have more time to get caught up on your work. It also makes you seem most professional since it eliminates any false information that is sometimes accidentally recorded. It is incredibly vital that the time in which a lawyer spends working is recorded properly, because their clients pay them per hour.

 

How You Can Learn More

To learn more about the LAW FIRM BILLING SOFTWARE and the process of recording billable hours, look into the School Of law Online Resources. Here, you will be able to find all the information you need in order to responsibly and ethically keep track of your billable hours. The Legal Information Institute is another great place to check to find the most accurate information on this subject of billable hours. It will outline the meanings in different written agreements and explain what hybrid contracts are. Hybrids have been confusing for many attorneys that bill per hour because it is a relatively new and confusing process. At this site, you will be able to easily access different part of the law in order to see how it pertains to you and your contract with your firm or client.

 

Save Time And Money

In conclusion, the best way keep track of your billable hours is to purchase a legal billing software. This will save you time, and as a lawyer, your time is literally money. It is important to be as efficient as possible and a billing software is the way to accomplish that. Take a look at the recommended softwares listed above and you are sure to find something that will work well for you.