top 10 challenges of quickbooks for lawyers
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Top 10 Challenges of
Quickbooks for Lawyers
June 22, 2016
Erica Birstler
Manager of Client Services
CosmoLex Cloud, LLC
Caren Schwartz
35*45 Consulting - Global
Time & Cents Consultants LLC
Avoiding Overdrafts
on Client Trust Accounts
Top 10 Challenges of Quickbooks for Lawyers
Access to Trust Specific Reports
Individual Client Fund Balances
Tracking Total Client Funds
Three-Way Reconciliations
Top 10 Challenges of Quickbooks for Lawyers
Requesting and Managing
Evergreen Retainers
Top 10 Challenges of Quickbooks for Lawyers
Lack of Flexibility in
Setting Up Timekeeper Rates
Top 10 Challenges of Quickbooks for Lawyers
Including All Desired
Information on Client Invoices
Timekeeper Name/Activity Summary
Prior Balances & Payments
Trust Activity
Top 10 Challenges of Quickbooks for Lawyers
Needed Flexibility with Billing Parties
Consolidated Billing
Split Billing
eBilling (LEDES)
Top 10 Challenges of Quickbooks for Lawyers
Difficulty Tracking
and Billing for Soft Costs
Top 10 Challenges of Quickbooks for Lawyers
Properly and Efficiently
Allocating Revenue
Handling of Partial Payments
Enforcing Proper COA Usage
Top 10 Challenges of Quickbooks for Lawyers
Ability to Calculate Fee Distribution
Separating Fee from invoice
Knowing Originating/Working Attorney
Assigning Commission Percentages
Reporting
Top 10 Challenges of Quickbooks for Lawyers
Managing Integration
with Other Programs
Working with 3rd Party Applications
What can go wrong
Top 10 Challenges of Quickbooks for Lawyers
About CosmoLex
▪ Web-Based Legal-Specific Practice
Management Software
▪ Combines All The Tools You Need In One
Login (No Quickbooks Required)
▪ $49/User/Month
Matter Centric Approach
For Today’s Attendees Only
▪ Only 10 Appointments Available With Our Consultant
▪ Email Request to consult@cosmolex.com
▪ Include Specific Date & Time
Free 1:1 Analysis of Your Setup
Caren Schwartz
Time & Cents Consultants
35*45 Consulting - Global
cschwartz@3545consulting.com
Questions?
Erica Birstler
Manager of Client Relations
CosmoLex Cloud, LLC
ebirstler@cosmolex.com
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