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