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Fully compliant with the Law Society’s Solicitors Account Rules accounts meets the requirements expected of a modern legal accounting system.
As a standalone system accounts offers much more than just simple accounting procedures, with a comprehensive database, full file details, time recording and a host of additional features.
Client & Nominal Ledger Features:
- Unlimited Client & Nominal ledgers, with quick access to the correct ledger
- Fast & easy posting, including standing orders & journals
- Automatic calculation of VAT where appropriate
- Automatic Interest Calculator
- Automatic cheque printing
- Immediate updating of relevant ledger
- Simple bank reconciliations
- Full audit trail & transaction logs
- Separate LSC ledgers, with automatic allocation of the contract payments
- Forbids debit balances in client & safeguards against credit balances in office
- Separates costs & disbursements in each file
Management Accounts Features:
- Comprehensive Management Accounts
- Full Profit & Loss report & analysis and separate Balance Sheet
- Trial Balance facility
- Separate breakdown of debtors & creditors
- Flexible user access or restriction to any ledger or account
- Immediate links to relevant ledgers, including bills, write offs etc
- Instant variance of income/expenditure against budget, adjusted automatically
- Automatic allocation of VAT & quick access to consolidated VAT Account
- Automatic calculation of VAT Returns
- Immediate interaction with Petty Cash account & Cash Book
- Quick & easy Year End run off
- Full archiving for year-by-year or selected period analysis
Additional Features:
- Instant access to comprehensive client & file data
- Additional file details for Legal Aid casework
- Ability to record unlimited Key Dates & Undertakings
- Storage of Deeds, Wills, Securities & Powers Of Attorney
- Numerous Anti-Money Laundering features
- Variety of reminders to fee earners & supervisors
- Accurate time recording, including automatic calculation of the correct legal aid rate
- On-screen up-to-date timesheets for each fee earner
- Instant & accurate time recorded to each file, with file costs updated immediately
- Comprehensive conflict of interest database
- Comprehensive record of third party experts
For full back office functionality, accounts integrates seamlessly with our practice management module reports, giving you full credit control functionality and detailed reporting for a variety of financial, business, and storage searches.
For additional front office functionality, accounts interacts seamlessly with files, our case management system, for automated document production and storage.
Click here for your no-obligation quotation or evaluation CD-Rom.
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