Legal Billing with Trust Account

When you automate legal billing with trust account software, you improve compliance and tighten expenditures. Trust accounting software is an excellent way to usher in order and complete compliance to your legal accounting process.

What Does Legal Billing With Trust Account Do?

Besides bringing in efficiency and better control over the expenditures, automated legal billing does a host of other things as well. The main advantages of this automated software include:

Entering all types of deposits as well as expenses for all your clients, individual or company Tracking all types of escrow, deposits, and expenses for both individual and company clients Quick reconciliation of both expenditures and deposits for all types of clients Printing checks Creating trust account and 3-way reconciliation reports Importing HUD settlement dealing automatically if you also handle real estate cases using HUD software

Why Use Trust Account Software for Legal Billing?

Trust account software is one of the most popular legal billing software. It is used by many hundreds of lawyers, insurance agents, escrow agents, real estate agents and other accounting professionals to better manage their clients’ funds.

Trust account software for lawyers can be used for almost every area of practice such as family law, personal injury law, estate planning, criminal law, real estate, bankruptcy among others. Lawyers especially prefer to do legal billing with trust account software as it is a near accurate bookkeeping system that helps maintain the highest standards of compliance, which is extremely important for any legal firm.

With very user-friendly interface, the software can be used by anyone with little or no training. Now you can keep track of all the bank activity of your law firm and reconcile accounts when needed, quickly and without sweating.

As a standalone application, the trust account software can be installed easily, takes minimal time to set up, configure, and use.

What Are The Salient Features Of Trust Account?

Trust accounting software keeps your clients’ funds manageable and makes your firm stay compliant. Work out the details; reconcile the debits and credits for one or all client accounts easily. A highly spontaneous user-interface makes it very easy to create ledger per client and track every transaction with ease. The software allows you to manage several bank accounts as well as numerous client accounts for every bank. It allows you to track funds that get debited or credited to or out of the client accounts quickly and efficiently. You can also complete escrow with in-built escrow system. This helps prevent manual errors when data is being entered. For ex: a client’s ledger on credit card balance can never be negative to start with. You can combine various checks for the same payee in the ledger for that client. One of the best features of this software is its in-built backup as well as restore feature. It saves your entire database as a single file and thus restoring your database becomes easy. You will never have to worry about losing your records ever again.

When you do legal billing with trust accounting software you can be assured that your firm and clients are in safe hands of an expert that is intuitive as well as intelligent.