Tag Archives: escrow accounting software

Can Accounting Software Be Both Simple And Complex?

Have you ever used software so complicated that you had to hire a consultant to teach you how to use it? And how did that work out for you? When it comes to desired features in legal billing and accounting software, “horribly complicated” isn’t at the top of the list. If the software is too hard to use then you and your staff are going to end up finding creative ways not to use it.

Easy Soft’s attorney billing software, Easy TimeBill, is designed to be a simple and intuitive financial system for today’s legal practice. You don’t have to hire an expensive instructor just to figure out how to enter time sheets and expenses. You can get up and running in a matter of minutes after installation.

Don’t worry–”simple” doesn’t mean “underpowered”. Easy TimeBill has all the capabilities you need to run your law firm including multi-rate time tracking, finance charge calculation, invoice generation, electronic billing and full integration with Easy Trust, our escrow accounting software. You will find all the financial tools your law office needs in this software tool.

Although you can start using Easy TimeBill without any instruction, you’ll still find plenty of assistance when you need it. The attorney time and billing software comes with a comprehensive online help system plus you can find an assortment of training videos on the Easy Soft website that help you learn to use the software to its fullest. If you still have questions then our friendly customer service staff will be happy to help you.

In addition to the traditional desktop version, Easy TimeBill comes in a new cloud version that makes it even easier to use. You don’t need to worry about installing the software, worrying about whether it will work on your computer system, or updating it as new versions come out. The cloud version can be used from any web-capable device, even iPads and other tablet computers, and you can be confident you are always using the latest release of the software. You don’t need a computer specialist in your office to use Easy Soft law practice management software.

To answer the question, yes accounting software can also be both simple (to use) and complex (in function). Find out how easy Easy TimeBill is to use by downloading a demo or using the full version risk-free for up to 30 days.

Posted by Rick Kabra on in Other | Comments Off
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How To Find The Right Trust Accounting System For Your Practice

Managing trust funds for multiple matters in a single bank account is a common practice in the legal industry but attorneys must be very careful not to let the funds intermingle. Each matter has to be scrupulously maintained as a separate entity and never “borrow” money from other matters in the same bank account. Law offices have several options for documenting trust accounts .

Manual Books – It’s rare to find a business that keeps their books in literal books anymore, but a few firms, particularly single-attorney practices, prefer manual bookkeeping. Manual bookkeeping is slow, susceptible to arithmetic errors that can take hours to track down, and clumsy when it comes to tracking multiple matters in a single account. Computers are commonplace and software is cheap so there really isn’t any practical reason to work with pen and paper anymore.

Spreadsheets – Raise your hand if you remember VisiCalc. Wow, you’re old! VisiCalc was the first spreadsheet program released in 1979 and was designed to mimic the manual ledgers bookkeepers used. Trust fund accounting with a spreadsheet is a step up from manual books since it eliminates arithmetic errors, and nearly every computer comes with Microsoft Office preinstalled so the software is effectively free. However it is difficult to track individual matters within an account or reconcile an account without a lot of sorting and other manipulations.

Personal Finance Software – Applications designed to help consumers track their checking accounts and credit cards add reconciliation functions and are significantly less expensive than business software. Matters can be tracked in an account by using the client as a budget category. On the other hand there are no protections to prevent you from overdrawing a client’s trust fund, a critical error in trust management, and no ability to network across multiple attorneys. This might work for a single-attorney practice but is not an ideal solution.

Business Finance Software – Products like QuickBooks or Peachtree offer double-entry bookkeeping, which reduces the chance of keying errors by requiring all transactions to balance out. They can be networked across the firm and data can be manually transferred to escrow accounting software like Easy Trust but still are more limited than solutions tailored to legal trusts.

Dedicated Trust Applications - Only legal billing and accounting software will have all the features needed for fast, accurate and secure trust management. Integrated trust features ensure that each matter is accounted for separately. Attorneys can see trust status at a glance without having to pick it out from all the other transactions in the bank account. Automatic warnings let the firm know when a trust balance is getting low, and three-way reconciliation ensures no money falls through the cracks.

Attorneys might be worried that specialized legal software is more expensive than the alternatives, but Easy Soft’s law practice management software is surprisingly inexpensive. Try our trust account suite and if you aren’t completely satisfied, then return it for a full refund within 30 days.

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