Time, Billing and Accounting Features
Legal Accounting Software
Integrated with Time & Billing, accounts payable gives a law firm the ability to quickly and easily capture client advanced costs to multiple client ledgers. You can also maintain a detailed aged payables file. One data entry performs as many as five separate functions, thus eliminating time consuming duplication of record after record.
Features
- Unlimited Vendor Files
- Tracks Vendor Invoices
- 1099 & 1096 Form printing
- Time saving data entry memory
- Supports partial payments on invoices
- Multiple invoices on a single check
- Maintains Detailed Vendor Ledgers
- Automates Recurring Payables
- Multiple Checking Accounts
- Checkbook Reconciliation
- Aged Firm Payables Report
- Client Advanced Costs Payables Report
- Integrated with General Ledger
- Quicken Check Format
- Protects against duplicate invoice payments
- Integrated with Time & Billing
- Miscellaneous Vendor Code
- Cash Requirement Report
Trust Accounting
The Abacus Trust Accounting system exceeds all Bar Association requirements. This system safeguards your firm from inadvertently "overdrawing" their Trust account or a Trust Matter. AbacusLaw accounting tracks all trust activity, from deposits to printing checks, with detailed on-screen or printed reports. Integrated with Time & Billing, the Trust Accounting feature makes it easy to maintain a complete set of records for your clients.
Trust Accounting Features
- Detailed Trust Ledgers
- Integrated Check Writer
- Multiple Trust Checking Accounts
- Check Reconciliation
- Multiple Matters on one Trust Check
- Detailed Trust Reports
- Interest distribution for interest bearing accounts
- Quicken Check Format
- Bank reconciliation ties to trust ledgers for balancing
- Apply trust monies directly to bill automatically
- Fail-safe overdraft protection
- Integrated with Time & Billing module
- Integrated with General Ledger module
- On-Screen Alpha Lookup
- Recap of Trust Transactions printed to the bill (if desired)
- Integrates with Real Estate Closing programs (Land Tech, DoubleTime, and Display Soft)
- Ability to enter Trust Check Requests
- Minimum Trust Retainer Bills
Financial Reports
Information you want, the way you want it
- AbacusLaw includes hundreds of pre-defined accounting reports - you won't have to spend time creating your own.
- Simply select the information you need and print it to the screen, to a file, email or to your printer easily and quickly.
- You can also customize the way your reports look so you get only the information that is important to you.
- Schedule Monthly Reports - select what reports you want to be automatically generated.
Interim Statements (Mid-month reminders)
Sending interim reminder statements, half way through the billing period, encourages prompt payments.
Past Due Notices
These alerts often include late charges. They can also include new activities that have been charged to the client. Our past due feature can automatically calculate a late charge based on a user-defined percentage.
Work in Process Report
This report shows work that has not yet been billed. Hours and expenses are automatically updated from the associated time and billing record. This report is effective in summarizing contingency cases that aren't billed until the end of the case.
Payroll Processing
Whether you have two employees or twenty-two employees, the Payroll Module will reduce what was once a tedious task to a simple process. Individual employee profiles are maintained with the ability to customize deductions and benefits. You have easy access to payroll tax tables to meet ever-changing tax reporting requirements. Calculations and deductions are automatically handled with pertinent pay information stored for future reference and reporting. Payroll Modules integrate with your General Ledger, using multiple account distributions.
Payroll Processing Features
- Prints 940 Unemployment Federal/State reports
- Supports 401K and Group insurance deductions
- Supports deduction types of taxable, non-taxable and annuity
- Tax tables are automatically updated each December by Abacus BackOffice
- Supports Fed withholding by employee
- Track employee's vacation & sick time
- User defined deductions
- Accommodates bonus pay
- Maintains year-to-date and quarterly totals
- Maintains profiles for unlimited employees
- Prints checks automatically & manually
- Prints W-2s & W-3s
- Prints 941 Quarterly Tax Return reports
- Integrates with the Abacus General Ledger
- Supports 50 States
- Quicken Check Format
