AbacusLaw Gold - Practice management with integrated legal time, billing and accounting software. |
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AbacusLaw Gold: Time/Billing, Accounting & Practice ManagementComplete law practice software designed to handle both front office (practice management) and back office (time, billing and accounting). Enter data once, use often. Click on the links below for more information on our law firm accounting software.
AbacusLaw Gold - BackOffice Features
If you already use AbacusLaw you will find AbacusLaw Gold BackOffice just
as easy and user friendly. If you have never used an Abacus product you will
be pleasantly surprised by the ease of use and the simple learning curve that
is synonymous with all of our products. Simplify your legal billing!
More Information on Legal Time and Billing Top Speed up your accounting! Powerful and expandable trust accounting features make AbacusLAw ideal for estate planning practices. More information on AbacusLaw Gold Accounting Top Advanced reporting features.
View samples of different reports you can generate Purchase AbacusLaw Gold - Law Software online Top AbacusLaw Gold - accounts payableFinally you can replace your Quickbooks, Phoneslips, Timeslips and Outlook and use just one program to run your entire law office. AbacusLaw Gold is the ultimate front office and back office practice management system. Integrated time and billing, trust accounting, accounts receivable, accounts payable, and payroll are all included, with direct support from Abacus. If you already use AbacusLaw you will find AbacusLaw Gold BackOffice just as easy and user friendly. If you have never used an Abacus product you will be pleasantly surprised by the ease of use and the simple learning curve that is synonymous with all of our products. AbacusLaw Gold Time Billing and Accounting Software in Action!The best way to describe how AbacusLaw Gold practice management software can work for you is to give you an example. So picture the following: You manage the law firm of Anderson, Bascombe, and Clark (ABC). On March 1, your firm took on their first (and, for this example, only) matter -- a patent infringement matter for Xtrafine Yard goods and Z ippers, Inc. (XYZ). XYZ is to be billed at the end of each month until the matter is closed. The personnel from your firm who will be handling the matter are Joanne Brown – responsible attorney, Chris Umber – paralegal, and Nola Gray – researchers. Your firm has also hired Peter Sienna, a yard goods specialist, as a consultant and you will use CCC Printing to photocopy the exhibits. First, you set up XYZ as a client, patent infringement as a matter, Peter Sienna as a vendor, and CCC Printing as a vendor. Joanne, Chris, and Nola are already set up in your system as timekeepers. As Joanne, Chris, and Nola work on this matter, they record their time by simply clicking the bill button in AbacusLaw from any note or event linked to this particular matter. They can also record time by clicking the bill button from the linked events screen on any name related to this case. As invoices arrive from Peter and CCC Printing, you enter them in Accounts Payable and as a billable item for XYZ. At the end of March, you use the Print Prebills function to preview the information before printing their bill. When you activate this function, the program searches for all time tickets with the XYZ client code and patent infringement matter number. It locates all the time tickets entered by Joanne, Chris, and Nola and calculates their hours. Since Joanne, Chris, and Nola are billed at different rates, the program multiplies their hours by their billing rates to calculate the total billable hour’s amount. It then locates any other billable costs to be added to the bill. In this search, the amount billed for Peter and CCC Printing would be found. With all the calculations done, the system generates a prebill that shows the client billing address information and the hours billed along with the costs owed. (If you have set up your system to calculate a percentage of the billed time as administrative overhead, the program will perform that calculation and include that amount on the prebill.) After you review the prebill and find everything is correct, you then activate the Print Bills function. The program will then print the bill for XYZ. It will also, when you post this bill, update the client’s ledger (and all tables in the database that are affected by this transaction). When you receive payment from XYZ, you enter the payment on the XYZ account. The program will update XYZ’s account and your General Ledger. Now that your firm has money to pay Peter and CCC Printing, you activate the Print Check function in Accounts Payable and print the checks for Peter and CCC Printing. The system will then update your accounts payable and general ledger tables in the database. With a small number of entries, a few keystrokes, and very little time, you have completed all the financial transactions for this client. View samples of different invoices you can generate Get a free, custom quote for your firm. Your Next StepSelect one of the following:
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