Top 10 Challenges of Quickbooks for Lawyers

Top 10 Challenges of

Quickbooks for Lawyers

June 22, 2016

Erica Birstler

Manager of Client Services

CosmoLex Cloud, LLC

Caren Schwartz

35*45 Consulting - Global

Time & Cents Consultants LLC

Avoiding Overdrafts

on Client Trust Accounts

Top 10 Challenges of Quickbooks for Lawyers

Access to Trust Specific Reports

Individual Client Fund Balances

Tracking Total Client Funds

Three-Way Reconciliations


Requesting and Managing

Evergreen Retainers


Lack of Flexibility in

Setting Up Timekeeper Rates


Including All Desired

Information on Client Invoices

Timekeeper Name/Activity Summary

Prior Balances & Payments

Trust Activity


Needed Flexibility with Billing Parties

Consolidated Billing

Split Billing

eBilling (LEDES)


Difficulty Tracking

and Billing for Soft Costs


Properly and Efficiently

Allocating Revenue

Handling of Partial Payments

Enforcing Proper COA Usage


Ability to Calculate Fee Distribution

Separating Fee from invoice

Knowing Originating/Working Attorney

Assigning Commission Percentages

Reporting


Managing Integration

with Other Programs

Working with 3rd Party Applications

What can go wrong


About CosmoLex

▪ Web-Based Legal-Specific Practice

Management Software

▪ Combines All The Tools You Need In One

Login (No Quickbooks Required)

▪ $49/User/Month

Matter Centric Approach

For Today’s Attendees Only

▪ Only 10 Appointments Available With Our Consultant

▪ Email Request to [email protected]

▪ Include Specific Date & Time

Free 1:1 Analysis of Your Setup

Caren Schwartz

Time & Cents Consultants

35*45 Consulting - Global

[email protected]

Questions?

Erica Birstler

Manager of Client Relations

CosmoLex Cloud, LLC

[email protected]

Top 10 Challenges of Quickbooks for Lawyers

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