May 6, 2009

Attorneys can Track Time, Retainers, Conflicts and More using QuickBooks

QuickBooks is the number one small business accounting software and for good reason. It is easy to use and reasonably priced. QuickBooks can do the following things that Attorneys generally need:

Track Billable and Non Billable Time - QuickBooks has a great Time Tracking feature. An attorney can track their billable and non billable time for their clients. It also has a Timer program that comes separate and able to run without QuickBooks. This enables everyone in the office to track time and the bookkeeper and pull the time into QuickBooks.

Billing Rates and Price Levels - You can create custom price levels for your clients. It can also track Billing Rate levels that can be associated by the time keeper. (This is available in the Professional Services edition.)

Conflicts of Interest – In the 2009 versions of QuickBooks you have the ability to do advanced searches quickly and easily within your customer list.

Retainers – Yes you can track retainers in QuickBooks. Reports can easily be created and memorized so you will always know what money you are holding in retainers.

Trust Accounting – Easily track the money you are holding in trust and create reports to help you stay in compliance with Trust Accounting Laws.

QuickBooks also has the ability to:
Write checks
Link to online Bank Accounts
Accounts Receivable
Accounts Payable

Need help getting started or training I can help.