ALL >> Legal >> View Article
Aging Invoices And Lapsed Retainers, And How Legal Billing Software Can Help
Perhaps you agree with us that payments and collections are one of the best aspects of practicing law. We're only half joking. You're putting in hard work, and you deserve to get paid.
It's been proven: the more proactively reminder notices you send, the more likely you are to get paid. Good law firm billing software such as Easy Time Bill can automatically prepare batch reminder notices for all overdue invoices—and print them along with your choice of cover letter.
Retainers, too, need to be replenished. But when retainer balances fall below their defined minimums, busy law firms often forget to send out the replenishment demand letters—as they're given the right to in their engagement letters.
Let's face it: clients aren't going to simply fork over the money. So we recommend you make it a practice to generate demand letters for retainer replenishments.
When working in tandem with one another, effective legal billing and trust accounting software such as Easy Time Bill and Easy Trust will show you exactly when ...
... retainer balances are getting low, so you never have to wonder, and more importantly—you can systematize your reminders so that you get paid when you need to.
You're going to reap powerful benefits with accounting software that blends trust account bookkeeping with your time-tracking and billing system. You'll improve back office efficiency, spend less time on billing management, and have more time available for casework. You'll ensure trust account compliance with state regulations. Lastly, you'll improve your firm's financial picture—and by doing so, increase profits.
Author Bio
Easy Soft specializes in helping law firm with legal software. Easy Soft has automated software solutions for virtually every practice area, from legal billing and trust accounting software to divorce financial software.
Add Comment
Legal Articles
1. Bail Lawyer In Cyber Crime Case In Delhi – Advocate Deepak: Your Trusted Legal PartnerAuthor: Advocate Deepak
2. Chicago Personal Injury Lawyers
Author: Paul M. Marriett
3. The Bruner Law Firm
Author: Vince Bruner
4. Bail Lawyer In Cyber Crime Cases In Noida: Advocate Deepak
Author: Advocate Deepak
5. The Journey Of Lady Advocates In Chennai's Male-dominated Field
Author: Sonu Kumar
6. Best Cyber Crime Lawyer In Ghaziabad – Advocate Deepak
Author: Advocate Deepak
7. Revealed: Secret Strategies To Dominate Government Sales On Gem!
Author: Bidz Professional
8. What To Look For In An Experienced Ri Divorce Lawyer
Author: John Grasso
9. Everything You Need To Know Before Investing In Saudi Arabia
Author: jodonjo
10. Spousal Alimony In California: What It Is And How It's Decided
Author: Thomas D. Nares
11. Balancing Investor Protection And Industry Growth: Sebi Lawyers' Take On Investment Advisers’ Reforms
Author: Dev kumar
12. "transparent Processes: Building Public Trust Through Stringent Pcc Attestation Measures"
Author: shareeba
13. How To Open An Llc As A Saudi
Author: jodonjo
14. Navigating The Road To Recovery After A Minneapolis Truck Accident: Why A Local Attorney Is Key
Author: sussmanlaw
15. Uk Spouse Visa Explained: How To Join Your Partner In The Uk
Author: The SmartMove2UK