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Tech Tip #137:
Holding Bills Is Necessary When Managing Your Cash Flow

Trust Accounting

Do all of your clients pay your invoices on time? Probably not. If they do you should probably write a book about it. For law firms, it is sometimes necessary to hold bill payments. By holding bills from vendors until clients have paid the firm, it ensures that the firm maintains a positive cash flow. Learn more about managing client costs in our recent blog post.

Notebook

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CosmoLex is cloud-based law practice management software that integrates trust & business accounting, time tracking, billing, email & document management, and tasks & calendaring, in a single application.
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CosmoLex is part of ProfitSolv, a collection of best-in-class software solutions for professional services firms, allowing the freedom for growth and innovation. Using a product-centric and customer-first approach, ProfitSolv collaborates with firms to offer better client services.

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