CosmoLex will introduce new Accounts Payable functions at the ABA Techshow 2017 in Chicago MONMOUTH JUNCTION, NJ – March 14, 2017 – CosmoLex, a leading cloud-based, law practice management software provider, will be in attendance at this year’s ABA TECHSHOW 2017, taking place March 15-18 in Chicago. The conference will bring lawyers and other legal professionals together to learn about the … Read More
Tech Tip #112-Stay On Top Of Collection Issues
You may love your clients but it is unlikely that they are always on time paying their invoices. What about clients who deposit retainers, do those balances ever get low? The answer is undoubtedly yes. And tracking this information is more work than you have time for when you’re supposed to be addressing their legal issues. Use a legal billing … Read More
IOLTA Accounting in QuickBooks – Product Overview
QuickBooks, whether desktop or online, is the most commonly used accounting program for small and medium sized businesses in the United States. I am often asked by law firms, “Can I use QuickBooks for my firm?” The answer is a qualified yes. You can use QuickBooks, but whether or not you should is more difficult to answer. I have written … Read More
4 Reasons Why You Should Manage Your Firm in The Cloud
Unless you’ve been living under a rock, you have probably heard about the cloud by now. If you do happen to be under a rock, this is as good a time as ever for you to poke your head out and learn more about practice management solutions in the cloud. While there are many reasons to move your firms practice … Read More
Tech Tip #111-Do Credit Card Payments Sound Futuristic?
Law firms are often late to the party when it comes to technology. Accepting credit card payments is another example of this. Too many law firms still do not accept credit card payments, simply because they don’t have the technology to do so without fear of running into compliance issues. Find an integrated legal billing & accounting system that accepts … Read More
Tech Tip #110-Avoid Errors, Use A Legal-Specific Accounting Solution
Avoid having to enter the same information into a separate law practice management software and an accounting software. The resulting errors would be costly and can lead to severe consequences. This is why using legal-specific accounting software that integrates practice management and billing systems into one solution is the most efficient technology you can use to run your firm. Read more … Read More
Legal Time Management Solutions, What to Look For
Legal time management is a difficult task at any law firm. For firms who are busy, both its importance and difficulty increase. Time is money, so it is important that firms have a time management solution in place that is efficient and easy to use. Having a quality legal time management system in place will allow your firm to focus … Read More
Tech Tip #109-A Stable IOLTA Workflow For Immigration Attorneys
Immigration attorneys see more IOLTA transactions than attorneys in other practice areas. This requires them to align data between multiple systems on a regular basis. This process can become time-consuming and error prone. Watch this video produced by our CosmoLex Accounting Partners at Law Firm Velocity to learn more about IOLTA issues for immigration law firms and potential solutions. Ready … Read More
Tech Tip #108-Lawyers Aren’t Accountants & Accountants Aren’t Lawyers
General accountants aren’t familiar with all of the unique challenges and regulations a law firm faces. Lawyers shouldn’t have to master accounting on top of their own specialty. General business accounting software was made with bookkeeping in mind but doesn’t stand up to the unique needs of legal accounting. Use an accounting software built for lawyers, tailored to how the legal … Read More
What To Look For In A Legal Billing System
Attorneys who manage their own practice or firm know the importance of billing their clients. If you don’t bill your clients, you don’t get paid, you can’t pay your bills, and before long you’re looking for a job working for someone else at their firm. You’ll never say it to a client, but billing clients is an extremely important part … Read More