LeanLaw believes that these reports are one of your most crucial tools to understanding the profitability of the law firm. You can get a rates report to understand what you’re charging each client. Easy access to compensation reports, work-in-progress, what you billed, what you collected in real time: By Attorney. Solution: Real legal reporting can happen with LeanLaw. In QuickBooks, you can see what has been billed, but you don’t see what is yet to be billed (work-in-progress) nor do you easily see by attorney revenue reports, by timekeeper reports, or by origination reports. Myth #5 You can’t get legal reporting out of QuickBooks Online. That means a fully automated workflow once you’ve entered your time.
#BILLINGS PRO VS QUICKBOOKS SOFTWARE#
And our invoices are integrated with both the timekeeping software at the beginning of the workflow and QuickBooks Online for accounting at the end. LeanLaw has an ability to track who made changes and the amount of the change. Solution: LeanLaw has a workflow process that includes drafts, reviews and approvals. For example, QuickBooks Online can’t be set up so a principal attorney has to approve all of his or her invoices before they are sent.
#BILLINGS PRO VS QUICKBOOKS MANUAL#
There is an invoicing workflow in QuickBooks Online, it just isn’t customized for attorneys, so it’s cumbersome and requires a lot of manual workarounds. Myth #4 QuickBooks invoicing has no workflow.
LeanLaw has refined client billing within QuickBooks Online. Solution: LeanLaw has a more matter-centric approach: hourly/flat fee milestone / flat fee recurring / flat fee with hourly, and more. QuickBooks Online can do products & services fixed fees, but they don’t have all the instruments today’s law firms need such as milestone / recurring fixed fees. Myth #3 QuickBooks can’t handle fixed fee or hybrid billing. And the timers are connected with invoicing and invoicing is connected to QuickBooks Online so that once you’ve entered your time, the entire process – timekeeping to invoicing to payment – is connected, automated and eliminates any redundant work. Solution: LeanLaw timekeeping can be done on any platform and on the go – mobile / web / chrome / desktop app / tracker. It’s not mobile and not built for your desktop. If you want timers in QuickBooks Online, you have to buy a more expensive version. QuickBooks Online timekeeping is not geared toward attorneys’ needs – especially if you want to track time on the go. Myth #2 QuickBooks timekeeping doesn’t work for attorneys. Real-time, 2-way integration with QuickBooks rather than just a sync that somebody has to straighten out later. The legal trust accounting happens in QuickBooks Online, but your law firm can use simple, LeanLaw tools to see trust balances, pay invoices using trust funds and make client deposits to trust. Solution: LeanLaw created a behind-the-scenes, industry-approved legal workflow where you can resolve IOLTA trust accounting with one click. Myth #1 QuickBooks can’t do trust accounting for law firms.Īctually, it can, but it’s a daunting 12-step process. Intuit also offered an API architecture that allowed LeanLaw to develop a deep integration with QuickBooks Online so we can offer the most fluid workflow to the law firm.įollowing are some of the myths and the solutions LeanLaw offers for QuickBooks Online users: LeanLaw, an app in the QuickBooks app store, chose to focus exclusively on QuickBooks Online based on hundreds of hours of learning about pain points in law firms’ timekeeping and billing workflows.
What used to take days or weeks is now finished in minutes.
The legal timekeeping and legal billing workflow is fluid and automated. But QuickBooks Online isn’t the young product it was a few years ago - there’s a lot of power under the QuickBooks hood, and integrated with the right add-on software, like LeanLaw, legal timekeeping happens effortlessly, and your invoices practically write themselves. Let’s be frank: If you try to use QuickBooks Online by itself in your law firm, there are legal-specific features you will miss. Has your accountant or bookkeeper told you shouldn’t use QuickBooks Online for your law firm? Have you had trouble with legal trust accounting or timekeeping and legal billing, just to name a few? Like many myths, there is usually a nugget of truth in there somewhere. LeanLaw Makes QuickBooks Sing For Lawyers
0 kommentar(er)
