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:
Client Information - Track Client contact information and case information.
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
- Payroll
- 1099’s
Law Practice Accounting Using QuickBooks – Includes Maintaining A Trust Account Using QuickBooks Book
This is a step-by-step book on how use QuickBooks effectively for your law practice.
Law Practice Accounting Using QuickBooks includes the entire continents of Maintaining a Trust
Account Using QuickBooks. This fully-illustrated book was written to help walk an attorney or anyone
that does law office accounting through the sometimes tricky task of setting up and maintaining a
law practice. This book can be used with QuickBooks 2009 and earlier versions.
Maintaining a Trust Account Using QuickBooks – The Book
Client Trust Accounts are serious business and this fully illustrated,
step-by-step book takes on the serious practice of maintaining detailed financial records of client trust accounts. You will learn how to setup client trust
accounts, handle credit card transactions and how to handle retainers. This books cuts through the technical talk that you get with most computer manuals, and specifically spells
out everything that you need to do to set up client trust accounts using QuickBooks.
What Version of QuickBooks
Should You Buy?
QuickBooks has several versions available, Online edition, Simple Start, QuickBooks for Mac, QuickBooks Pro, QuickBooks Premier, QuickBooks Enterprise. Choosing the right one for your business can be confusing. First let me tell you that I do not personally recommend Simple Start for attorneys.
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Practice Management Using QuickBooks
QuickBooks also has an add on program called customer manager. This program will allow you to do:
- Calendaring,
- Enhanced notes and details about clients and cases
- Manage documents
- Project Management
- To do lists
