Everything Accounted For
- Simplify your accounting and comply with trust accounting regulations
- Manage trusts & retainers with automatic payments, replenishment requests, and transaction reports
- Visualize accounts and comparisons to understand critical metrics
- Create smart budgets for matters and make sure you're on target
This is your complete accounting department.
Accounting you can count on
Managing different accounts for clients, matters, and your law firm's internal operations is complicated. Add trust accounts, retainers, late fees, taxes, and discounts into the picture and it's easy to become overwhelmed. You need a system that can manage all of this for you automatically.
Trust Accounting
Track your trust accounts and let TimeNet Law automatically pay invoices and manage required minimum trust balances.
- Keep trust funds separate from your law firm's operating account and personal funds
- Assign specific rules to trust accounts for invoice auto-pay and evergreen trust replenishment
- Comply with legal trust regulations in your state/country
- Require minimum trust balances with automatic evergreen trust management
- Track all trust activity and create trust account reports and transaction ledgers
- Transfer funds easily from one account or matter to another
Integrated Billing and Accounting
Track every payment, retainer and expense.
- Separate retainer, escrow, and trust accounts for every client and matter
- Assign specific rules to client accounts for invoice auto-pay and evergreen retainer replenishment
- Require minimum retainer balances with evergreen retainers
- Link revenue from client funds to internal accounts
- Stay on top of your law firm’s work in progress, billing history, invoice payments, aging receivables, and more
- See collected revenue by originating attorney to visualize how much income each partner is bringing in
- Create specific budgets for matters and always see how you're performing against those budgets
- Track internal expenses
- Create ledgers and reconcile internal accounts
- Manage late fees, taxes and discounts
- Create ledgers and transaction reports for any account quickly
- Transfer funds easily from one account or matter to another
Eric La Fleur — Mahtook & La Fleur"I use TimeNet Law, and it is very impressive. This is a great application and will serve Mac lawyers in a much needed area: Mac law office billing. It has all of the features that we need and a developer who is genuinely interested in our suggestions."