Run A Better Business with LeanLaw, a QuickBooks Premier App
Are you worried that QuickBooks Online can’t handle your midsize law firm’s financials? With the right tools (LeanLaw and QuickBooks Online Advanced) your firm will have a complete financial operating system custom built for law firms like yours.
QuickBooks as a General Tool:
If you think of QuickBooks Online as a platform, like iTunes, where you shop around for apps for the functions and features you need, you’ll have a new perspective that you can use to your advantage. Intuit relies on best of breed apps to fill in the gaps as QuickBooks Online is not full-featured for all industries.
Intuit developed QuickBooks Online Advanced specifically targeted for midsize companies. The cherry on top: LeanLaw, the top-rated legal app in the QuickBooks Online app store, customizes QBO for law firms. LeanLaw plugs in legal-specific features to harness the power of the QuickBooks engine. With QuickBooks and LeanLaw, you can:
- Track billable hours by client, case, or employee to dial in billable time.
- Configure roles to delegate work to the right people.
- Unlock data transparency so your team can make informed decisions and focus on higher value work.
This means that law firms have boutique-like software for a fraction of the cost. And LeanLaw is super simple to use with must-have law firm features.
IOLTA Trust Accounting: Just Let Me Do The Thing Right & Let Me Do It Fast
Trust accounting has historically been a double edged sword: you don’t have to chase your clients for payment, but balancing the books is a complex nightmare. Not with LeanLaw and QuickBooks.
What used to be a daunting twelve step accounting process in QuickBooks is now accomplished in just a few clicks. Use built-in trust accounting workflows to approve invoices, deposit client funds, and LeanLaw’s “Pay from Trust” feature to pay invoices easily. This is a true integration with QuickBooks instead of a sync that somebody in your law firm has to straighten out later.
Attorney Compensation: Real Time Visibility
Understanding where each attorney / timekeeper is in the middle of a project can be crucial to making sure that the law firm is on track. Instead of having to ask someone to do this for you, it’s just a matter of looking at your already set-up reports. See how much has been distributed and how much to expect in AR.
LeanLaw’s deep, real-time integration into QuickBooks Online means that you are looking at the most current and accurate data.
SEE LEANLAW’S ATTORNEY COMPENSATION FEATURE
Get Paid Faster: Automate Your Workflows
If your time is pushed directly to your invoice and you can send the invoice electronically — you will get paid faster. And you won’t have to spend time re-explaining the charge to the client because it will be fresh in the client’s mind. If you wait over a month, the client forgets what the invoice is for.
The QuickBooks Online Platform connects you to the Intuit Payment Network — faster and cheaper than other online payment vendors. Then, you can gather insights from your integrated payment data sets – all within LeanLaw.
There are many more features in LeanLaw that help you build a better law practice. You can check out all of our demo videos here.
Jonathon Fishman, two-time founder with an exit of $25 million. He has 20 years of C level experience specific to B2B focused software and solutions. He has a knack for translating and interpreting market conditions into internal and external objectives. He has developed businesses around immature markets in the areas of tele-health, educational assessment, interactive television, video game and web development and mobile technology. He’s also a crazy Lakers fan!
Published by
The LeanLaw Team
The LeanLaw Team is the legal-finance content team behind LeanLaw — the billing, trust accounting, and revenue-reporting platform built natively on QuickBooks Online. Drawing on years of work alongside law firms and the accountants who serve them, the team writes about trust accounting, IOLTA compliance, legal billing, and law-firm financial operations. LeanLaw is a QuickBooks Online Premium App Partner.