Trust Account Management
Funds in the attorney trust account must be administered in an ethical, and transparent manner, and according to all the managerial policies and regulations of the particular legal practice. Making use of these funds, and being able to track every transaction that enters or leaves an account, it is essential to avoid conflicts and to guarantee an adequate trust fund management of your law firm.
The funds coming from the attorney trust account are not the only ones used to cover the fees or the services provided by the firm. There is a wide variety of legal matters that are carried out within a law firm and that are paid by your clients in cash, check, or card according to the payment methods accepted by your firm.
Efficient Trust Fund Management
Trust account software for attorneys also used for other accounts in the firm, is a great trust fund management system that allows you to take control of each financial move more efficiently, and to know the balance of your accounts to take actions accordingly.
Trust Account Management System Features
You can create trust accounts and operational accounts.
Add or delete columns with information in a personalized manner
Edit your account information.
Generate new transactions directly from the module.
Transfer funds between accounts quickly and effortlessly.
Search transactions through advanced filters.
Check the balance of accounts with just one click.
Export transactions for the accounting system.
Track transactions by account, case, client, origin, destination and reference.
It integrates with the case management modules and clients.
For a successful trust fund management in the trust and operating accounts, a consistent integration with the time tracking and billing process is required.
Our trust account software for attorneys allows deposits received by clients to be registered immediately, affecting both client transactions and those in the trust or operational account. Likewise, when creating invoices it is straightforward to apply or transfer funds from the trust account, and automatically record balance deduction both in the client's account and in the balance of each case.
Why a Trust Account Management Software?
The use of trust account software for attorneys to complete tasks that are more of an accounting or administrative nature than a legal nature is an asset that provides security to attorneys on the thorough record of transactions linked to funds they may have. These funds do not belong to them until they have covered the legal services for which they were deposited. On the other hand, it protects attorneys from client's claims, and from being subject to disciplinary actions for violations of the codes and regulations established during routine audits.
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