Billing, timekeeping, and, actually, all issues accounting have lengthy been low on the checklist of duties attorneys need to cope with. A lot of this dread comes from the truth that these had been traditionally handbook duties that had been tedious and time-consuming, and whilst applied sciences emerged to assist with them, they had been inefficient and something however user-friendly.
MyCase, an trade chief in observe administration, has been always revolutionizing legislation agency accounting and simplifying the accounting duties that legislation corporations have to carry out to be able to run a profitable enterprise. Their absolutely built-in platform places accounting duties proper the place you handle your issues and deal with crucial authorized work, making it simple to unify each facet of your observe from begin to end. MyCase was designed from the bottom as much as serve the authorized trade, quite than cobbling collectively options from different industries and attempting to pressure them into the legislation agency mould.
You don’t have time to waste on determining how you can use your know-how or juggling numerous methods to finish fundamental accounting duties. MyCase provides you the true end-to-end administration capabilities it’s essential run your observe from consumer consumption to closing fee.
Along with serving to you receives a commission sooner and providing environment friendly options like common funds and superior integrations, you’ll admire MyCase as a result of it’s, fairly merely, simple to make use of. A greater person expertise, handy account reconciliation, and insightful reporting are simply extra methods MyCase is simplifying legislation agency accounting.
Superior Consumer Expertise
In designing its observe administration answer, MyCase set a excessive bar for buyer expertise, constructing most of their crucial options in-house and integrating timekeeping, billing, and invoicing into the identical system the place you handle your issues daily.
The result’s a person expertise that can really feel acquainted, as a result of it’s extremely just like what you see in as we speak’s hottest accounting software program. Your entire thought behind the answer was that it may very well be constructed straight into your authorized observe administration answer, making it easy and simple to make use of – a stark distinction to earlier billing and accounting instruments.
Amongst different issues, having your accounting instrument in the identical place as your observe administration means no clunky or complicated integrations, and no have to toggle backwards and forwards between completely different methods simply to finish a few of your commonest but crucial enterprise features.
Furthermore, conventional accounting software program – even among the greatest names out there – merely weren’t constructed with authorized accounting in thoughts. What meaning as a sensible matter is that managing your accounts may be nothing in need of a nightmare, to not point out the truth that you could possibly be placing your self liable to operating afoul of State Bar rules.
With MyCase, you’ll be able to relaxation simple. Designed particularly for the authorized trade, this user-friendly answer simplifies matter- and trust-related accounting for customers throughout your agency.
Three-Approach Account Reconciliation
Account reconciliation could sound just like the lingo of accounting professionals quite than legal professionals, however MyCase makes it easy for everybody. All of it begins together with your MyCase Ledger Stability.
MyCase Accounting permits you to use your ledger stability to rapidly and simply reconcile each your working and belief accounts. Reconciling your working account tends to be extra easy, as a result of it’s a single reconciliation between your ledger and your financial institution assertion. Belief account reconciliation tends to confuse folks extra, however MyCase makes that simple, too.
In contrast to different methods the place belief account reconciliation entails pulling in info from a number of disparate methods, MyCase enables you to reconcile your belief account out of your ledger stability, evaluating it to the checking account and transactions you’ve entered in MyCase.
You merely verify off transactions as you go, and MyCase will reconcile your financial institution assertion, ledger stability, and your consumer belief account stability in a single step. When you’ve checked off all transactions, your books will flip inexperienced, which tells you that your three-way reconciliation has been profitable. With the whole lot in a single answer, you’ll save important time every month, and may get rid of complicated or tedious bookkeeping.
MyCase makes it simple to maintain your agency’s normal ledger correct and up-to-date. Higher but, it shops all of your work so you’ll be able to generate Belief Reconciliation Stories as wanted and at all times be capable to simply present that you just’re in compliance with State Bar Guidelines and Laws relating to belief accounting.
Higher Reporting for Higher Insights
Whereas having know-how that handles the mechanics of accounting is definitely vital, any great tool also needs to offer you sturdy reporting capabilities. MyCase has you lined and allows you to simply entry the crucial monetary insights it’s essential greatest handle your observe.
MyCase’s Stories tab permits you to create and overview personalized reviews on each a money or accruals foundation.
A wide range of reviews offer you a holistic overview of your agency’s operations, together with general efficiency and progress, so you may make higher, extra knowledgeable enterprise selections. For instance, your Stability Sheet gives a snapshot of your agency’s belongings, liabilities, and fairness, whereas your Revenue and Loss report gives you an summary of your income and bills at a look for any given interval.
You may customise these reviews as mandatory, specializing in discrete features of your agency’s funds or operating a full breakdown of every particular person account in your Normal Ledger. Whenever you’re performed, you’ll be able to print your reviews or export them to PDF or CSV to be shared with different stakeholders in your agency.
Regardless of what earlier applied sciences could have led you to assume, legislation agency accounting doesn’t need to be difficult. Reconciling accounts and operating reviews shouldn’t trigger you complications or take up an extreme quantity of your time. These duties ought to be easy, and somebody has lastly made {that a} actuality.
MyCase makes legislation agency accounting simple – the way in which it ought to be.
