Time, Fees and Billing Software that does a great deal more

This software is designed to address all the internal accounting needs of a professional practice that is engaged in selling time such as firms of accountants. Unlike the existing off the shelf packages with generalised capabilities, this is a “bespoke” program that uniquely combines a comprehensive ledger accounting system with a sophisticated time and fee management facility to create a powerful tool to manage all aspects of the practice accounts.

Having evolved in a professional firm environment, the system is fully compatible with the firms’ working practices requiring a minimum of familiarisation and formal training. Furthermore installation and changeover is exceptionally simple and once installed you would immediately relate to the system and can follow the routines intuitively.

The system incorporates many practical features that are completely unique and designed to handle with ease those tasks that normally prove most cumbersome. These features are also designed to maximise the practitioners financial control in those areas that are vital to firm’s prosperity such as income generation, fee collection and staffing costs.

Following are worthy of mentioning:

Caters for unlimited number of staff and clients
Comprehensive nominal ledger accounting with fully automated end of period routine
On screen time recording for staff and partners with practical authorisation procedures
Sophisticated time and fee management as integral part of the system
Flexible billing for fixed fee and time based clients with prompting mechanism to ensure timely billing for time spent by staff and partners
Sub-contractors’ ledger and remuneration facility with prompting mechanism to ensure timely and fully documented payment procedures
Fees ledger incorporating detailed clients’ accounts
WIP-records and controls
VAT accounting catering for varying VAT rates and applying correct VAT to “on-account” and “piece-meal” receipts and producing VAT Returns at the touch of a button
Detailed firm/partner and inter partner accounts
Banking control and cash management
Bank reconciliation with error detection and entry amendment facilities
Fully automated system for recurring payments
Collection of fees by standing orders, a fully automated system that ties in with all the relevant parts of the system such as VAT accounting and debt control
Outstanding and overdue fees at a glance with prompting mechanism to draw attention to those that need monitoring and built in facility for chasing firm’s debtors
A wealth of performance evaluation and cost control reports and documents for internal and external use produced on line at the touch of a button
System security, data backup, error minimisation, audit trail with facilities to trace and amend prime entries

Time and Fees software

Time and Fees Software

Authors and developers of specialist accounting software

Accounting Software for Professional Service Providers

Time, Fees and Billing Software that does a great deal more

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