What’s Inside?

QuickBooks might be a great resource for the average business owner, but the standard accounting software doesn’t meet the unique needs of a law firm. Instead, using QuickBooks to manage law firm accounts can create a multitude of unnecessary costs, complications, and risks.

• 1. No matter ledgers

• 2. No overdraft prevention.

• 3. Complex trust reporting process.

• 4. Lack of evergreen retainer support.

• 5. Too much flexibility.

• 6. Challenges with allocating revenue.

• 7. Fee distribution complications.

• 8. Double entry points.

• 9. No hard costs capabilities.

• 10. Poor retainer management.

Are you still using QuickBooks? Between the obvious financial cost (and the hidden costs of time and inconvenience), it’s time for a change. Upgrade to legal-specific accounting software like CosmoLex for more efficient accounting processes and compliant trust accounts.