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For Timekeeping & Billing Software, the following are essential features, and you should therefore expect to see a check in every box in this section.
Provide detailed estimates to your clients before generating an invoice or tracking any actual time.
Track expenses as well as time so you can bill them to your clients.
Generate reports from timekeeping records to profits per partner. Note that some options have much more robust reporting features than others. If you know you will need a particular report, get a demo or trial to make sure you can get it.
Accept credit card or eCheck/ACH payments on invoices. Note that some billing software integrates with third-party payment services but don't provide a built-in payment solution.
Set up payment plans and subscriptions with automatic recurring payments.
Basic bookkeeping means basic, checkbook register–style bookkeeping, not full accounting. You will still need accounting software.
Some timekeeping and billing software includes basic document management so that you can add documents and associate them with your cases/matters.
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TimeSolv is a cloud-based application that can be used in any modern browser on a computer or mobile device.
As of this review, TimeSolv pricing starts as $39.95 per year for one user, paid monthly.
TimeSolv does not integrate directly with any Law Practice Mangement Software, although, using their Open API, a firm could directly integrate many of the modern cloud-based systems.
Yes. One of the standout features of TimeSolv is a law firm's ability to automate billing, collection of A/R, and even monthly payments
Yes. As of this review, TimeSolv boasts a two-way sync with QuickBooks, and a one-way sync with Xero.
Yes. TimeSolv integrates with LawPay, including a client portal where clients can view and pay their invoices.
TimeSolv has specific data converters for TimeSlips, ProLaw, and Tabs3 which should make migration relatively painless. Additionally, they have a long history of helping attorneys migrate from many different billing platforms.
Yes. Though the LawPay integration, your law firm can accept credit card and ACH charges electronically.
Yes. TimeSolv has very in-depth, granular reporting for managing your law firm.
Yes. As a cloud-based application, TimeSolv works just we well on a Mac as a PC.
In creating their timekeeping and billing platform, TimeSolv has also included simple project and task management features. This is essentially the flip-side of the estimating feature below. Here, subscribers can create tasks within their matters, associate users with those tasks, allot amounts of time to do the task, and track whether the task has been completed or not. Although this isn’t as thorough as Asana or Monday, some practices may find that this amount of project management is all that they need and they can forgo the LPMS system.
TimeSolv lets you create and track a budget for your firm. You can estimate matter costs to more confidently inform clients what kind of costs to expect. It will also help you determine when a fixed fee is your best choice. It is also trust account compliant, offers flexible billing options, and offers LEDES 1998B, 1998BI, Chubbs, and Litigation Advisor electronic billing formats.
With over 30 reports to help you track firm performance, you can easily keep track of tasks like, assessing how your billing is doing versus your projected budget, discovering which member of your firm is most profitable, or simply obtaining task summaries grouped by person or task.
TimeSolve seamlessly integrates with both LawPay and Lexcharge. This allows you to quickly and easily start (or continue) to take online payments from your clients. You can take credit card or ACH payments and still comply with the ethical obligations of your Trust account.
Through its integration with LawPay and Lexcharge, TimeSolv allows you to store client credit card information so you can easily charge your clients for services rendered without them re-entering their information every month.
TimeSolv is not a complete accounting system for your firm. It’s missing a few things like accounts payable and check writing. But, at the same time, it’s not trying to compete in that sphere. Instead, they have a two-way synchronization with QuickBooks Online, QuickBooks Desktop, and Xero. Do your billing and time tracking in TimeSolve. But, take care of your payroll, your malpractice insurance, and other firm obligations with your accounting software.
TimeSolv has been at this for a while. Which is why they have a specific conversion tool to help users auto-migrate from several legacy desktop timekeeping and billing programs. These migrations typically handle getting your starting balances into the system and your account structure setup.
For a few specific programs, though, TimeSolve provides a full historical conversion of your data. This means that if you’re using an application like TimeSlips or Tabs3, they can rebuild your historical data (even invoice images) for you, so you won’t miss a beat.
TimeSolv encrypts data transmitted between your browser and its servers using 256-bit (bank-grade) encryption. They also host you data on Amazon Web Services (AWS) servers. These servers have classically had both high security and high uptime. In addition to all of this, they encrypt every password on the platform, employees do not have access to your client data, and they perform backups daily in real-time.
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