TurboLaw Time and Billing Version 3 is coming soon (early Spring of 2014), and one of the biggest new features in this new version is the ability to set up separate “accounts” for your clients, such as trust & retainer accounts.
This new Accounts feature will allow you to enter and track deposits into the account, as well as payments (or withdrawals, depending on how you look at it) made out of the account.
Printing an account gives you a detailed overview of all activity on the account, including a complete list of all deposits & payments made to or from the account.
Accounts also have their own independent balance – separate from a client’s overall balance. Combined with new merge fields for your bill templates, this allows you the flexibility to track & bill your clients however you want.
Accounts can be categorized as either retainer accounts, trust accounts, or general accounts. Setting an account as a “retainer” account causes it to be included in the calculation for the “retainer remaining” or “retainer balance” field which is now available for use on bills.
Of course, accounts are completely optional – you don’t have to use them if you don’t want to. But if you’ve always wanted more fine-grained control and detail for retainers or trust accounts, this new accounts feature will give you exactly what you’ve been waiting for.
We’re very excited to bring you this and many other new features and improvements in TurboLaw Time and Billing Version 3! Stay tuned to our blog, Facebook, or Twitter for more details on what’s coming in this new version.
[note class=”info”]TurboLaw Time and Billing Version 3 is expected to be released early in the Spring of 2014 – if you’re a current subscriber, you’ll receive the new version automatically![/note]