What is sales ledger software?
Sales ledger software is designed to help law firms manage their sales transactions, track invoices and monitor outstanding payments. It ensures efficient financial management and helps maintain cash flow.
How can Lawsyst’s sales ledger software benefit my law firm?
Lawsyst allows your firm to streamline invoicing, track outstanding payments, and generate accurate financial reports, making it easier to manage client billing and collections. Our software improves cash flow and helps you stay on top of payments and client accounts.
What types of invoices can be generated with our sales ledger software?
Lawsyst's sales ledger software allows you to generate various types of invoices, including those for hourly billing, fixed fees, retainers, and disbursements.
Can I track payments for multiple clients and matters?
Yes, our software lets you track payments for individual clients and specific matters or cases, ensuring that you know exactly what’s been paid and what’s outstanding.
How does our sales ledger software handle VAT or other taxes?
Lawsyst sales ledger allows you to set up VAT rates and automatically applies the correct tax amount to each invoice, ensuring that your billing is compliant with tax regulations.
Can your software generate client statements and reports?
Yes, Lawsyst allows you to generate detailed client statements, showing all invoices, payments, and balances for a specified period. Reports can also be customised to include overdue invoices, payment history, and aging reports.
How does Lawsyst help with overdue payments?
Lawsyst creates aging reports that highlight overdue payments and outstanding invoices. It can also help you set up reminders or notifications for follow-up actions to ensure timely collections.
Can I apply payments to specific invoices or accounts?
Yes, our software allows you to apply payments to specific invoices or client accounts, making it easy to match payments with the correct invoices, and ensuring accurate record-keeping.
Can Lawsyst handle multiple currencies?
Yes, if your law firm deals with international clients, our software can support multi-currency transactions, ensuring that invoices and payments are processed in the correct currency with up-to-date exchange rates.
Can I set up different billing rates for different clients or matters?
Yes, Lawsyst allows you to define different billing rates for clients, matters, or staff, giving you flexibility in how you invoice clients based on their specific requirements.
How secure is the data stored in Lawsyst?
Lawsyst uses advanced encryption methods and secure access controls to protect your data, ensuring that only authorised personnel can access sensitive information.
Can I generate detailed financial reports from within Lawsyst?
Yes, you can generate comprehensive financial reports such as sales reports, outstanding balances, aging reports, and P&L statements. These reports can be customised for various periods and client groups.
Can I send invoices and reminders directly from the software?
Yes, you can generate and send invoices, as well as payment reminders, directly from the software via email, which streamlines the invoicing and collections process.
How does Lawsyst handle retainer payments?
Our software allows you to manage and track retainer payments by linking them to specific matters or clients, ensuring that any retainer amount is applied appropriately to future invoices.
Does your software offer features for managing payment plans or installment billing?
Yes, our software includes the ability to set up payment plans, allowing clients to pay invoices in installments. You can track these payments, manage due dates, and monitor outstanding balances.