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ABA Legal Technology Buyers Guide

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CosmoLex

Web Based Legal Practice Management & Accounting Software

CosmoLex

Run Your Entire Practice On CosmoLex

All The Tools You Need In One Login. No QuickBooksTM Required!

Build a Better Law Practice – with CosmoLex Legal Practice Management Software

CosmoLex is the one solution that lets solo attorneys & small law firms manage their practice, billing, AND accounting, all in one login (No QuickBooks™ required). CosmoLex users can eliminate the need to maintain multiple programs because CosmoLex does it all -- including time & expense tracking, billing, business accounting, trust (IOLTA) accounting, calendaring, task, email & document management, even secure client communications-- in one web-based application.

  • Free Data Migration Assistance
  • Free Login for External Accountant or Bookkeeper
  • Built-In LawPay with No Monthly Fee (We cover the $20/month!).
  • Free Unlimited Support

Try CosmoLex Law Practice Management Software for free today and see how it streamlines your practice.

News: CosmoLex 
  • Tech Tip #167: Prevent Client Ledger Overdrafts October 17, 2017 10:07am

    Over drafting a client ledger can spell major trouble for your firm. For firms using QuickBooks Online (QBO) or other general business purpose accounting software, there’s usually nothing preventing you from over-drafting the ledger. If you’re using a general accounting software, inquire how overdrafts are handled, then switch to a legal-specific solution that has safeguards in […] The post Tech Tip #167: Prevent Client Ledger Overdrafts appeared first on CosmoLex.
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  • Tech Tip #166: Don’t Depend on Workarounds To Generate 3-Way Trust Reconciliations October 12, 2017 1:19pm

    3-way reconciliation reports are the holy grail of trust accounting. Most jurisdictions mandate it. For firms using QuickBooks Online (QBO), generating a 3-way reconciliation report requires them to create workarounds. Sure, QBO can create multiple reports that show the individual balances needed to create a 3-way reconciliation report, but it cannot run a unified summary […] The post Tech Tip #166: Don’t Depend on Workarounds To Generate 3-Way Trust Reconciliations appeared first on Cos...
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  • Tech Tip #165: Find an Accounting Solution With Rate Flexibility October 10, 2017 2:22pm

    Law firms charge different rates based on several different factors. If your firm uses QuickBooks Online (QBO) or other general accounting software you may have an issue setting different rates for the same service for different clients. This results in a long list of services and difficult to manage. It is possible to find add-ons […] The post Tech Tip #165: Find an Accounting Solution With Rate Flexibility appeared first on CosmoLex.
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  • Critical QuickBooks Online Billing Challenges for Law Firms October 5, 2017 5:57pm

    Previously we discussed the trust accounting challenges associated with attorneys using Quickbooks Online as identified by industry expert Caren Schwartz. While trust accounting is an extremely challenging area for attorneys and there are a number of challenges presented to them when using Quickbooks Online (QBO), the challenges don’t stop there. For attorneys utilizing QBO, they […] The post Critical QuickBooks Online Billing Challenges for Law Firms appeared first on CosmoLex.
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  • Tech Tip #164: QBO Won’t Manage Evergreen Retainers October 4, 2017 5:58pm

    Some firms make use of an evergreen retainer when – as the trust balance is reduced – the client is asked to provide additional funds to bring the retainer back to a certain level. QuickBooks Online cannot do this automatically, which means the firm must constantly run reports and correspond with the client to request funds. […] The post Tech Tip #164: QBO Won’t Manage Evergreen Retainers appeared first on CosmoLex.
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  • Tech Tip #163: Errors Are Created In QBO When Data Can’t Be Locked Down September 28, 2017 11:15am

    Quickbooks Online allows bank reconciliations at any time, but there is limited ability to lock down the data. If you are using a general accounting platform, though you can reconcile data to ensure all transactions are present, you must be careful they are properly coded (including the customer), as this is not automatic or necessarily […] The post Tech Tip #163: Errors Are Created In QBO When Data Can’t Be Locked Down appeared first on CosmoLex.
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Web Site: www.cosmolex.com 

Information

  • CosmoLex
    1100 Cornwall Road, Suite 215
    Monmouth Junction, New Jersey 08852
    United States
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    www.cosmolex.com
  • Videos1
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  • News6
  • Last UpdatedOctober 20, 2017 8:04am EDT

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Inclusion in the ABA Legal Technology Buyer’s Guide does not constitute or imply an endorsement or recommendation of the product, process, or service by the American Bar Association, the ABA Legal Technology Resource Center, or the ABA Law Practice Division. Listings are maintained by the vendors and do not necessarily reflect the views of the ABA. Many listings in this Buyer’s Guide are sponsored/paid placements.