While reconciling your bank accounts monthly is important, for trust accounting, it is an absolute requirement. This is the one way to catch entry mistakes, as well as bank mistakes and ensure they are resolved as soon as possible. Since this is a “necessary evil” we aim to make this process as painless as possible. […]

If you ask people to reel off a list of some of the most educated professions, the legal profession will undoubtedly get a mention. Educated professionals across different industries have always utilized technology to increase their business’s ability to operate efficiently. Getting attorneys to adopt new technologies to improve the operations of their firm hasn’t […]

Let’s face it, many of us use credit cards for business and client expenses, but very few of us keep a daily record of those items. Even if you do, quite often things are missed. With our latest Import Transaction feature, once your monthly cycle is complete, you can import your credit card statement and […]

Online invoice payment is not only convenient for your clients but with the integration of LawPay within CosmoLex, receiving payment becomes a completely automatic and seamless process. With many programs, online payments simply mean receiving the payment online, but you still need to make the entry within your billing system. In the case of CosmoLex & LawPay, […]

Every year businesses look at the new year as a time to set goals that will hopefully bring their business to new heights in the coming year. Law firms are no different. Quite often when lawyers reflect upon the previous year, they are thrilled with how they actually practiced law, but the management of their […]

We have added credit card processing to CosmoLex through LawPay. Those who already have a LawPay account, you can go ahead and set up your integration in a few easy steps. This will allow you to receive retainers, other deposits and invoice payment all by credit card within CosmoLex. Here are the steps to do so: […]

As you all know, trust accounting is no joke. You need to keep on top of compliance regulations to ensure no issues occur come audit time. In the past, trust accounting was often kept outside of a Firm’s Legal Practice Management system. That creates many inefficiencies which lead to serious errors. Fortunately, CosmoLex fully integrates […]

As a lawyer managing their own firm, you understand the need to generate business. Without clients, your rent doesn’t get paid, your attorneys and employees don’t get paid, your lights get turned off, and your firm will ultimately fail. I’m fairly confident you don’t want to start a new job search or fire any of […]

One of the easiest ways to lose income is to forget to seek reimbursement for matter costs. We have a new and improved Post to Matter function which allows you to record the out of pocket expense, post to the matter and make the proper accounting entry all at the same time. Even better is […]

The heart of all business accounting is your General Ledger, which is led by your Chart of Accounts. This is where each and every transaction is mapped to for your proper reporting, like your profit & loss and balance sheet. CosmoLex not only provides the standard accounts but also those which are legal-specific, eliminating the […]