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Flexibility
LSS includes a truly comprehensive
set of financial reports so you
don't have to design your own.
And each report already includes
literally dozens of of selection,
sort, and formatting options. Reports can be printed to
paper, generated electronically, displayed on-screen, emailed to
another user, or formatted for other popular applications like Word
or Excel.
Efficiency
With LSS, you don't need to write
your own queries. The reports
that law firms need are already
built into the system. With
just one or two mouse clicks, you
have access to all your financial
information. The system can
even be configured to generate and
deliver reports automatically, based
on your own user-defined schedule.
Financial
Inquiries
On-screen "dashboard" inquiries provide instant access to a
wide range of financial information about clients, matters,
attorneys, vendors, invoices, checking accounts, and more.
Everything from summary statistics to full accounting detail is
available with the click of a button.
Customized Reporting
You
won't ever be forced into writing your own complicated queries or reports. LSS
will provide custom reporting solutions for any special requirement,
and all custom reports are fully-supported in future system updates.
For those firms that want to develop custom reports
on their own; LSS financial
data can be accessed via most ODBC compliant applications like Excel,
Access, Crystal Reports, and others.
Auditing and Control
LSS provides important
self-auditing features not found in other systems. Built-in audit
controls will confirm that client information from Time Accounting
always agrees with account balances in General Ledger. LSS
eliminates the process of manually balancing accounting with
billing each month.
More Information
Visit our Software Details
page for information about other LSS
Financial Management features.
more >>
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Paperless
Invoice Management
In much the same way that you can attach files to an email,
LSS allows you to attach files to any workflow check request
or accounts payable transaction. If you scan a vendor invoice
to a file on your Windows desktop, you can attach that image
directly to the check request or accounts payable entry. Virtually
every type of electronic
file format is supported - PDF, Excel, Word and more.
Attached
files are automatically linked to their respective vendor,
invoice number, check number, and even to unbilled client
expense records. This means that you can instantly access
the image of an original invoice - right on your screen.
And since the attached files are linked to unbilled client
expense transactions, LSS can print all the invoices
associated with items being billed to a particular case. From one
request screen, the system will automatically print all
files that are attached to expenses currently being billed
for a select group of clients and matters.
LSS Financial Reporting
Features:
- Real-time Reporting
- Cash,
Modified Cash or Accrual
Accounting
- Reporting by Account, Office,
Department and/or Individual
- Trial Balance (two versions -
Consolidated and Detail)
- Balance Sheet (two versions - General
and Detail)
- Monthly and Yearly Income Statement
(six versions)
- Individual Partner Income Statement
- Budgeting by Account, Office,
Department and/or Individual
- Cash Requirements Reporting
- Historical Analysis (maintain up to 99
years of
transaction detail)
- Statement of Partner Equity
- Source and Use of Funds
- Auditing and Automatic Reconciliation
with Client Balances
- Daily Operating Control |
