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Software - General Ledger / Accounts Payable

LSSe64 includes powerful General Ledger and Accounts Payable components that are fully integrated with the LSSe64 Client Accounting system.  All of these components are designed from the ground up to seamlessly work together in order to provide our clients with the highest level of efficiency and accuracy in the management of their financial data.  Below are just a few highlights of the LSSe64 General Ledger and Accounts Payable components.

Accounts payable and check writing

LSS provides more than just check writing capabilities – it is a true accounts payable system.  Accounts Payable transactions can be entered with scheduled payment dates or in batches if desired.  The system can then produce “Cash Requirements” reports based on scheduled payment dates, batches, vendors, offices and more.  LSS supports multiple offices and virtually unlimited checking and trust accounts.

Accounts Payable provides for several different transaction types, including:

      - payments not related to a client (firm expenses)
      - client expenses that can be billed once the check is written
      - client expenses that can be billed before the check is written
      - client disbursement credits (credits, voids, refunds that offset other A/P transactions)
      - client trust disbursements
      - refunds of client credit balances
      - refunds of client retainer balances

When selecting a vendor for payment, the system provides the option to choose from predefined “saved transactions” to automatically populate things like payment reference, check memo, account numbers and amounts.  Recurring transactions can also be defined for payments that are made on a preset schedule.

Checks can be produced on either a “one-off” basis or in groups.  Checks for a group of transactions can be generated by multi-selecting transactions with the mouse, or by entering criteria such as payment date range, batch number, vendor, type or office.

If a posted check ever needs to be voided or reversed, a simple mouse click automatically generates the reversing transactions – including necessary Client Accounting transactions where applicable.


LSS provides for budgeting by month and year for individual G/L account numbers and, optionally, by department, office and suffix (i.e. timekeeper) extensions.  Monthly budgets can be fixed (the same amount for each month) or variable (differing amounts by month).  Budget details can be printed using the budget report or they can be easily exported to Excel.

On the G/L and A/P Inquiry dashboard, budget comparisons by month, with totals for the year, are presented in both table and chart form.  When selecting a group of accounts on the Inquiry dashboard, the budget comparison reflects all of the accounts within the selected group.

LSS includes many standard versions of the Income Statement report – three of which include budget comparisons.  There is a month-to-date budget comparison, a year-to-date budget comparison or a combined month and year-to-date budget comparison.  Each of which includes the option to show the actual-to-budget variance in either dollars or as a percentage.

Comprehensive real-time dashboards

The G/L and A/P Inquiry dashboard displays real-time information for any selected account number or reporting group.  This includes opening balance, total debits, total credits, net monthly change and closing balance by month, fiscal quarter and fiscal year for any accounting period.  Also included are daily, weekly and monthly charts, a budget table and chart, as well as full transaction detail for the selected time period.

A charting tab provides for additional graphing capabilities including 1, 3, 5 and 10-year histories as well as account or reporting group allocations by account, department, office, suffix and vendor.

Individual dashboards for Accounts Payable and Journal Entries provide detailed transaction history with the ability to search by accounting period, transaction date range, payment date range, transaction source, transaction type, check number, client/matter number, min/max amount and more.  Individual transactions can be opened to view full details along with any attached invoice images.