Archive for Cosmolex

Cosmolex Gets New Features and Look

The strength of Cosmolex has been it’s inclusion of billing and accounting, no other software needed. Now, Cosmolex has expanded the capabilities to offer additional functionality and it is targeting mid-market firms beyond the solo to 5 user for which it has been known.

Cosmolex has introduced a new user experience along with new features. The new features include custom search and additional reporting options, as well as the ability to create and report on custom fields. Cosmolex has also added the ability to download a database of Cosmolex merge fields and then add these fields to word templates for document assembly.

You can read more about what’s new in an article published by our friends at Insightful Accountant. Or contact us for information, a demo. You can also sign up for a free trial.

CosmoLex Update – Accounts Payable

Tracking what you owe and when you need to pay it is important for all firms. You want to make sure you pay the bill in a timely manner to avoid interest and, if discounts are offered you want to take advantage of the discount. At the same time you want to manage cash flow and not pay before you need to.

For law firms there are additional factors to consider. Is the bill being paid from IOLTA or operating? Has the client reimbursed for the expense yet and can you wait to pay until the client has paid? Is the bill a responsibility of a client and the firm is managing it pending settlement?

With it’s latest cloud update Cosmolex has added Accounts Payable to it’s product functionality. This important feature addresses managing all aspects of Accounts Payable.

Rather than reiterate all the capabilities here, I recommend you check out Robert Ambrogi’s excellent blog article and the press release from Cosmolex. Cosmolex has also created a white paper that explores the various aspect of managing Accounts Payable in a law firm. The white paper is worth reading whether or not you are using Cosmolex as it explores the concepts that affect Accounts Payable in law firms in a product neutral manner. You can find it at Accounts Payable – What Lawyers Need to Know

Top 10 Challenges of QuickBooks for Law Firms

Recently I did a webinar, sponsored by Cosmolex on the Top 10 Challenges of QuickBooks for Law Firms.

Are you are a law firm currently using QuickBooks and wondering if Cosmolex, or something else would be better?

Are you thinking about using QuickBooks?

If so, you might benefit from watching this recording of the webinar. I review the top challenges and provide some suggestions on dealing with them in QuickBooks.
At the end Cosmolex shows how they deal with the issues. If you are not interested in Cosmolex you can just end your viewing. But, whether or not your are interested in Cosmolex, the webinar will help you understand the limitations of QuickBooks for law firms and make a more informed decision

The recording can be found at https://www.cosmolex.com/resources/webinars/?video=10-quickbooks-challenges

Questions after viewing – please contact us for help.