Straightforward, effective management of your firm’s finances alongside specialist legal accounts. Being a system specifically designed for Legal Accounts, Insight Legal comprehensively deals with client and matter accounting.
There are separate sections for client, office and deposit accounts but they all reside within one client ledger, meaning you can easily view and manage all the different transactions that take place.
Law firms have a unique accounting requirement. Firms need to handle client money entirely separately to their office account, record disbursements against clients, record time and costs for work done and produce correct bills, all whilst ensuring they are abiding by the rules and regulations stipulated by government and other bodies such as the Law Society or SRA.
Insight Legal accounting functionality is designed with the legal cashier in mind. We know that you need to process your transactions quickly and easily, and we know that you don’t have time for complicated month or year end routines. With straightforward posting routines and built-in electronic posting requests, you can save time and effort, whilst minimising the risk of errors.
Legal accounting requirements are different in Scotland compared to England & Wales, NI and ROI. Our accounts package is tailored and compliant for each jurisdiction to ensure that you are compliant with the Law Society or SRA Accounts Rules applicable to your area.
COLPs and COFAs say of our legal accounts product that it is intuitive and is designed to encourage good financial management practices.
To manage a Law Firm effectively you need to know how you are performing as a business, so Insight ensures that all the information that you input comes together to form detailed financial analysis and an exceptional suite of reports. With Insight Legal, your legal accounts software will assist with managing expenditure against budgets, reconciling bank accounts, producing and submitting a VAT return, performing cash-flow forecasts and much more.
Insight Legal is packed with user-friendly features and time saving short-cuts that will make life easier for your accounts department. From user-friendly bank reconciliations to the facility for multiple open financial periods, not to mention cheque printing, posting requests, batch posting and transaction drill-down, there is plenty that your accounts staff will love about the Insight Legal accounts system.
When it comes to month or year end, Insight Legal makes the process a breeze, with the option of leaving periods open as long as you wish, and comprehensive reports that can be prepared at the click of a button to satisfy the requirements of partners, accountants and auditors alike.
There are many tools built in to the software to aid compliance, and each firm has the flexibility to build processes to meet their requirements. From customisable reports for potential breaches and residual balances, to flexible interest calculation tools with auto-posting options, Insight Legal ensures your compliance whilst keeping you in control.
Book a demo to see how Insight Legal Software can exceed your legal accounts needs. Our software is designed specifically for UK and Ireland Law Firms.
Looking to see the tools we have available? Arrange an online demonstration of our software and one of our friendly team will give you a guided tour and answer all of your questions.
Our pricing structure is made deliberately simple. With no prohibitive upfront costs and a simple 30 day or 12 month rolling contract, create your bespoke legal software estimate.
For a practice choosing a new system, it is imperative that data from the old system can be brought forward to the new one. We are experts in data migration from over 40 different systems.
Insight Legal is an award-winning software solution, supported by a dedicated team of people on hand to work alongside you to plan a bespoke transition according to your exact needs.
Our Training is designed around the needs of your people and practice. Training doesn’t stop after the implementation phase - it’s available whenever and wherever you need it.
Firms can choose between storing data entirely on premise, in the cloud or a mixture of both. This combination of apps and flexible deployment means users have a responsive, easy to use system.
Many software companies charge an additional fee for their support service on top of the licence cost. With Insight Legal, software support is included in the price that you pay.Read more