• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
Bill4Time

Bill4Time

Time Billing Software

  • Call Us: 877-245-5484
  • Features
  • Support
  • Sign-In
  • Get Started

legal billing software

How to Get Your Legal Clients to Pay Your Faster

April 13, 2021 By Andrew McDermott Leave a Comment

These steps will show you how to get your legal clients to pay you faster by creating better billing practices at your law firm.

The best way to avoid payment delays is by offering flexible and accessible options. If your firm isn’t accepting online payments or automating the billing process, you may be missing out on the opportunity to get paid faster.

Time entries are like gold

You want to treat your timesheets like treasure or precious cargo, your line items like important inventory in your store. Each line item is a unit of revenue. The easier it is for your clients to pay your invoice, the more likely they will pay you faster.

Before we continue I’m going to assume that you’ve: 

  1. Followed billing best practices and communicated your fees to your clients clearly.
  2. That you’re following state, local and client guidelines, to the letter.
  3. Handled or eliminated any billing disputes ahead of time.

If you’re unsure about these billing issues and you have outstanding invoices, take the time to go through the links above first. If you’ve already addressed these issues, you’re ready for the next step, optimizing your online payments. 

A 2017 study by TSYS found that when it comes to making one-time online payments, 76 percent of clients prefer to use their credit or debit cards. That figure jumped up from 58 percent in 2016. The legal industry has been slow to adapt, while small firms are still primarily accepting checks. 

Getting paid 70% faster

Accepting online payments is the easiest way to speed up receivables. Research shows attorneys who accept online payments are paid 70 percent faster. Faster means you need less working capital to manage your firm. 

Here are several strategies you can use to get clients to pay faster:

  1. Schedule client payments ahead of time. If you and your clients agree on the payment terms and conditions ahead of time, you can offer to schedule payments ahead of time. This set it and forget it method may be attractive to your clients and increase on-time payments.
  2. Use online payments to get paid faster. Your clients are used to paying online for everyday purchases and their legal services should be no different. Payments processors, like Bill4Time Payments, are designed for the legal industry. Bill4Time Payments is easy to use and built-in to your Bill4Time account. Activation is easy and your clients will appreciate the added convenience.
FREE TRIAL

Filed Under: Blog Tagged With: legal billing software

Release Notes: February 2017

February 10, 2017 By Bill4Time Staff 7 Comments

The Bill4Time product team releases new and enhanced features, system improvements, and bug fixes several times per week. We’re thrilled to announce a new series called Release Notes. Every month Release Notes will highlight all the changes we’ve implemented, so you can easily stay up-to-date on what’s new.

Take a look at what we’ve released this February:

 

Updated 2/24/17

New and Improved Schedule Report – We have completely overhauled the Schedule Report. This was the final report to transition from the Legacy version of Bill4Time to our new reports engine. This new report includes all the same functionality as before, and we’ve also added a filter for Project Type.

User Hours Summary Invoice Template Add-On – We’ve fixed a bug that was causing extraordinarily long project names to format incorrectly.

Added Server Capacity – We’ve more than doubled our server capacity. This change was made in an effort to improve load speeds and decrease latency for users.

Favorite Report Filters  – There is now a new Date Range option when saving filters to a Favorite report. You may now select ‘Last Month’ and the report will pull data using a date range  spanning from the first to last day of the month preceding the current month.

Project Type Filter – We’ve added a new filter to the Project Management page, which allows you to filter results for one or more Project Types. (Project Type column is coming soon!)

A/R Balances Summary Invoice Template Add-On – The A/R Balances Summary add-on is now available when using the ‘Official’ design template.

Trust Payments by Batch – We’ve resolved an issue where the Trust Account dropdown list was not always populating appropriately when making trust payments within a batch.

 

Updated 2/17/17

Conflict Checker – Advancements to the Conflict Checker have been released. Top right, click the check mark icon to access your Conflict Checker from any page. Full post here

The highlighted section contains a new button used to access the Conflict Checker.

Invoice Email Popup – We’ve resolved a small display bug where the Invoice Email popup was not formatted using the same size when opened in various places in the program. This popup is now consistently formatted throughout the program.

 

Updated 2/15/17

Invoice Status Report – We’ve added the option to group by Project and Account Manager when running this report.

Streamlined Setup Wizard – The Setup Wizard has been updated to make it easier to customize your Activity Types when first setting up your Bill4Time account.

 

Updated 2/10/17

Attach/Hide Trust Accounting Summary – We’ve enhanced this feature to allow the Trust Account Summary Add-On to be hidden when there is no new transaction data to display.

WIP Summary Report – We’ve added the option to group by Account Manager when running this report.

Project Type Report – The filter option for Project Type now allows you to select multiple types when running this report.

iPad app Data Download – We’ve resolved an issue for users downloading an extraordinarily large volume of data.

Tax Report Update – This report now groups by currency symbol by default.

Bill4Time Desktop Widget for Mac – Full post here


 

This post will be periodically updated throughout the month to reflect new releases. 

 

Filed Under: Blog, What's New Tagged With: Blog, Help & Support, legal billing software, Release Notes, time billing software

Maximize Revenue with Accurate Time Tracking

June 11, 2015 By Bill4Time Staff Leave a Comment

measuring-time-bill4timePhone calls, emails and other interruptions distract us every day. For many legal professionals, it’s easy to lose track of billable time. [Read more…] about Maximize Revenue with Accurate Time Tracking

Filed Under: Blog, Legal, Small Business Tagged With: American Bar Association’s Law Practice Management Section, legal billing software, legal time billing software, time billing software

Snap, Tap, Done – Bill4Time New Expense Tracking Feature

March 23, 2015 By Youssef Sleiman 2 Comments

Tracking expenses no longer means a wallet full of receipts. Discover paperless expense tracking with Bill4Time’s newest feature for iPhone, Android, Kindle and Blackberry users.

[Read more…] about Snap, Tap, Done – Bill4Time New Expense Tracking Feature

Filed Under: Accounting, Blog, News, Small Business, What's New Tagged With: Bill4Time, Blog, expenses, legal billing software, Mobile

Holiday Giving: Smart Marketing with a Discount

December 10, 2014 By Youssef Sleiman Leave a Comment

During the holiday season, we remember the gifts we’ve been given and wish you all the joy of the season. Speaking of the season of giving, do you know what you’re getting your clients?

[Read more…] about Holiday Giving: Smart Marketing with a Discount

Filed Under: Blog, Small Business, What's New Tagged With: business, customer service, discount, invoicing software, legal billing software, time billing software

Laptop Life and Working Your Workflow

November 26, 2014 By Youssef Sleiman Leave a Comment

The professional world begins and ends with tasks and projects. And real professionals know how to create a truly flowing workflow with just a laptop.

[Read more…] about Laptop Life and Working Your Workflow

Filed Under: Blog, Legal, Small Business, Time Management Tagged With: accounting, Bill4Time, legal billing software, time billing software

  • Go to page 1
  • Go to page 2
  • Go to Next Page »

Primary Sidebar

The best way to manage your practice online.

Topics

Recent Posts

  • 7 Tips for Performing a Needs Assessment for Law Firms
  • Lawyer Networking Best Practices: A Modern Approach
  • How to Transition to a Virtual Law Office: 5 Key Benefits
  • 4 Reasons Why Multiple Payment Methods Can Increase Law Firm Revenue
  • 5 Tips to Reduce Legal Administrative Tasks

Copyright © 2022 · Genesis Sample Updated On Genesis Framework · WordPress · Log in

  • Home
  • Get Started
  • Vulnerability Reporting Policy