Ledger software includes financial reporting, budgeting, recurring
auto check void, vendor history, 1099 reporting, check reconciliation,
paperless file management,
and customizable integration with other LSS components such as
Time Accounting, Accounts Payable and Payroll.
General Ledger eliminates unnecessary work by
integrating financial accounting with time and billing, trust accounting,
accounts payable, check reconciliation, document management and payroll.
From Time Accounting, you can post a payment, write-off, time entry, trust
deposit, or anything else that affects your general ledger, and LSS posts
the journal entries for you. Even when you reverse a prior bill or payment, LSS makes all the necessary journal entries.
General Ledger seamlessly integrates with all of the following:
- Time and Billing
- Trust Accounting
- Accounts Payable
- Check Reconciliation
- Microsoft Access
- Microsoft Excel
- Microsoft Word
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 general ledger transaction. For example, you can attach
a working spreadsheet as backup to a general ledger transaction.
Then, from any account detail inquiry, you can click the
attachment button to retrieve the spreadsheet associated with
that specific transaction. Virtually any type of electronic
file format is supported - PDF, Excel, Word and more.
firms can customize the integration to meet their particular
management needs. Cash, modified cash, accrual,
departmentalized, or by individual - to name just a few. The key to an efficient integrated
solution is to ensure that the system works the way you work. LSS has the flexibility necessary to meet the accounting needs
of nearly any law firm.
The LSS General Ledger
maintains up to 99 years of complete
transactional history on-line at all
times. Firms have the option of
locking prior accounting periods so
that no new information can be
posted, while still allowing for
reporting and other financial
voiding a transaction, simply identify
the cash account and check number, and LSS
automatically generates entries to completely reverse
and void the transaction. Everything is updated for you automatically - client
accounts, billing information, vendors, 1099's, check reconciliation,
management reports, histories, etc. A complete audit trail is maintained,
and LSS gives the user a chance to preview the reversal before it's
standard and user-defined
financial reporting and budgeting at the firm, office, department and
individual level. And the integration with time accounting can be defined
with specialized cash application methods so that payments are
automatically allocated they way you want them to be. Reports can be
printed, displayed on screen, archived electronically, emailed
to someone else, or converted to other popular applications like
Word, Excel or Adobe PDF.
sophisticated and flexible security options so that only
authorized users can access the general ledger system.
The system maintains a detailed history of every transaction to
produce clear and concise audit reports. For additional
control, every report is archived electronically and accessible
on-line for future reference. There are even
control reports that reconcile account balances from general
to the client balances in the billing system.
Visit our Software Details
page for information about other LSS
Financial Management features.