PracticeManager™ Accounting Software for the Larger Firm

Legal Accounting Features

Credit Control and Systematic Facilities

The PracticeManager™ System
Keeps billing on a regular basis, including disbursements. Ensures that clients pay promptly and late payers are followed up.

Systematic Process
Time limits are set on individual matters to determine when the bill is sent and to control excess accumulation of work in progress. Firm defined credit periods keep payments on track and ensure positive cash flow.

Disbursement Accounting
PracticeManager™ intelligently handles both individual disbursement payments and high volume disbursements where credit facilities are in operation.

Interest
The Cognito Interest Calculator works in line with SAR (Solicitors Accounts Rules) to determine entitlement to interest. The system automatically posts the amount due to the client's ledger. As interest rates change, new rates are entered, taking into account clearing days, defined as any number of bank working days in line with the clearing procedure. This automated process saves time engaged in administration procedures.

Extensive Accounting Features are included as standard
Cognito’s PracticeManager™ software grew out of a successful legal accounts system, which was further developed to meet the wider demands of the profession - one reason why many firms are delighted with the breadth of convenient facilities.

Auto posting routine
Can be used to automatically post transactions made on a regular basis, for example, monthly Direct Debits. Once set up, it is quick and simple to use. Due postings are notified when action is required.

Batch postings
A fast process that saves time where there are several transactions of the same type are required e.g. input of cheques received. The system enables the cashier to move directly to a new case to perform the same transaction for another client.

Batch reporting
Automates production of multiple reports run at regular intervals. Typically batches for daily audit reports or a series of month end and management reports.

Bank reconciliation
Statement reconciliation between bank and office accounts or client accounts. The cashier can save any progress made, allowing the bank reconciliation to be completed in stages. A record of previous reconciliation reports
is retained.

Bill printing
Automatically calculates and formats bills.

Cashier Posting
Fee earner logs request and forwards to cashier to raise cheque. The cashier can check the ledger before posting and print the cashier authority voucher for record purposes.

Cheque printing
Can be set-up to firm's cheque format and automatically printed. Accompanying remittance advice slips can be automatically set-up to print with the cheque.

Client letters
Automatic production of standard letter informing client of cost updates for current matters.

Data Security
Secure 'posting roll-back' for recovery from system crashes. Partially completed transactions are ignored should a system crash occur.

Double entry
This is achieved automatically from a single input.

Full purchase ledger
Including discount diary for early settlement and ability to handle unpaid disbursements efficiently.