3/14/2023 0 Comments Bill4time com![]() ![]() For instance, if a client is accustomed to paying online, they may not have checks easily accessible to them.īill4Time makes accepting online payment seamless with the built-in payment processor, Bill4Time Payments. If your firm is still relying on a paper check process, it may be creating more hoops for your client to jump through. Step 3: Offer Online PaymentsĬlients don’t want to waste time running to their bank or filling out physical checks. ![]() Not only does standardizing your invoice process keep your clients accountable, but your firm can report on average invoice payment windows and keep a pulse on payment status. With a solution like Bill4Time, you can use features such as custom invoice templates and automatic reminders to streamline this process. Your firm should also send reminders if the invoice is late and any associated consequences or fees. For example, you could send invoice payment reminders 14 days, 7 days, and the day before the due date. Understanding that this is human nature, your firm can set up invoice payment reminders leading up to the date. Just like you, your clients are busy and can occasionally lose track of deadlines. Step 2: Standardize Your Law Firm Invoice Process Tip: Upload your legal billing policy document to Bill4Time so it’s accessible across your firm and can easily be sent to clients. This plan should also be available electronically for the client to reference. Think of common questions you get from clients that can easily be satisfied in your communication plan and build from that. The plan should include a scope of work, billing timeline, payment options, fee arrangements, and billing point of contact. This should be discussed at the beginning of the client relationship, preferably during the client intake process. Step 1: Communicate Your Firms Billing and Invoicing PolicyĬreate a clear communication plan that outlines your firm’s billing expectations. If your law firm’s billing isn’t in order, how can you expect your clients to be? Having a uniform, automated law firm invoice and billing process are key to setting your clients up for success. The issue could very well lie within your firm’s billing practices or lack thereof.Ĭontinue reading to learn 3 simple law firm invoice practices that support clients to pay their invoices faster. Clients run on a different timeline than your firm, so they may not understand the moving parts involved in your invoice and billing department.īefore you start placing blame, you need to step back and analyze what obstacles your clients may be facing that are preventing them from paying their invoices on time. Read More.It can be an ongoing effort to get clients to pay their invoices faster or even just on time. Although it may not flash as many features as other systems, it packs a punch. Honestly, I would recommend Bill4Time to other law firms. There will always be user error, but I do wish that in some ways they mitigated the chances of user error. When everyone in your law firm uses Bill4Time effectively, it works even better. The most basic plan still has the abilities to keep up with a mid-size law firm. Overall: Overall, I enjoy Bill4Time, even at its most basic plan. It looks rather outdated, and at times, it can take quite a while for the site to respond to your request.Īdditionally, some of the features for more of the more advanced plans should be included in the basic plan as even small firms need access to the feature such as being able to manage your IOLTA. Even with the basic plan, you don't feel like you're being ripped off, as the account report features are crucial for my law firm, to keep up with collections.Ĭons: The interface itself needs improvement. The accounting features on the most basic plan are also quite good for even more advanced law firms. I like how you can log and track multiple timers and if you run over, you can go back and edit it. ![]() Pros: Accounting and timekeeping with B4T is fairly easy. ![]()
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