Better Cash Flow; Happier Clients (part 4 Of 4) By: Easy Soft | - In the last few blog posts, we've been emphasizing the importance of solid cash flow management practices. If you're looking for a tool to ease the way, look no further. Consider our Payment Acceptance Plan, a merchant accounts option for law firms .
An Internet merchant account gives your clients a full range of electronic payment options. They can pay their bill by credit card, debit card, or remote check. You can also set up recurring billing. The funds can pour into your law firm opera ... Tags:billing and time tracking, law firm accounting software
1099-s Filings: New Law By: Easy Soft | - Attention real estate lawyers! Federal deficits have forced the U.S. government to find new sources of revenue. On Sept 27, 2010, Congress passed the Small Business Jobs Act (H.R. 5297).
For your purposes, here's what the new law means. The IRS now assesses a Tier-3 $100 penalty per 1099 form for any mismatches in the seller's tax ID number and name. For ten erroneous forms, that's a whopping $1,000 penalty - something none of us should have to incur.
Mismatches can happen for any n ... Tags:HUD software program,
Streamline Your Closings: Beginning To End By: Easy Soft | - Handling real estate closings has never been easy. But these days, the number of parties, dollar amounts, regulations, and last-minute changes has increased - complicating things even more. Without a corresponding increase in your technology, keeping up is an uphill battle - and one you're likely to lose, given the tendency of most real estate lawyers to accept flat fees for closing work.
That's where Easy Soft comes in. The legal software specialist produces Easy HUD, HUD 1 friendly soft ... Tags:HUD 1, HUD 1 forms, RESPA-compliant, HUD 1 closing software
Operating V. Trust Account 101 By: Easy Soft | - Here's a question that you might remember from your bar exam. There are operating retainers and trust retainers . How do you know where to deposit your funds?
More importantly, once you've determined the answer, how do you keep track of it ?
Hint: if you're using generic accounting software, that last bit gets pretty challenging.
But if you're using Easy Soft's Easy TimeBill (ETB) and Easy Trust (ET) modules, then you've got it made.
You see, ETB and ET are specialized b ... Tags:billing software for attorneys, legal billing, escrow accoun
What's The Matter? Billing By: Easy Soft | - If you're the kind of lawyer whose clients come to you with a single matter or case, then for you, there isn't much of a discrepancy between client and matter billing. You treat them as one, and your escrow accounting follows suit.
But let's say you're the kind of lawyer that has corporate clients assigning you multiple matters - all very similar. Say you're collecting bills on behalf of a utility or cell phone company. The company (your client) has 1,000 unpaid accounts. You successfully ... Tags:escrow accounting, law firm billing software
1099 S Software- How To E-file Form 1099 S By: Lisa H | - 1099 S form is one type of 1099 form that the IRS classifies as an information return. It is a tax document businesses are required to file to report certain business transactions to the Internal Revenue Service (IRS). Any person, including a corporation, partnership, individual, estate, and trust, who make reportable transactions during the calendar year, must file information returns to report those transactions to the IRS. Filers who have 250 or more must file these returns electronically. Tags:1099 s software, 1099s filing software, 1099S form filing
Lawyers Will Be Lawyers By: Easy Soft | - We know. You went to school for years, and boast a doctorate behind your name. You contextualize eloquently, and your logic is more or less unflawed.
But when it comes down to it, how is the law really different from other professional practices?
Well, let's see. You advise clients. So do doctors and accountants.
Second, you collect a retainer, and bill your client according to a pre-arranged plan. Consultants do this, too, as do many technologists.
< ... Tags:Legal software, legal billing software
Pop Quiz: How Well Do You Understand Trust Accounting? By: Easy Soft | - The bar exam and your professional responsibility class are ancient history. You're not an ethics lawyer, and you don't file legal malpractice suits. All the more reason we want to spring this pop quiz on you!
Which of these funds do not belong in your clients' trust accounts?
Earned fees
Personal funds
Real estate escrow funds, such as a down payment on a house
The New Cis Includes Optional Family Docs Module By: Easy Soft | - Great news. Along with the release of CIS 2.2B, Easy Soft's latest New Jersey family law software, New Jersey divorce lawyers and family law firms can license FamilyDocs. That's over 130 New Jersey Family Law Forms published by New Jersey ICLE- built into the CIS program for a nominal licensing fees.
What this means: You can now generate your forms from a common set of data automatically-without the need for laborious data transfer from program to program or manual copy-paste from o ... Tags:Family law software NJ, divorce software for attorney
One of the mothers said, okay. The other said, absolutely not. She can have him. Of course, the latter turned out to be the baby's true mom.
If you're a divorce lawyer in New Jersey or another state, you know just what we're talking about. You can split a bank account in two, but you can't do the same wi ... Tags:Family law software, Divorce software
New Laws, New Party Titles. Easy! By: Easy Soft | - Great news for New Jersey divorce lawyers and family law firms! The newest version of Easy Soft's New Jersey family law software, CIS 2.2 B, is now compliant with relevant legislative changes in effect as recently as September 1, 2011.
First, a little background to catch you up. In 2006, the New Jersey legislature passed the Civil Union and Domestic Partnership Act, recognizing civil unions in New Jersey. This law gives legal recognition to civil unions-although proponents of gender ... Tags:Family law software, NJ CIS
That's because most law firmsincluding maybe yoursaren't designed to leverage information to its eyeballslike it can be. In this golden age of technology, divorce lawyers are capable of utilizing machines to a) enter raw inform ... Tags:Family law software, Divorce settlement
The good news? The firm's doing great, and work shows no signs of slowing down.
The bad news? Too many of your numbers are simply carried over from last month. What this means: there are balances going into arrears by 60 days, 90 days, and more.
The Importance Of The 3-way Reconciliation Report By: Easy Soft | - When it comes to your trust accounting, there's one requirement that affects lawyers and other legal professionals-and doesn't exist in most other professions. It's called the 3-way reconciliation report.
As the name suggests, 3-way reconciliation balances three things. It balances your internal books against your trust account bank statement. Then, it reconciles individual balances of all of your matters with internal book and bank balances.
What"€™s The Easy Way To Allocate Matters To Your Trust Accounts? By: Easy Soft | - Business bank account recordkeeping is simple. You make deposits and withdrawals. You can keep more detailed records for your taxes, financial statements, and other reasonsbut you don't have to. No one is looking over your shoulder.
Trust accounting is different. The state bar requires you to allocate each and every deposit (or credit) and withdrawal (or debit) to a given matter. The failure to do so is grounds for disciplinary action.
EzSupport NY a Family law software comes to the rescue!
As we discussed in the last post, forms are a piece of cake with the new and improved EzSupport-NY.
That's because we've inserted new technology that allows you to automate your data right from the get-gomaking your clients part of the solution, not part of the backlog. It also ... Tags:NY child support calculator, Family law software
If your software is too complicated to learn or use, then you're not receiving the benefit of IT leverage. Technology isn't making your life easier..it's making it harder. Need an external consultant or trainer? Time to nix the software in question, and find something hassle-free.
Protect Your Products With A Software Escrow By: Art Gib | - When do you need an escrow service? What can you use an escrow account for? Traditionally, escrow is an arrangement set up between two parties where a third party holds funds or documents until the terms of the contract set up by the parties are fulfilled. If you have a software company and want to sell your product, you can set up a software escrow with an online company to protect your licenses, intellectual property, products, and software. There have been internet escrow companies around fo ... Tags:Software Escrow
Loan Modification Vs. Refinancing: What's A Better Option? By: Carla Ghosn | - Perhaps you're having trouble keeping up with your bills. Or perhaps you're way behind on your mortgage payments. One thing is certain: You want to change the terms of your current home loan, and you need help. Should you modify your mortgage, or should you simply refinance it? While both options, in theory, should save you money, each has its own advantages and disadvantages, and each has its own criteria for qualification. To help you understand which one would make more sense in your case, ... Tags:loan modification, loan modification software, mycaal.com
What Is Software Escrow And Who Does It Benefit? By: Art Gib | - Many have heard the term "escrow" as it applies to home ownership, for instance. Along with the monthly mortgage payment, home insurance and real estate taxes are paid in the same check to the mortgage company that then puts those non-mortgage payments into an escrow account. This escrow account is held by a neutral third party that keeps the money temporarily until the insurance and taxes come due for payment, usually once a year. The escrow account protects the homeowner by ensuring that the m ... Tags:software escrow
Divorce Settlement Tips For Successful Divorces By: Easy Soft | - As we mentioned back during Divorce Settlement Tip #1, family law isn't the easiest practice in the world. You've often got sniping parties and clients who often take things personally. Very personally.
Over the past few weeks, we've posted 10 divorce settlement tips to help you serve your clients betterand reach quicker and more satisfactory settlements. Now it's time for the granddaddy tip of them all: putting it all togetherso that you protect your clients (and yourself), s ... Tags:Family law software, Divorce financial software
That's why we've just unveiled our latest software, which creates a case management center for each of your divorce clients. You can have your Arizona family law forms, your child support and alimony calculators , your financial worksheets, and all case correspondence storedand generatedin one place.
Different Types Of Online Job Posting Software By: aanchal saluja | - You would see that some websites provide you with a readymade option to publish your job requirements on their website. Websites also offer you to start the automated complete online job posting software giving you the latest tools of occupation classifieds.
How Software Makes Legal Accounting Seamless By: Easy Soft | - If you're depositing retainers and other fiduciary funds into an escrow account, our last post provided some helpful rules of thumb for flawless trust fund accounting - in accordance with your state requirements.
While you weigh the advantages of an integrated Attorney billing and trust accounting software , consider this. As a bookkeeping concept, trust accounting is fundamentally different from other types of accounting. It's way more detailed. It must be capable of:
Supportin ... Tags:Legal billing software, Law office software
Insurance Industry Software Development By: Homer Reynolds | - The Insurance industry is facing the most significant economic and competitive challenges in its history. To succeed in this rapidly evolving business climate, insurers are compelled to investigate ways by which they can improve bottom-line operational efficiency and drive top-line growth, and still meet and exceed the expectations of their customers. A comprehensive title insurance software package will help your company reduce costs, increase productivity and shorten title production time. It ... Tags:Insurance, Insurance Industry, Insurance Application development, Insurance Software development
A Primer For Trust Accounting By: Easy Soft | - It's not enough for your Attorney billing and trust accounting software to track retainer funds in trust accounts. You need trust bookkeeping safeguards, too.
Let's go back to what we know about professional ethics. The only things that get deposited into a trust account are as follows:
Funds for real estate transactions (i.e. escrow funds)
Easy Soft has been a legal software leader since 1986. The company offers specialized solutions for real estate, family law, time, billing & trust account management and document automation . Easy Soft, LLC is located at 212 North Center Drive in North Brunswick NJ 08902 . More than 15,000 customers nationwide use Easy Soft products to increase office productivity. The company designs, develops legal software products. Customers include thousands of small to mid- ... Tags:Legal software, Legal billing software
Keep Accounting Nightmares Out Of Your Life By: Easy Soft | - In our recent post, we talked about all of the things lawyers have to do to keep their accounts squeaky clean:
• Deposit (most) retainers into a trust account.
• Bill their clients, then apply all or some of the retainer funds against the bill.
• Mark the invoice as paid, then transfer the applicable money from trust account to operating account.
Affordable New York State Divorce Calculator"€"with Document Automation By: Easy Soft | - There have been few comprehensive divorce law software packages in New York State that both act as a child support and spousal maintenance worksheet , and an automatic generator of formsincluding the crucial New York statement of net worth . Until now.
On January 4, 2011, Easy Soft launched updated new features for EzSupport-NY Softwarebased on recent no-fault legislation affecting changes to state forms.
What does Ez-Support NY Software do?
1. Generates a NY Net ... Tags:Family law software, Divorce Law Software
Easy Trust Legal Accounting Software - A World Class And User Friendly Software By: Easy Soft | - Easy trust law firm accounting software is rated as top software by users owing to its meticulous and efficient application potential. Easy Trust legal accounting software is popular with law firms , escrow, insurance and real estate agents and accounting professionals to manage client funds. Easy Trust law firm accounting software automates the entire escrow accounting process and helps maintain strict compliance. Law firms can add the Easy TimeBill module to integrate legal time tracking, b ... Tags:Legal accounting software, Law firm accounting software
Data Escrow Agreements By: eighteen | - What does Escrow mean?
'Escrow' is a legal term which means 'money, goods or a written document, held by a trusted third party, pending the fulfilment of some condition'.
Data insurance should be taken out for the data you use to provide for unplanned events.
The importance of Data Escrow Agreements
Normally in a Data Escrow Agreement a copy of the database content along with instructions, support manuals, computer source code (instructions for a computer in the ... Tags:escrow, escrow agreement, escrow agreements
Glossary For Hris, Hr Software, Payroll Software And Time And Attendance Solutions. By: Denis Barnard | - In this Glossary, we aim to make it as easy as possible for our clients to navigate around the rather IT-derived expressions that they will encounter in their quest for the perfect HRIS, HR software, Payroll Software or Time and Attendance solution.
Absence Module
A part of the HRIS that collects and aggregates information on attendance, holidays and sickness. The main ways in which the module can be populated are by direct input from paper records, via an Employ ... Tags:HRIS, HR and Payroll, HRMS, HR Software, HR
Importance Of Loan Management Software By: Lendingprosoftware | - Loan management software is a practical application developed to keep track of all customer payments, cash flow, funds flow and lending records. Loan management software helps to accurately calculate the portion of each payment that is to be applied to interest, principal, escrow, late fees, etc. This loan management software also provides an extensive suite of report options including, account history, promises to pay, payment coupons, monthly billings, late notices, escrow balances, loan payo ... Tags:loan software, loan management software, loan servicing soft
Using Software Escrow Services And Escrow Agreements By: Steve Jackson | - When selling anything of great value to someone unknown to you, it is recommended that you use an escrow agent, and this applies to software and intellectual property just as much as items like jewelery. An escrow agent is a trusted third party agent, who works on an escrow agreement that is satisfactory to both parties involved, the buyer and the seller, and handles receipt of the item or items being sold, as well the funds to purchase them. When all points of the escrow agreement have been met ... Tags:software escrow, escrow agreement, escrow services, licensee, intellectual property, third party agent
Software Protection With Different Escrow By: Nabin | - In many of today's software license agreements, companies purchasing software, Beneficiaries, are requesting that along with the program(s), a copy of the Software Developer's source code also be included.
Source code escrow is the deposit of the source code of software with a third party escrow agent. The software source code is released to the licensee if the licensor files for bankruptcy or otherwise fails to maintain and update the software as promised in the software license agreeme ... Tags:source code escrow, technology escrow
Know More About Escrow Services By: Nabin | - Simply defined, an escrow is a deposit of funds, a deed or other instrument by one party for the delivery to another party upon completion of a particular condition or event. In the UK escrow accounts are often used during private property transactions to hold solicitors' client's money, such as the deposit, until such time as the transaction completes
Escrow is typically requested by a party licensing software (the licensee), to ensure maintenance of the software.
The types o ... Tags:escrow, escrow services
Intellectual Protection & Agreement, Provided By Ncc Group By: michales | - As a trusted advisor, NCC Group supports over 45,000 customers worldwide, to maximize the return on their information technology investments while managing the associated risks. NCC Group works with industry leaders, including 92 out of the Fortune 100, as well as up and coming entrepreneurs.
Escrow is a straightforward process where an independent provider holds a copy of the intellectual property underlying these assets.
A Software Escrow Agreement is a contract between three pa ... Tags:NCC group, software escrow
Little Word With Great & Large Service By: michales | - Escrow is a straightforward process where an independent provider holds a copy of the intellectual property underlying these assets. These assets include the software behind business-critical functions, managed internally or through an outsourcer, or designs of proprietary products or processes, or formulae supplied by a third-party.
Holding these crucial assets securely with the supplier's agreement on the end user's behalf, NCC Group ensures the material can be accessed and released to t ... Tags:escrow, escrow services
Choose The Best From Various Services By: Jahir Mamun | - The escrow solution will build a stronger partnership between the Licensor and Licensee due to the mutual trust and understanding delivered by the security of an escrow arrangement.
Escrow Solutions including:
Software Escrow protects software application source code, including Websites and Web Applications. Active Escrow provides real-time updates to Escrowed deposit with comprehensive reporting. SaaS Escrow designed specifically to protect the data and functionality provi ... Tags:escrow solutions, escrow testing
What Is Real Estate Escrow? By: BillM | - Escrow is a deposit, most typically of funds and/or documents, that is held until paid out upon successful completion of the terms of the escrow instructions. Technically defined, Escrow is a legal arrangement in which a neutral third party holds an asset during the period in which the conditions of the deal is being finalized by the other two parties. In actuality it can be money, property, or really any asset of (perceived) value. It can be used to transfer, or protect, personal and busines ... Tags:Real Estate Escrow, Escrow, Closing,
Should You Sell Your Software Company? By: M&A Guy | - For many entrepreneurs, technology based companies or healthcare companies, the answer to that question is a resounding, NO! There is an exception to this with the rapid rise of the new economy, new media, and highly scaleable companies like Google, YouTube, Ebay, PayPal, and MySpace. In their case, their prospective customers highly value their newness, their breaking the mold, their non-establishment approach. They are viewed as doing what they do far better than the technology establishment s ... Tags:information technology investment banker, merger acquisition, venture capital, sell software company
Software Company Mergers And Acquisitions- Avoid These Ten Mistakes By: M&A Guy | - Selling your software company is the most important transaction you will ever make. Mistakes in this process can greatly erode your transaction proceeds. Do not spend twenty years of your toil and skill building your business like a pro only to exit like an amateur. Below are ten common mistakes to avoid:
How Does Online Escrow Work? By: Allen Davis | - The basic definition of escrow means putting something of value into the hold or custody of a neutral third party for delivery for a certain period of time, to be released only after the fulfillment of conditions previously specified. It is also defined as a legal arrangement in which any asset like money, property, website or software source code is handed over to a trustworthy third party (defined as an escrow agent) to be held until all pre-determined conditions are fulfilled. Once the condit ... Tags:escrow, online escrow service, escrow service, internet
The Story Behind Escrow Software By: Sandro Azzopardi | - In a software scenario there are normally two main parties involved; the software programmer or the software company, and the end-user or the company purchasing the software package. Escrow software is a means by which a third party is involved, called an escrow agent, with the responsibility of holding the software's source code.
Software is made up of code. Programmers write code in 'object' format which then gets compiled by the computer into 'source' format. Ultimately this co ... Tags:escrow, software
How Escrow Accounts Work By: David Gass | - An Escrow Account is a savings account where you deposit money for paying off your home insurance and taxes. The lender who loans you money for the mortgage opens the account. Once you have paid a percentage of the mortgage amount, without defaulting on the payments, then the lender might decide to excuse you from any further payments through the Escrow Account.
Understanding Stock Pledges And Escrow Agreements By: David Gass | - Stock pledges and Escrow agreements are quickly becoming the foundation on which some industries operate. Below are explanations of how these contracts are carried out and what they entail.
Stock Pledges:
A Stock Pledge is the transfer of stocks against a debt. It is an agreement. The debtor pledges the stocks as an asset against the amount of money taken from a lender and promises to return the amount. The debtor pledges the stocks as a security against the debt. Accordi ... Tags:escrow, agreements, stock, pledges, software, small business, credit, loans, security, law, taxation
