How Legal Cashiers use Legal Accounting Software
Legal firms rely on a variety of complex processes, confidentiality laws, and financial activities to ensure consistent operation for their business. Legal accounting software makes all this simple, supporting all legal professionals in their roles. One role that sees the most benefit, however, is legal cashiers.
At Klyant, we provide legal accounting software that’s built on what legal firms really need, and we innovate on this software constantly to ensure it remains a driving force for your business activities. In this article, we’ll discuss what legal cashiers do, how legal accounting software can help, and how you can train your legal professionals to ensure everyone can make use of our systems.
Support your legal cashiering with top-quality legal accounting software – contact our team today.
What do Legal Cashiers do?
Traditionally, a legal cashier (also known as a legal accountant, legal accounts manager, or financial controller) is responsible for all accounting tasks within the legal profession. With advancements in legal accounting software, many routine activities can be performed by legal professionals of all levels. However, legal cashiers remain an indispensable part of any legal organisation.
As specialised bookkeepers, legal cashiers keep the accounting and finance operations of law firms and solicitors’ practices afloat. Everything from recording financial transactions to handling invoicing and ensuring compliancy throughout fall under their umbrella. As such, nearly every legal firm that handles money and transactions will have at least one legal cashier.
The Responsibilities of a Legal Cashier
Many aspects of financial side of your legal business can be completed by a legal cashier. Some of the main responsibilities this role fulfils are:
- Accounts processing and balancing
- Bank reconciliations Invoicing
- Chasing overdue invoices
- VAT returns
- Compliance with legal accounting regulations
- Monitoring accounts for breaches, errors, and security concerns
- Liaison with other elements in the legal cash chain
- Maintaining office and client ledgers
- Creating and issuing reports
With such a wide range of responsibilities, legal cashiers need to have a broad skillset to match. They need to have knowledge of all the functions and intricacies of processes in their role, alongside the ability to accurately and consistently perform their work to a high standard.
Diligence is important to ensure no bills are missed or submitted incorrectly, and a flexible mindset is helpful to adjust to new software and industry innovations.
Legal accounting software can help with all these aspects, freeing up time for your legal cashiers to focus on their most important tasks.
How does Legal Accounting Software Help?
Many of the processes that a legal cashier carries out can be automated, or can benefit from data consolidation. Some of the key features of legal accounting software that help legal cashiers include:
- Automated billing
- Automated invoice chasing
- Better financial reporting
- Client account control
- In-depth ledgers
- Generatable reports
- Consolidated client fund management
- Easy compliance with client money regulations
These features, among many others, streamline the role of legal cashiers.
Instead of having to manually chase overdue invoices, legal accounting software can automate this process. Not only does this take away one of the mundane, routine tasks that legal cashiers would otherwise have to do, it also improves the consistency of invoicing – leader to a better income flow.
Other aspects of the legal cashier’s job can also be supported by legal account software. It can be used to create in-depth reports to compare a number of metrics without any manual work involved at all. Ledger maintenance can become fully automatic, and in-house versus external data can be sorted, organised, or even used together to create a dynamic workflow in a single, intuitive system.
Explore the features of Klyant Legal Accounting Software >
How to Train Legal Professionals to Use Legal Accounting Software
Legal accounting software can be incredibly intuitive to use, often requiring a minimal amount of training. However, if you’re moving from a legacy system or just want to ensure you’re making the most out of your new software, training can be beneficial.
The first step is to pick a solution that will last into the future. Rather than something that’s just a gateway into a more modern solution, choosing software that is being continually updated will ensure that any training you do will carry forward and that you can continue to benefit from your legal accounting software.
Once you’ve settled on software to help your accounting, you should then train your staff on how to use it. While legal cashiers benefit the most, other roles can also see an impact. Legal accounting software offers consolidation for reports, audits, invoicing, and more, and allows you to see all client and fund data in a single, easily manageable place.
Training your legal professionals and legal cashiers on how to use your legal accounting software will help them maximise its benefits. To start your training process, we offer a free demo to help you understand how to use our software.
We also have help lines to ensure you’re getting the most out of our product, and can even offer a dedicated account manager to support your business with adopting and utilising our solution.
Legal Accounting Software from Klyant
Legal cashiers play a pivotal role for legal firms, controlling the cash flow that you rely on to pay your staff, improve your service, and keep clients happy. Enhancing their role with legal accounting software can streamline this process, increasing the ease of your financial operations while boosting your business’ potential.
Support your legal firm with robust accounting software from Klyant. We strive to constantly innovate on our offering, giving you adaptive and progressive software to enhance your legal cashiering efforts. Get in touch to find out more, or check out our pricing plans to see which is for you.
Check out the key considerations for choosing and using legal accounting software >
