Trust Accounting Software
Accurately track your Trust accounts and automatically pay invoices and replenish
Pay invoices automatically from Trust, replenish if below your designated level
Trust accounting is a unique complication for law firms and there are severe penalties if not done right. TimeSolv allows you to manage your Trust payments easily and quickly.
Trust accounting is one less thing to worry about with TimeSolv.
Autopay invoices from TrustWhen invoices are sent, they're marked automatically paid and fee is deducted from Trust account
Replenish Trust AutomaticallyHave replenishment amount automatically added to invoices when account falls below threshold
Pay Trust account with Credit CardWith integrated LawPay Client Portal, your clients can quickly and easily add to their Trust account
Multiple AccountsCreate as many IOLTA (or COLTAF) accounts as necessary and as many accounts as needed for a matter
Transfer Funds Between AccountsWhen handling different matters for a client, transfer funds between matter trust accounts, if necessary
Detailed ReportingUse our Trust banking report to perform monthly bank reconciliation
Western Australia LegalWe comply with the Western Australia Legal Trust Accounting requirements.
COVID-19 related FAQs
How is TimeSolv helping firms impacted by COVID-19?
What impact does COVID-19 have on using TimeSolv software?
TimeSolv is truly a “work from home” solution. Our software is web-based, meaning you have access to our software and your data from any computer, using any browser. All you need is your user name and password to gain access. You never have to download our software to a specific computer to use, meaning you have flexibility and accessibility at all times.
What features does TimeSolv have to help firms operating from home?
Firms operating from home are facing questions they’ve never had to consider in their traditional office environment. TimeSolv has several unique features to help with these questions.
- Task management. Working from home means each member of your firm is accountable in different ways. The ability to create matter plans and assign tasks to timekeepers with allocated time to complete tasks means more communication and transparency for a fractured work place.
- If your firm prints and mails invoices and suddenly this becomes a daunting task in your home office, TimeSolv offers an AutoMail option, where we will print and mail the invoices for your firm.
- Document management. Sharing documents is critical for any law office. If you do not have normal or fast access to your documents, use TimeSolv’s document management tools so everyone can view and edit documents from our software, including detailed versioning control.
- Outsourced Legal Billing. If your firm has found your entire billing process broken during this time, TimeSolv offers our billing service. Allow us to create your draft invoices, make edits for you and send invoices. We’ll even generate the reports that are important to you.