Fees billed, books kept — apart from the trust money
Accepted fee estimates are invoiced and time logged against the matter. The practice keeps its own books: business bank accounts reconciled, suppliers paid, VAT done — with the trust money kept apart in Trust accounting.
Who uses it
- Bookkeeper
- Partner
- Accountant
What it does
- Invoices from accepted fee estimates; time logged against the matter.
- Recurring fees, online payments and credit control (Professional and Practice plans).
- Ledger, business bank accounts, cash book and bank reconciliation; suppliers and bills; VAT.
- Financial Intake reads statements and slips for a person to check and post.
- Payroll and multi-currency books on the Practice plan.
How it works
- Send the fee estimate.
- Invoice it once accepted.
- Reconcile the business bank.
- Do the VAT.
The controls that protect it
- Nothing the AI reads posts until a person accepts it.
What it does not do (yet)
- A retainer requested as an invoice is the practice’s own money for fees; money held for a client is received into trust.
