ZipBooks is a new accounting and bookkeeping option for law firms that combines the power of business intelligence tools with traditional accounting data.
As a law firm owner, simple accounting of cash in and cash out just doesn’t cut it anymore. The world moves too quickly, with a never-ending to-do list and clients competing for our time. And, speaking of clients, they are also expecting more from law firms than ever before. Such as well crafted invoices, online payment options, and automated reminders when an invoice is past due.
The ZipBooks platform combines the traditional features you would expect from an accounting system with machine learning technology to suggest small improvements and changes over time. Powered by a team of professional bookkeepers, there’s also an option to engage them for full-service bookkeeping assistance for a flat monthly fee.
An Impressive and Intuitive User Experience
For those of us that hate QuickBooks, you know how frustrating accounting software can be. Right from the moment, we started the ZipBooks demo, it was clear that a great amount of care went into the visual appeal of the product. Boasting a 15% reduction in time by users compared to traditional bookkeeping software, the team’s effort into the usability has become a great driver for adoption by their law firm client base.
When you first arrive on your Dashboard, you’ll notice there’s something different. Business Intelligence metrics and a “Business Health Score” are presented to you in plain sight, as well as the fifty-thousand-foot view of key metrics. Easily click into any of the numbers to drill down into detailed reports.
Immediately see your outstanding Accounts Receivable Balance, and any notes from their team in the “Thinking Ahead” section. The overall feel of this screen is more like a message board for business owners than the dashboard of an accounting product.
Standard law firm features include Trust Accounting and Reconciliation, with additional tools for ongoing financial management. Connect your bank accounts to auto-feed activities into ZipBooks, eliminating the need for manual entry.
Wouldn’t it be nice to be able to read your Income or Profit and Loss Statements without squinting? Now you can! The use of color and spacious layout on the reporting screens bring life to accounting reports like never before. Enjoy clicking through one of the following reports, minus the computer screen headache:
- Accounts Receivable – Aging Report
- Balance Sheet
- General Ledger
- Income Statement
- Taxes Invoiced
- Trial Balance
One of my favorite ZipBooks features is the Invoice Quality Score. A calculation that indicates how your invoice compares to the gold standard seen across their client base. The number represents a combination of factors, such as logo, descriptions, layout and more. Powered by machine learning, ZipBooks users can take advantage of the insights gleaned from the invoicing data seen across millions of sends and payments received.
ZipBooks invoice templates simplify your billing and allow you to accept credit cards through a number of processors, including integrated partner, LawPay.
Simple and straightforward expense tracking makes staying up to do date a breeze. Save receipts, marking items as billable at the same time. Split payments, manage vendors and more with ease. Bookkeeping Services
In addition to the software platform, ZipBooks offers bookkeeping services for a flat monthly fee. The team will reconcile your transactions, accounts, and generate monthly reports. To take it a step further, on the right-hand side of all ZipBooks screens is a “Thinking Ahead” section, where your bookkeepers will add notes for you to review as the month progresses.
With the addition of a dedicated bookkeeping team, you are able to integrate your reporting with any software solution you use in your practice, and set financial reporting on auto-pilot.
If you’ve been in a love-hate relationship with QuickBooks, the time for a breakup has never been better. With full-featured accounting tools, making the switch to ZipBooks is worth your consideration.
To learn more about ZipBooks, or schedule a demo visit: https://zipbooks.com/