Insight Accounting

BHL Insight may include the following modules and functions:

Core System

BHL Insight Desktop – user/administrator defined menus, to-do lists and security.
Clients – Lists matters, archived matters, address details, safe custody.
Matter – Ledger Balances, data entry, accounts transactions, contacts, etc
Master Files – matter types, staff, postcodes, quick codes, entities

law firm financial accounting

Matter & Batch Fee Capture – Fees are recorded directly against a matter or from a time sheet.
Disbursements – automatically captured from cheques entered.
Sundries & Expenses – non cheque disbursements
Billing – Transactions captured from BHL Insight and format in your word processor. Interim & Final Billing, control of allocation of billed fees to GL accounts.
Debtors – which matters owe how much and for how long. Aging is user defined.
Write Offs & Journals – automatic adjustments from billing. Open entry write-offs. Journal transfers in states where this is permitted.
General Ledger – Define your own alphanumeric account codes. Master & Subsidiary accounts. Automatic posting from an entity-based table allows multiple bank accounts with consolidated reporting.
Bank Reconciliation – Easy data entry from statements. Automatic printing of cashbook balances and adjustment for unpresented cheques. Stale cheque alert. Allows adjustments for late banking, bank errors.
Trust Accounting – Easy to use, Law Society Examination of Benchmark means that we understand Law Society requirements, Clear Approved Reports.
Archiving – Move completed matters to an archive file to avoid clutter.

Cheque & Receipt Printing – multiple formats, user-defined default trays.
Cheque Requisitions – Enter Counsels Fees, Doctors Reports etc. Makes data entry easy, minimises mistakes.
Auto Receipting – Open Item allocation supports part payments, automatic reversals. Makes data entry easy.
Accounts Rendered – Interfaces with your word processor to create reminder letters or statements of account.
Auto Costing (Fee Time Clocks) Multiple time clocks, pause button, unit costing etc.
Photocopier Data Capture – extracts data from your photocopier, telephone, fax, and printer systems.
Petty Cash Accounting – Account for cash smoothly and easily, posting both to matters and to the GL.
Auto End of Year Processing – clears income & expenditure accounts, posts surplus to capital accounts and carries assets and liabilities forward.

Creditors Ledger – Record creditor details, post invoices to creditors and GL, record payments and part payments against invoices. Invoices appear as disbursements when posted to matters.
Automatic Billing – Create multiple bills for matters that meet user-defined criteria.
Automatic Transaction Creation – retainers, recurring fees, recurring disbursements are recorded once and are triggered as defined.
Batch Archiving – archive groups of files that meet pre-set criteria.
Agreed Fee Tables – define multiple fee rates by employee type and then assign appropriate rates to clients and/or matters. Ideal for applying agreed schedules following tender wins.