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Finocket for Lawyers

How it works

Every stage of the business, before and after, and what runs by itself.

  1. 1.Client intake

    Before
    Client details kept in a diary or contacts list.
    With Finocket
    Each client is recorded with a client type you pick. Nothing calculates tax from it.

    Automated

    Nothing automated at this stage yet.

  2. 2.Purchase

    Before
    Office expenses collected as paper bills for the year-end.
    With Finocket
    Expenses recorded as they happen; scanning court-fee and travel receipts is partly there.

    Automated

    Nothing automated at this stage yet.

  3. 3.Stock

    Before
    A practice holds no stock.
    With Finocket
    Not applicable: a practice holds no stock, so the inventory module stays off.

    Automated

    Nothing automated at this stage yet.

  4. 4.Sale (engagement)

    Before
    Fees agreed by phone or letter.
    With Finocket
    A fixed-fee estimate the client accepts by typed name, which is partly there, and a project per matter.

    Automated

    Nothing automated at this stage yet.

  5. 5.Matter work

    Before
    Time noted in a diary.
    With Finocket
    Time logged per client with the timer against the matter's project.

    Automated

    Nothing automated at this stage yet.

  6. 6.Billing

    Before
    Fee notes typed one by one.
    With Finocket
    Fee notes from time entries and recurring retainers, carrying the matter reference, court or forum and case number you type.

    Automated

    • Time entries to fee note lines
    • Recurring retainer fee notes

  7. 7.GST

    Before
    GST treatment of each fee note worked out with the CA.
    With Finocket
    A reverse-charge flag on the fee note is partly there. Which treatment applies stays your and your CA's decision.

    Automated

    Nothing automated at this stage yet.

  8. 8.Collections

    Before
    Personal calls to clients for unpaid fees.
    With Finocket
    A private link where clients see their bills, and a reminder sequence with late fees off.

    Automated

    • Payment reminder sequence

  9. 9.TDS

    Before
    TDS reconstructed at year end.
    With Finocket
    Receipts recorded net of TDS, with the TDS kept per client.

    Automated

    Nothing automated at this stage yet.

  10. 10.Accounts

    Before
    A cash book and bank passbook.
    With Finocket
    Receipts and expenses land in double-entry books; bank statements import and match.

    Automated

    • Bank statement import and matching

  11. 11.Reporting and CA hand-off

    Before
    A folder of papers sent to the CA.
    With Finocket
    Reports, a read-only CA seat and the hand-to-CA bundle.

    Automated

    Nothing automated at this stage yet.