Centerbase includes complete General Ledger accounting which fully integrates with our Billing and Timekeeping system. This means you now have a single, up to date view of the entire firm’s operations at all times.
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Eliminate the dreaded “double entry”
With integrated accounts payable, there is no double entry of client or firm expenses. All expenses are entered once. This information is then used to pay your vendors, bill client advanced amounts, track reimbursements, and easily see what expenses either the firm or client has already paid.
Easily track fees and expenses your way
Centerbase offers flexibility in how you report on both your income and expenses. With endless options for how you break down the posting of fees, hard costs, and soft costs to your financial statements, we allow principals, CPA’s and Office Administrators to view the firms operations the way they want.
Trust your trust
Managing and reconciling your IOLTA and Operating accounts can be a huge administrative task. With our integrated trust accounting, we do the heavy lifting by automating and directing all the appropriate transfers and deposits. Having your bank account registers, client ledgers, and reconciliation in one place makes managing even the most active trust accounts simple.
Pay vendors once the firms been paid
Since Accounts Payable is integrated with client billing, its easy to see whether a client has paid an expense before paying the vendor. This gives a much better view of the firms actual cash position and obligations, and allows administrators to follow up with the appropriate clients.
All Firm finances in one place
A single system means one place for everything! That means not only is the system the place to bill and receive deposits, its also the place to print checks, track compensation and profitability, manage IOLTA, productivity, and so much more. And without the need to sync to an external system, the information is always up to date and accurate.
Customize your chart of accounts
Create a chart of accounts that matches your law firm’s specific needs. Assign accounts for fees, hard and soft costs at the system default level, and easily override on a client or matter basis to individually account for variations in how you want to see your financials.
Build custom accounting reports
Get a better picture of your firm’s financials with custom reporting options. Our new report generator allows clients to easily create custom reports on any item in the system and choose their own columns, totals and filters on the fly.