Skip to end of metadata
  • Created by Former user , last modified by Former user on Nov 25, 2015
Go to start of metadata

You are viewing an old version of this page. View the current version.

Compare with Current View Page History

« Previous Version 9 Next »

The Accounting and Finance Module



This page will explain some key features that you can access through this module and how they relate to billing.

Time Billing

The Wise Owl Legal time billing function integrates with Reckon Accounts Desktop. This means that:

  • Time entries will post to Reckon Accounts
  • After billing in Reckon Accounts the entries will update back to Wise Owl Legal to show they are billed
  • Time recording will be compared to budget in graphs under performance (module still to be released) 


The time sheet register can be viewed in either units, hours or minutes. 

 

This can be edited by going to settings > my settings. Do not use appliance settings > time billing as this only changes the settings for future users. 

The default time units also affects the 'Enter Time Records' screen. 

You can find more information on the Time Billing Register page.

Disbursements

This category is for any outlays or disbursements that the firm makes. Disbursements can be made by prefilling a disbursement or by making a new payment. 

You can find more information on the Disbursements Register page.
 

Recoveries

Recoveries are used when charging a client for use of a business provided service or product. This amount, unlike an outlay, can be marked up. 
For example, your business may charge a client $1.00 per page of photocopying. This would be charged out as a recovery.

You can find more information on the Recoveries Register page.
 

Invoicing

Invoicing is the step that will create a bill for the client after you have entered time or fixed fees and any recoveries. There are various statuses of invoices which must be paid close attention.
These are detailed more on the Invoice Register page.
 

External Accounting

This section is primarily used for connecting to your External Accounting system.

This will record all items that are posted successfully, any errors in posting and queries for the system for Wise Owl to react upon.

You can find more information on the External Accounting Register page

Lists

The Lists area is for bringing in items from the External Accounting System that will help connect, any typing shortcuts, bank types etc.

This area controls what options you are given when creating new clients and your own customer fields.

You can find more information on the Lists Register page

  • No labels