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Cosmolex bridges the gap between the billing world and the accounting world.

Legal practice management and business accounting software.
Get financial peace of mind for your law firm

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Fully integrated Billing, Accounting and Practice Management

Trust Account Management

Setting up Matter Ledgers.

Completing Trust Transactions.

Avoiding Commingling or Overdrafts.

Monthly Reconciliation.

Compliance Reporting.

Matter default trust bank(s) & individual ledgers.

All transactions must be associated to a matter.

Bank & Ledger overdraft prevented.

Trust compliance reporting including trust reconciliation.

Docketing & Disbursements

Daily Docketing.

Billing Integration with Calendar, Tasks etc.

Differentiating firm from client expenses.

Capturing all client expenses for billing.

Recording correctly on GL.

Both accounting & billing steps in one. 

Matter specific cost posting.

Hard & Soft cost tracking.

Mobile entry on the go.

Bank feeds/import for cost tracking.

Reporting

Comparative P&L and Balance Sheets.

Collection/Fee Distribution Reporting.

Class-Based Reporting.

Law Society Required Reporting.

Advanced Accounting Reporting:

Legal Accounting Reports built in.

Fee Distribution Reports included.

HST billed/paid reporting.

Law Society Compliance Docs Deck.

Class-Based P&L Reporting.

Tracking & Payment of Payables

Entering Bills & Tracking Status.

Utilizing Feeds/Imports.

Recording Payments.

Billing to Matter for Reimbursement.

Reporting on Accounts Payables.

Can track credit & business account ledgers.

Can pay multiple payables with one transaction.

Can bill directly to client & place on hold until payment received.

Can leverage bank feeds & statement imports.