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As an attorney, you charge to accumulate clue of your own hours and costs in adjustment to get paid.  And the added authentic your records, the easier your activity will be.

I’ve announced about Thomson Reuters Firm Central in abundant detail in the accomplished two posts in this series, and how it absolutely makes your job as an advocate easier.

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In this final post, I’ll be talking about one specific way that Firm Central does this: befitting clue of your billable hours and costs as you accumulate them.  Although Firm Central enables you to do this abundant added calmly (easy to access, simple interface, basal time requirements, adaptable acceptance via a built-in app, etc), agilely tracking your hours and costs is not article that requires Firm Central.

But it’s not alone blockage accepted on your hours and costs that makes your job easier; it’s additionally accepting the adeptness to calmly almanac your hours.



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First, though, I’ll altercate why it’s so important to break accepted on your hours and costs to activate with.

The best actual account to accomplishing this is that you, as the attorney, will get paid faster.

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If you almanac your time for autograph that abrupt or authoritative that cloister actualization as it happens (well, technically, appropriate back the billable time ends), you don’t accept to dig through annal and absorb a big block of your own time – unbillable time, apperception you – back it’s time to accelerate the invoice.

Of course, alone accepting to face the alarming assignment of digging through your calendars, buzz records, and your Word documents’ afterlight history may dissuade you from alike putting calm an balance in the aboriginal place. 

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Worse still, you may not be able to abridge the best authentic balance because the annal may be abridged in some way.  And for ethical reasons, you accept to err on the ancillary of undercharging clients, rather than accident overcharging them.  Along these aforementioned lines, befitting up to date annal ensures that you don’t balloon about annihilation that you’ve done for a applicant – which would additionally be money out of your pocket.

So it acutely makes faculty on cardboard to accumulate adapted records; but in the real-world, there are obstacles that get in the way of auspiciously adhering to this practice.

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The better of these obstacles is not accepting a simple adjustment of recording your time and expenses.

Here’s an example: let’s say that you almanac your time and costs in Microsoft Excel.  Unless you’re decidedly accomplished in application the program, you acceptable aloof accept a arrangement that you use to accomplish alone invoices for all of your clients.  This agency that to almanac billable time for a accurate client, you charge to accept an absolute balance for that applicant that you charge to locate and attainable on your computer.

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Clearly, it can get awfully crushing to accept to dig through invoices for assorted audience aloof to almanac a 15 minute buzz alarm – which is why it generally isn’t logged anon afterwards it occurred.

Firm Central’s announcement action is adorable to me because it offers such affluence in entering your billable hours and expenses.  But there are added options attainable as able-bodied for centralized billing.  The point is to accept article calmly attainable from anywhere that offers a simple interface for logging your hours and expenses.

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Otherwise, you may acquisition yourself afraid to alike put your invoices together.  And if invoices don’t get beatific out, you don’t get paid.

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