Rearranging entries on a draft invoice

Purpose and Benefit:  You can now rearrange/sort time and expense entries on a draft invoice. At Invoices, Drafts, you can click on the dollar amount of the draft invoice to open it for editing.  The time and expense tabs provide a Sort Order column which allows you to assign numerical Read more

How to send an invoice

Before sending an invoice, the user needs to create a draft of the invoice. Please see this article on more details of how to create draft invoices. Once the draft has been created, select the checkbox next to the invoice(s) you wish to send, and click the Send button from the Read more

Generate an Interest-Only Invoice

To generate an interest-only invoice, you first need to ensure you have interest enabled under the Client level. Please see here for more information. You will then need to have the Enable Interest Only Invoices checkbox enabled under Invoice Settings. Please see here for more information. Once all the above Read more

Edit Invoice Font Size and Text Alignment

Users can easily edit the Invoice font size, and choose to align Time Entry description text as left aligned or justified in the invoices:   Select the Settings link under the Invoices tab.   Select Flexible Templates tab.   Select New Flexible Template (or click Copy next to an existing flexible billing template Read more

How is interest calculated?

TimeSolv uses compound interest, as opposed to simple interest. Compound interest is based on the principal amount and the interest that accumulates on it in every period. In short, your clients will be charged interest on top of interest. Interest is calculated based on the percentage you assign (please see this Read more

Reports – Realization per Invoice

Purpose & Benefit: Monthly reports are valuable tools in building a successful law practice. They provide you with detailed information about your firm from a variety of financial and management perspectives. Used properly, monthly reports can help you identify what is working within your business and what needs improvement. Gain fresh insights Read more

Reports – Invoices and WIP Aging

Purpose & Benefit: Monthly reports are valuable tools in building a successful law practice. They provide you with detailed information about your firm from a variety of financial and management perspectives. Used properly, monthly reports can help you identify what is working within your business and what needs improvement. Gain fresh insights Read more

Reports – Aged Invoices

Purpose & Benefit: Monthly reports are valuable tools in building a successful law practice. They provide you with detailed information about your firm from a variety of financial and management perspectives. Used properly, monthly reports can help you identify what is working within your business and what needs improvement. Gain fresh insights Read more