We have just added several new features! Use the Check for Updates feature (Help | Check for Updates) to make sure you are running the most recent release of Version 2020.
Update to Version 20.2.6 to access the following:
- Tabs3 Billing Matter Manager – The Client Manager has been revamped and renamed to the Matter Manager. Like the PracticeMaster Matter Manager, the Tabs3 Matter Manager acts as a central hub for matter-related information and activities in Tabs3 Billing. The Matter Manager allows you to view relevant information for each matter at a glance, perform common tasks, and run reports.
- Statement Information Window – Clicking on a Statement from the Matter Manager in Tabs3 Billing displays a Statement Information window for that statement. The Statement Information window includes matter information, statement totals, a preview of the statement, and the ability to perform common tasks.
- Time Zones – PracticeMaster now allows you to specify a time zone for calendar events and tasks. If you opt to enable the time zone feature, new calendar records will be shown relative to the local time for each user. The PracticeMaster Calendar, PracticeMaster Dashboard, and Tabs3 Connect Calendar will all utilize the time zone setting on the device where records are being accessed. This also provides a more seamless integration of calendar records with Microsoft Outlook.
- Field Length Changes – Increased the field length for several fields in the software, such as the Work Description in the Client file and the Amount field in the Payment file.
For more information on these great new features, as well as a detailed list of all new features in Version 2020, check out Knowledge Base Article R11812, “Version 2020 Introduction to New Features.”
Tabs3 Financial Software is the best accounting solution for your law firm because it is specifically designed to meet the accounting requirements of law firms. With minimal setup and zero workarounds to satisfy most bar associations, you can print financial statements, write checks, reconcile bank statements, and manage client trust accounts in one easy-to-use and fully integrated software package. Additionally, because Tabs3 Financials is designed to work with Tabs3 Billing, you only need to call one support phone number if you ever have questions.
General Ledger Software (GLS) provides insight into your firm’s business with detail and summary financial statements. The following features are highlights of what GLS has to offer:
- Reports – Create Balance Sheet, Income Statement, Trial Balance, Journal Reports, and Advanced Client Cost Reports for you and your accountant. The General Ledger Report shows the opening balance, all journal entries, total debits and credits, and the closing balance for each account that is printed. Financial statements for your firm can be created for individual departments and locations.
- Chart of Accounts – GLS provides a chart of accounts that your firm can use as-is, or modify to fit your current account structure. You can also create budgets for each expense account. GLS allows multiple sets of books with unique charts of accounts and fiscal year-ends. Easily reconcile bank statements to cash accounts.
- Journal Entries – Add or adjust journal entries for prior months. Import transactions downloaded from your bank’s website to make reconciliation easy.
- Dashboard – The Home Page in General Ledger features a Dashboard that includes an easy to use graphical view of the firm’s financial standing. The Bank Accounts widget provides a summary of your active bank and credit card accounts. The Recent Bank Transaction widget shows the most recent journal entries and deposit slips made to bank and credit card accounts.
Accounts Payable Software (APS) makes bill paying easier. The following features are highlights of what APS has to offer:
- Write Checks – Print a batch of checks or use the Print Check feature to print a single check. Record handwritten checks. Print memos on checks. Enter invoices and let APS calculate the vendor discount. Use the partial payment feature to control how much you want to pay and how often. Put invoices on hold to prevent them from being paid until you want them to be paid. Combine multiple invoices from the same vendor on a single check.
- Integration – Categorize expenses for General Ledger Software when you enter invoices and checks. Include other Tabs3 information on reports such as the cost information if a cost was assigned through Tabs3 Billing, or which General Ledger account was used for the transaction. Post unpaid invoices to General Ledger to provide an accrual financial statement snapshot.
- Dashboard – The Home Page in Accounts Payable features a Dashboard that includes an easy to use graphical view of your payables, all on one screen. The Unpaid Invoices, Unposted Checks/EFTs, Paid this Month, and Unpaid Invoices widgets show summaries of outstanding invoices, printed and manual checks, and EFTs.
- Create 1099 Forms – Electronically file or print 1099 forms and combine amounts paid to vendors and Trust Accounting payees to meet IRS thresholds.
- Recurring Transactions – Automatically enter recurring transactions and summarize vendor payments. See all of your checks in one easy-to-use check register.
- Positive Pay – Accounts Payable includes a Positive Pay Export program that allows you to export a list of approved checks that can then be uploaded to your bank or financial institution’s fraud prevention program.
Trust Accounting Software (TAS) manages trust accounts for your clients accurately and easily. The following features are highlights of what TAS has to offer:
- Integration – Tabs3 Trust Accounting Software provides seamless integration with Tabs3 Billing Software, Tabs3 Accounts Payable Software, and Tabs3 General Ledger Software, with the same look and feel as Tabs3 Billing Software.
- Ease of Use – Track an unlimited number of trust accounts and manage up to 99 different bank accounts. The software warns you when an account goes below a minimum balance, and helps you easily reconcile your bank statements.
- Easily Manage Your Trust Accounts – Electronically file or print checks, ledgers for individual trust accounts and bank accounts, and IRS 1099 forms. You can also process client deposits via credit card (merchant account required, click here for more details).
- Dashboard – The Home Page in Trust Accounting features a Dashboard that includes an easy to use graphical view of the firm’s trust account standing. The Bank Accounts widget provides a summary of your firm’s active trust bank accounts. You can easily start a reconciliation or bank transaction import right from the Home Page. The Recent Trust Transactions widget shows the most recent trust transactions and combined trust transactions.
- Positive Pay – Trust Accounting includes a new Positive Pay Export program that allows you to export a list of approved checks that can then be uploaded to your bank or financial institution’s fraud prevention program.
Accepting and managing credit card and eCheck payments from your clients has never been easier!
Starting in Version 2020, Tabs3 Billing and Trust Accounting Software (TAS) supports integration with LawPay, making the process of entering payments, client funds deposits, and trust deposits both easy and secure.
Watch this five-minute video here:
Training Videos can be accessed at Tabs3.com/videos. You can also access the videos while in the software by selecting Help | Training Videos.
Did you know that you can easily review past reconciliation reports when needed, right from the software? Both General Ledger (GLS) and Trust Accounting (TAS) store Reconciliation Reports as PDFs for quick review.
To review a past Reconciliation Report
- From the Reports menu, select Reconciliation Reports.
- Select the report you want to view.
- Click Open.
Note: Reconciliation reports are stored in the Reconciliation folder of the Current Working Directory.
