Tabs3 Financials 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 system. Because Tabs3 Financials is designed to work with Tabs3 Billing, you call only one support team for assistance if you ever have questions.
Legal Accounting Software
Trust Accounting
Manage trust accounts for your clients.
![Trust Accounting](https://staging.tabs3.com/wp-content/uploads/2018/03/save-account.png)
Track and reconcile deposits and payments for client trust accounts. Print checks from your clients’ trust accounts. Payments made to your firm from a client’s trust account are automatically entered into Tabs3 Billing Software. Trust balances appear on work-in-process reports and on client statements.
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Accounts Payable
Stay on top of your cash flow.
![Accounts Payable](https://staging.tabs3.com/wp-content/uploads/2018/03/pay-to.png)
Track invoices, print checks, and keep a list of all vendors in one place. Track cash requirements, invoice aging, vendor discounts, and voided checks. Automatically enter recurring transactions and summarize vendor payments. See all of your checks in one easy-to-use check register.
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General Ledger
Insight into your firm's business.
![General Ledger](https://staging.tabs3.com/wp-content/uploads/2018/03/making-notes.png)
General Ledger software comes with a chart of accounts for law firms that you can use or modify to fit your current account structure. Reconcile bank statements and print financial statements. Journal entries must balance before saving to help your accounts stay balanced.
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![Dashboards for Easy Tracking](https://staging.tabs3.com/wp-content/uploads/2022/10/monitor-3.png)
Dashboards for Easy Tracking
Using the dashboard feature available in Tabs3 Trust Accounting, Accounts Payable, and General Ledger, you’ll gain insight into the business side of you firm. From tracking payment activity to when invoices need to be paid, you can easily track and interact with all of your entries in one place.
![Reports Designed for Law Firms](https://staging.tabs3.com/wp-content/uploads/2022/10/seo-report.png)
Reports Designed for Law Firms
Reports designed specifically to fit your accounting needs are crucial for running an accurate and compliant business. Get all of the reports you need from 3-Way Reconciliation in Trust Accounting to Balance Sheets in General Ledger, and even run your 1099 reports from Accounts Payable.
![Accept Credit Cards](https://staging.tabs3.com/wp-content/uploads/2018/03/card.png)
Accept Credit Cards
The best way to accept credit cards for your firm is with Tabs3Pay. Make deposits to trust accounts with Tabs3 Billing and Trust Accounting.
Does Tabs3 Accounts Payable Software provide me with 1099s for tax reporting?
Yes. Tabs3 Accounts Payable Software can print all your 1099-Misc and 1099-NEC forms, or even save them to a file so you can submit them electronically.
Can I automatically record recurring payments?
Yes. Tabs3 Accounts Payable Software can memorize recurring payments and automatically enter them to save you time.
Will Tabs3 Accounts Payable Software keep track of discounts?
Yes. Discounts can automatically be calculated when the invoice is entered in Tabs3 Accounts Payable Software.
Can Tabs3 Accounts Payable Software estimate cash requirements for an upcoming month?
Yes. Both Detail and Summary Cash Requirement reports are available in Tabs3 Accounts Payable Software.
Can I put an invoice on hold so it doesn’t get paid while I dispute something on the invoice?
Yes. Tabs3 Accounts Payable Software allows individual invoices to be placed on hold.
Does Tabs3 Trust Accounting Software provide me with 1099s for tax reporting?
Yes, 1099s can be prepared either by your Firm as a payer, or by the Trust Account holder as payer. When your firm is the payer, 1099 information can be combined with your accounts payable information to create a combined 1099 form or electronic file.
Can trust accounting activity appear on my Tabs3 client statement?
Yes. Statements can show just the Trust Account balance as of the statement date, all of the activity between the previous and current statement date, or no Trust Account information. You can also request a replenishment of trust Funds if the account drops below the recommended balance.
Can Tabs3 Trust Accounting tell me if I go below a minimum trust balance?
Yes. When creating a transaction in Tabs3 Trust Accounting, you will be notified if you fall below the minimum balance. Replenishment of Trust Account balances can also automatically show on clients’ statements.
Can I see a consolidated trust ledger for all of my firm’s trust accounts?
Tabs3 Trust Accounting can print ledgers showing the activity for each Trust Account, or print a combined ledger showing all activity for each bank account. Additionally, a Three-way report can be run after reconciling to demonstrate that the sum of the Trust Accounts matches the activity on the Bank Account plus any outstanding activity.
Is there a limit to the number of bank accounts I can use for my trust accounts?
Tabs3 Trust Accounting is limited to 99 Bank Accounts. Keep in mind that you can assign as many clients as necessary to each bank account so this should not pose a problem for most firms.
Is there a limit to the number of trust accounts I can track?
Tabs3 Trust Accounting does not limit the number of Trust Accounts you can track.
What are the benefits of a maintenance plan?
Even the best legal billing software requires support and maintenance over time. A Maintenance Plan provides you with free technical support, software updates, and substantial discounts on upgrading Tabs3 Software to allow more users or gain more features. A Maintenance Plan or monthly subscription is required to use Tabs3 Software.
Can I accept credit card payments for trust deposits?
Yes, the best way to accept credit cards for your firm is with Tabs3Pay. You will have the ability to authorize credit card and eCheck trust deposits directly in Trust Accounting.
Can I import transactions directly from my bank’s website?
Can I import transactions directly from my bank’s website? Tabs3 Trust Accounting can import transactions from most bank websites using the common file formats below:: OFX – Open Financial Exchange file QFX – Quicken Financial Exchange file QBO – QuickBooks Financial Exchange file
"After using Timeslips for over a decade, we were ready for a change. We never found Timeslips to be intuitive…the program was difficult to figure out and the customer service was non-existent. Tabs3 has been a breath of fresh air. The program is easy to figure out and the customer support has been top notch. I can be confident that when I call for assistance, I will reach a helpful and competent representative. I have nothing but good things to say about Tabs3 and would recommend it without a second thought."
Amanda Oster, Administrator
Thurman Law Office
There is nothing else out there as elegant to work with, reliable, compatible with other software and user-friendly with the most friendly, helpful support team. Worth every penny, including the costs of conversion. There are no cons.
Bonnie Humphrey, Attorney
Humphrey Law
Case Studies
Washington Real Estate Firm Modernizes Payments with Tabs3Pay
“I would definitely recommend it. It’s a matter of educating your clients that this is available to them. I don’t think there is a downside.”