Legal Accounts Payable Software
Accounts Payable
Automated accounts payable processes to make bill paying easier.
Tracking Made Easy
Using the Tabs3 Accounts Payable Dashboard, you can easily see any unpaid invoices as well as totals for unpaid invoices, unposted checks, and the amount paid this month, all at a glance.
Print Checks Based on Your Needs
Print a batch of checks or use the Print Check feature to print a single check. Record handwritten checks. Print memos on checks and more.
Stay Secure with Positive Pay
Accounts Payable includes a Positive Pay Export program that allows you to export a list of all approved checks that can then be uploaded to your bank or financial institution’s fraud prevention program.
File 1099s Quickly and Easily
Print 1099 forms and combine amounts paid to vendors and Trust Accounting payees to meet IRS thresholds.
FAQ
What is Accounts Payable automation?
Accounts Payable automation (or AP automation) refers to technology that simplifies the accounts payable process by utilizing automated workflows. As a result, AP automation significantly reduces and, in some cases, eliminates the need for repetitive manual tasks like creating and submitting invoices and document assembly which can be time-consuming. Note, however, that automation does not entirely take over your accounts payable processes. Instead, AP automation software relies on “if/then” instructions that you give it and is simply meant to save you time and make your job easier.
How does Accounts Payable automation software benefit law firms?
By adopting accounts payable automation software, law firms can expedite the invoicing process, maintain compliance, lower costs, and reduce the risk of human error. Additionally, it enables law firms to manage their expenses more effectively and obtain valuable insights into their cash flow that can inform their decision-making.
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.
Read more: Prepping for Tax Season: Form 1099 Basics for Law Firms
Can Tabs3 Accounts Payable Software automate our firm’s 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.