Tabs3 Financials

Specifically designed for law firms.

Tabs3 Financials 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 system. Because Tabs3 Financials software was designed to work with Tabs3 Billing Software, you call only one support team for assistance if you ever have questions.

General Ledger

Insight into your firm's business.

General Ledger

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.

Accounts Payable

Stay on top of your cash flow.

Accounts Payable

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.

Trust Accounting

Manage trust accounts for your clients.

Trust Accounting

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.

Accept Credit Cards

Accept Credit Cards

The best way to accept credit cards for your firm is with Tabs3 Credit Card Authorization. We have negotiated special, low rates for Tabs3 users. 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 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.

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

Case Studies

 

Replacing TimeMatters and QuickBooks with Single Solution

“Tabs3 offers a single integrated solution, making it the Ferrari of law firm software.”

– Tracy Keppel Pumphrey

Pumphrey Law

In order to streamline document sorting, cut down on paper waste, access client information remotely, and guarantee trust accounts are Florida Bar compliant, Pumphrey Law turned to Tabs3 and PracticeMaster for help. Keep reading to learn more!