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.
Specifically designed for law firms.
Insight into your firm's business.
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.
Stay on top of your cash flow.
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.
Manage trust accounts for your clients.
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
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.
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.
Yes. Tabs3 Accounts Payable Software can memorize recurring payments and automatically enter them to save you time.
Yes. Discounts can automatically be calculated when the invoice is entered in Tabs3 Accounts Payable Software.
Yes. Both Detail and Summary Cash Requirement reports are available in Tabs3 Accounts Payable Software.
Yes. Tabs3 Accounts Payable Software allows individual invoices to be placed on hold.
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.
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.
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.
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.
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.
Tabs3 Trust Accounting does not limit the number of Trust Accounts you can track.
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
"We have been using Tabs3 for over 6 years. The company has been around a very long time and has a solid, feature rich product that can be tailored to work for most everyone. Lots of modules to support accounting, document management and payables. They have integration with several key players like Worldox. There are many more features than any one firm would use but it is built to be flexible and to accommodate a wide range of practices and use."
Tim Carr, Firm Manager
InFocus Family Law Firm, P.L
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
30 Years and Counting – Accuracy, Efficiency, and Flexibility
“Every client has different requirements for billing and Tabs3 gives us the flexibility to adapt to clients’ wishes.”
In order to better track billable time and make it easier to manage court calendar and court document submission requirements, Ericksen Arbuthnot turned to Tabs3 and PracticeMaster. Keep reading to see how they were able to spend more time providing legal services and securing new clients.