L.A.W.S. also processes retainer, cost reimbursement, and miscellaneous receipts. To ensure all cash is accounted for, the daily receipts processed are checked against the day's bank deposit total. L.A.W.S. uses cash basis accounting and automatically generates the appropriate general ledger entries. Choices of aged-receivable, billing and cash receipt reports are available in detail or summary form, sorted by client or attorney. Late charges and reminder notices may be generated on demand.
Disbursement information includes a manual check number and date.
A computer check is not printed. Disbursements are stored in the system until selected for payment via a user-specified due date. A journal entry reflecting the disbursement activity is automatically posted to the general ledger. Most general ledger activity involves automatic posting from the cash receipt or cash disbursement modules. The general ledger also permits the posting of manual journal entries.