Accounting

Manage Your Firm's Finances

IRALEX helps you reconcile your accounts and get a good handle on your firm's financial status.

Monitor the work in progress, billing history, invoice payments, ageing receivables, and any other relevant data moving through the pipeline, to see exactly how well the firm is doing.
Manage both firm and client-related expenses to help regulate the cash-flow.
Maintain accurate records that differentiate customer monies in trust accounts from your firm's operating funds.
See how much revenue each lawyer has brought in from their cases so that they can be compensated accordingly.

Frequently Asked Questions

Iralex makes it simple to reconcile the firm’s accounts, view transactions across all matters, and helps the business function more efficiently.
• Accounts Receivable: Report of outstanding receivables.
• Accounts Receivable Aging: Report of accounts receivable categorised by time period.
• Billing History: Report of both current and past bills.
• Matter Balance Summary: Summary of all open matters with outstanding receivables and work-in-progress.
• Invoice Payments Report: A general ledger of payments made on invoices. It includes corresponding credits on each item of service and expense.
If lawyers charge by the hour, they may keep track of their time in six-minute increments. They can then add this time to an invoice and write down what each time log was spent on. Lawyers may also keep track of their time but use different ways to bill, such as retainers, evergreen retainers, sliding-scale fees, flat fees, contingency fees, or subscription services.
IRALEX's legal billing feature is included as part of our monthly price of just RM199* a month so that firms of all sizes can use our software solution.
Yes. IRALEX's billing software lets you customise headers and themes, and add your law firm's branded logo to your invoices.
Yes, IRALEX includes a straightforward dashboard of outstanding balances that shows who's paid their bills, who hasn't, and when a payment is due.
The best legal billing software has many features to help your law firm bill efficiently. Here is a list of common things you should look at (all of these are in IRALEX):



• Different billing arrangements: Your legal billing software should let you bill by the hour, charge flat fees, or get paid based on how well your case does.
• Customised hourly rates and fees: This lets you charge different set hourly rates for different lawyers in your firm and different flat fees for different activities.
• Timekeepers: Your legal billing software should have stopwatch timers that you can use to track time as you work. You should also be able to add time entries after the fact.
• Keep track of expenses: Clients need to be billed for printing costs, mailing costs, and filing fees. IRALEX helps you keep track of everything.
• Activity categories: Create different categories for activities, like research, document writing, and contract review.
• Billing: Bills can be created based on the unbilled time and expenses that have been logged to a matter.
• Bill or invoice templates that can be changed: Your legal billing software should let you make clear, professional bills with your firm's logo and any standard text you need.
• Payment reminders: If an invoice is past due, you should be able to remind people to pay.
• Outstanding client balances: It should be easy to see how much money is owed by clients and whether or not they have paid.
• Trust account management: The software will help you keep track of all trust accounts and transactions.
• Financial reporting: You should be able to see accounts receivable, outstanding balances, and more in easy-to-read reports that are organised by client, matter, or lawyer.