Designed for functional trust account management, DynamicLTA provides a simplifying, uniform Chart of Accounts layout.
When it comes to file numbers, the rule Re-Use, Reduce, Recycle, does not apply.
All account numbers are five digits in length. Client accounts fill the range 00000-89999, allowing for 90,000 possible client accounts. The business accounts are restricted to the range 90000-99999, allowing 9,999 possible business accounts.
Client files would typically appear like this, numbered in sequential order:
ACNO – Client
A0123 – Lincoln, Abraham
B0124 – Franklin, Benjamin
T0125 – Jefferson, Thomas
C0126 – Capote, Truman (not a precedent)
#89901 Trust Bank Charges and Interest
Nominal Ledger
#90001 Fees Partner 1
#98501 Disbursement Creditor
Search functions make it easy to search for and find the file you seek, while reports have a neat, standardized look.
If a lawyer were to open 1000 new client files every year, DynamicLTA would still be in service after 90 years! 🙂
On the business side, accounts can be typed as Income/Expense, and the traditional Assets, Liabilities, Equity accounts, with a recommended layout, making easy to read reports.
Our design and layout prevents confusion between account numbers which look similar, as the numbers, 00001, 00100, 01000 each indicate a unique reference.
We understand that law firms grow dynamically. From humble beginnings to being a renowned law firm can be a few short steps. We aim to provide an excellent product, to make that entry into the market as smooth as possible.
-Dynamic