Lawyers are not immune to this unproductive fate, recording only 2.5 billable hours per day on average, according to the 2020 Legal Trends Report. Stop using Excel for legal billing and add time back into your dayĪccording to the Smartsheet report, Automation in the Workplace, more than 40% of employees surveyed spend at least one quarter of their week doing manual, repetitive tasks. These issues can turn the billing process into a time-consuming and frustrating task for your law firm. Problems include data entry errors, version-control issues, and invoice tracking complexities. While many law firms might consider Excel an affordable, familiar, and easy-to-use software, depending on spreadsheets to manage your firm’s client invoicing can create many problems. The answer is: invoicing software.Law firms have used Microsoft Excel in their businesses for many years. One that has made its very purpose to simplify and speed up the invoicing process, taking the hassle out of tedious calculations or complicated Excel algorithms. Thankfully, today we find intelligent life far beyond the reaches of Word and Excel when it comes to creating and sending invoices.
However, it lacks the automatic calculation facilities that make Excel invoice templates so appealing. Word invoice template advantages & disadvantages:Īn invoice template in Word is therefore generally much more approachable and easy to manage. While the advantage is a convenient one, often the problem that arises when working with Excel is that it is a highly complex programme that requires more than a little experience and knowledge to make sure that your calculations are working correctly.
The main benefit of using Excel to create your invoices is that, since Excel is designed for complex spreadsheets, functions and algorithms, this could mean that calculations for your total amounts can be setup to happen automatically.ĭisadvantages of an Excel invoice template: To be honest, there aren’t many differences between invoices created on either Word or Excel, but there are a couple notable ones, so let’s take a look: What are the main differences between Word and Excel when it comes to creating invoices for your business?
Having covered the most important part of an invoice template, we can now move on to specifics. The pros and cons of Word and Excel invoice templates What are the pros and cons of each? And how do you make a decision?įortunately, this situation avoids any life-or-death decisions or existential angst, because, well, it’s about invoice templates, but also because the answer is simple: any invoice template is valid, as long as it meets the legal requirements. In this post, we address the following dilemma of which is better: a Word invoice template or an Excel invoice template.
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