Full client information is recorded – as well as family and friends, attorneys, and various other professional contacts involved in the case. Any member of your team looking at the file onscreen can see instantly the supervision level.
A record is maintained of key decisions that are made throughout the case. Reports of these key decisions are easily generated in various formats.The dates of the key decisions, and the sequence in which they were taken, can easily be tracked.
It is fundamental in any case review to know (and to have recorded) the specific Decision Taker of each event.
Maintaining and managing an accurate and up to date record of payments made and receipts of incoming money is not always straightforward.
It can easily become the bane of the work for an attorney actively managing a client’s affairs – particularly without a system that enables this to be done with relative ease.
State Benefits can be recorded as well as criminal injuries compensation and civil damages, plus other private income.
For each benefit received, a note of the payer is made, and the recipient, whether payment is mandated to a family member or other party, with the date of award and frequency of payments.
The Budgets feature in Isokon enables you to predict monthly income and expenditure. Budget requirements can easily be forecast. The case can therefore be conducted in a planned, smooth and orderly manner.
This is one of the features of Isokon Power of Attorney that enables lesser qualified members of the team to perform much of the case work – under the supervision of an attorney.
Document and Reporting Information – Asset Summary
Isokon for Power of Attorney includes a wealth of reporting options covering all aspects of the work. Reports can be easily customised (by you or the Isokon Support Team) whenever you require a report that is not provided as standard with the software.
Document and Reporting Information – Tax Summary
The Income Tax Summary is one of many examples of the reporting features of Isokon Power of Attorney. The tax summary is output into an Excel spreadsheet.
The time saved by the attorney and the team by this report is significant, and yet another factor to making Power of Attorney work a profitable contributor to the firm’s fee income.
Accounting – Log of Assets Receipts and Payments
Automatic regular payments allow you to easily reconcile monthly bank statements with accounts managed for the client. The underlying double entry accounting system gives complete accuracy and control over finances.
Please note that you are not required to understand double entry accounting to use this system. The underlying Isokon system will handle the double entry aspect for you.
Income and Expenditure Report – Output to Excel
The software will register and track all assets and liabilities. It will also record income payments, and enable you to have complete control over the format of Income and Expenditure reports as well as other financial statements during the course of the matter.