Billing, payroll and practice numbers, kept current.

No. Trust accounting stays with your firm’s trust account specialist, because it runs under its own rules and needs its own expertise. Visory runs the office-side books: bookkeeping, payroll, accounts payable and accounts receivable. Fees enter the office ledger once they have been transferred out of trust, and Visory reconciles them from there.

Lock-up is the number of days of fees tied up between doing the work and banking the cash: work in progress days, for time recorded but not yet billed, plus debtor days, for bills sent but not yet paid. Visory works it out each month from your ledger and your practice management reports, by partner, and sets it against the target your partners choose.

Yes, from the reports your practice management system already produces. Each month, aged work in progress is shown by partner and by matter, set against the costs estimate where you track one, and billed fees are tied back to the ledger. Matters with old unbilled time or nearing their estimate come to the top of the list.

Every disbursement your firm pays, from counsel’s fees to search and filing costs, is coded to the matter it belongs to when the bill is processed. Each month, paid disbursements are checked against what has been billed, so recoverable costs left off a bill are listed for the responsible partner before the matter closes.

Yes. A Payroll Officer runs every pay cycle, with support staff classified under the Legal Services Award 2020, from clerical and administrative levels to law graduates and law clerks, and salaried lawyers paid to their contracts. Where staff are on an annualised wage, the yearly comparison with the award is run and any shortfall paid. Delphi AI prepares and checks the run, your Payroll Officer oversees it, you approve it, and it is paid, reported through Single Touch Payroll, and the super sent within seven business days.

Yes, in your name, on a cadence you agree. Visory sends the reminders, follows up by phone where you want it, and reports aged debtors by partner each week. Under the Uniform Law, a client can ask for an itemised bill within 30 days of the costs becoming payable, and recovery proceedings cannot start until at least 30 days after the bill. Those proceedings, and any costs dispute, stay with the firm.

Yes. Each month the read shows the firm’s profit for the month and the year to date beside the drawings each partner has taken, so drawings are set against profit earned rather than cash in the bank. For an incorporated legal practice, the same view covers directors’ pay and dividends.

Usually not. A firm of five people still records time, bills matters, chases debtors and runs an award payroll, and a partner doing the books after hours is time that is not being billed. Visory fits best from around five people; a sole practitioner with no staff usually needs less.

Visory charges one flat monthly fee for the scope we agree. No timesheets, no hourly billing, no surprises. The fee reflects the services you take and the volume of work in your firm, from the number of bills sent and payments received to the size of the pay run, so you know the monthly cost before you start.