If you work in the legal industry, you’re likely familiar with LEDES, also known as the Legal Electronic Data Exchange Standard.
For the uninitiated, LEDES is a standard file format used by legal professionals for the electronic exchange of information, particularly invoice data. It essentially provides an industry standard that allows different law firms and clients to communicate more clearly. E-billing in general, meanwhile, cuts down on paper costs while instantly delivering invoices.
You might not know that BQE CORE offers LEDES export for invoices. It supports three e-billing formats (LEDES 1998B, LEDES 1998B1-v2, and LEDES 2000 XML) and includes mapping with Uniform Task Based Management System (UTBMS) codes. Your activity IDs are exported as A-codes, while you can choose to label either your time entries or activity sub-codes as L-codes. You can also create custom A-code and L-code mappings for clients. It’s simple to set up the export and select your preferences in the CORE > Settings screen.
Afterwards, just go to the Invoices screen, select the invoices you’d like to export, and choose Actions > Export to LEDES. Your invoice immediately starts downloading as a .lds file for LEDES 1998B formats, or as an .xml file for LEDES 2000 XML. Check CORE Help Center for details.
By using the CORE LEDES Export feature, you can reap all the benefits of having time and expenses, billing, accounting, and intelligence on one cloud platform. Furthermore, no matter whether you bill by the hour or use a different billing arrangement, you can always export your invoices into LEDES. This way, you can simplify your billing and firm management, so you can devote yourself to working with your clients and building your business. Check out CORE Help Center for details.