Get STP Compliant, Upgrade to our Single Touch Payroll (STP)
Single Touch Payroll changes the way you report to the ATO. Our streamlined reporting for pay-as-you-go (PAYG) means you’ll be able to remit employees’ salaries, wages, withholding and super information with every payroll event. End of year processes will be simpler as you’ll no longer need to prepare payment summaries.
The ATO has confirmed that with the release of Sweden, LawMaster’s payroll module is now Single Touch Payroll (STP) compliant. Using our own STP solution, we’ve been successful in submitting LawMaster payroll data to the ATO since mid-September. Therefore, with much anticipation, this major feature development is now available to all clients using LawMaster’s payroll module.
Sweden contains a number of intelligent tools that will enable a quick and efficient transition to STP. We’ve developed a comprehensive User Guide to help with your adoption of Single Touch Payroll. Further communications will share more information to support your adoption of STP.
Enhanced Client and Entity Management Controls
With an increasing requirement for firms to ‘know your customer’ we’ve introduced a new concept called ‘Entity Variables’. Entity Variables will assist firms support processes such as client onboarding, client due diligence, verification of identity, anti-money laundering and business development.
Entity Variables are custom fields easily configured to record any type of additional client information such as a Driver’s license or Passport details. The Entity Search screen now includes a new Variables tab that will allow you to View, Add, Modify and Delete Entity Variable data. They can be populated through existing LawMaster functionality such as the Reverse Merge or Workflow. Sweden masters all aspects of this feature by enabling the merge of Entity Variables to Word or PDF Document Templates. This valuable enhancement enables you to capture and manage entity data once, and use it across many matters.
With Law Firms requiring more control and compliance when capturing data, Entity Variables will soon become an indispensable part of your entity management process.
Streamline the Email Management Cycle
LawMaster’s Sweden release streamlines the Email Management cycle, making if faster and easier to complete all of the tasks associated with effective email management.
By introducing changes to our Email Management interfaces, LawMaster assists users in efficiently processing email at the point of saving the email as a folio. This eliminates the need for time-consuming subsequent updates.
These changes enable users to perform the following tasks when processing an email in LawMaster:
- Save and classify email attachments as separate folios
- Amend email attachment Folio Precis, Info Type and Override the File Name
- Create a bring-up
- Record your time on both inbound and outbound emails
Another handy feature is with the folio view. Emails with attachments now display the email icon with a paper clip symbol.
Flexible amendments to Time Records
It’s always been possible to amend a Time Record, but in Sweden we’ve added even greater flexibility to this task making it easier to manage your time.
With appropriate security settings, you can now amend the Activity Code or Expense Type, Units, Amount and Narrative of a Time Recording Entry. Modification to the cost transaction results in the reversal of the original transaction creating a new cost transaction.
Improve the quality of your communications when distributing LawMaster Forms documents. Customisable email subject, attachment name, and message body provide clarity and context to saved and sent forms.
- Use relevant Form fields to configure a standard Folio Precis and Folio Override File Name for saved Forms.
- You can also configure the Attachment File Name, Email Subject and Email Body for Emailed Forms.
- Through the Forms Enquiry window, a new button has been added to Edit Forms called ‘Set Templates’. The variables available for that form are clearly displayed for both the folio and email templates.
Refresh Folio ID and Version Details in Word Folios
The Sweden release introduces a new method that adds the LawMaster Folio ID and Version details as Custom Properties in Word documents. The values for these Custom Word Properties are updated when creating, editing or modifying folios. Custom Word Properties can also be merged through the use of placeholders in Document Templates.
Inserting LawMaster’s Custom Word Properties as DocProperty field codes in the header, footer or body of a Word document ensures accurate alignment between the produced document and its LawMaster record.
LawMaster’s Trust Accounting functionality has been upgraded in Estonia to provide enhanced support for EFT transactions, including:
- The sequencing of EFT Payment numbers for each bank account.
- Implemented EFT Payment requisitions improving compliance with EFT payments made from a trust account.
