A system and method are provided for managing electronic data, in particular, telephone messages that include a time entry system that can be associated with multiple parties and are sortable in a plurality of fashions. Telephone messages can be logged, which automatically causes a telephone number in the database to be updated, and automatically accesses data related to the caller, including listing all matters associated with the caller. An action message can be attached to a telephone message, or an action message can be sent without the telephone message. If time is to be charged as a result of the message, the time can be logged into the system for one or a multiplicity of users. Instant messages can also be sent to other users of the system, and reports can be generated by date, client, matter, or name.