The Best Law Firm Accounting Software

(Some law firms try anyway, or worse yet, use an Excel spreadsheet to manage trust accounts). CosmoLex includes client and matter management, time, billing, business accounting and trust/IOLTA accounting, thereby eliminating the need for QuickBooks or other accounting software. With CosmoLex, the financials of every client/matter is front-and-center, and intrinsically linked to each case. law firm bookkeeping ProLaw comes in a number of packages and editions, some of which include ProLaw’s fully-featured accounting software. With ProLaw, your law firm can manage its clients, matters, billing, documents and accounting on a single package. In our extensive experience working with hundreds of law firms, here is our list of the best law firm accounting software (in no particular order).

We believe everyone should be able to make financial decisions with confidence. Does your law firm already have a cloud strategy, but have one premise-based application still running on onsite servers? Juris comes in two packages, Juris Core (it’s more entry-level product) and Juris Suite, it’s more comprehensive edition. Both come with rich accounting and a strong set of financial and billing reports. Viewing and evaluating your firm’s financial performance is key to its success and growth. We recommend ensuring that the solution you choose offers sufficient support in the form of live chat, email, or documentation and trying out any demos or free trials and plans before committing.

Xero

Link your bank accounts for up-to-date transaction information with little or no manual data entry. A retainer agreement helps establish terms for your services and payment. Learn how to set up your own retainer agreements and improve stability for your practice. QuickBooks is the ideal software for lawyers to spend less time on busywork, and more on real work.

Using enterprise resource planning (ERP) and customer relationship management (CRM) functions, the program works to integrate the various tasks of business management, including sales, service and back-office processes. As a web-based program, NetSuite requires an internet connection to access your accounting records, but it can be used remotely through a web browser or mobile device. It also allows attorneys to export data into IIF or CSV file extensions. It is necessary for the firm to gain an in-depth understanding of where their money is used for the firm’s activities or the payments on behalf of their clients. With no right legal accounting software, law firms might face a number of problems such as missing receipts and inaccurate records in the ledger.

Organize Your Books With Bookkeeping Services

ProLaw is robust practice management, document management and accounting software for law firms. It’s the only legal software platform that includes all three of these main pillars to running a law practice. Optimizing a law firm’s finances can mean a lot of different things to different people.

We believe knowing your company’s financial health is the key to maintaining control of your business. QuickBooks has some of the most affordable pricing plans for their accounting software. You can save 50% by purchasing right away or start with a trial for 30 days. There are also additional add-ons such as Enhanced Payroll ($19/month) and Full-Service Payroll ($49/month) available for the Simple Start, Essentials and Plus plans. Legal Files is commonly used by corporate legal departments, law firms, university legal departments, insurance companies, and various levels of government. LeanLaw’s functionality helps everyone in the firm — legal professionals and accounting — at every stage in the process do more and do better.