We believe everyone should be able to make financial decisions with confidence. For example, in Clio Accounting, you can easily generate financial reports to help prioritize what’s most relevant for your firm and make data-driven decisions. Clio Accounting makes it simple to match account transactions from your bank account to your books, creating permanent records you can rely upon. Clio Accounting helps you record, manage, and analyze every financial transaction related to running your firm in one place. Bookkeepers track your finances so you can view at a glance how much money is entering and leaving your business. And because they’re tax compliant, you can feel confident they’ll keep your books organized and prepared for tax filing.

No additional software is necessary to access the powerful accounting and bookkeeping tools that you would expect to find in high-quality programs. Whatever it is you need to do, you are likely able to do it with CosmoLex. Automatically send payment reminders and spend less time chasing clients. With a variety of payment options, including online payments, electronic payments, and credit card payments, it’s easier for your clients to pay invoices. Plus, one-step bank reconciliation shows you exactly what’s outstanding and where you stand financially. As a fully customizable legal accounting software platform, QuickBooks lets you manage retainers based on your state’s specific IOTLA programs rules.

1. It provides a streamlined process for preparing, submitting, tracking, and managing electronic bills.
2. Ditch your outdated templates and create professional invoices that capture every detail of billable work.
3. Generate financial statements like cash flow, profit and loss, or balance sheets.
4. With its comprehensive features, it offers a streamlined solution for end-to-end financial management, making it perfect for businesses with complex requirements.
5. Online payment solutions like Clio Payments also streamlines your collections and accounting workflows.
6. Millions rely on TaxSlayer to ensure they comply with all of the necessary tax regulations and adequately fulfill their tax duties.

Legal accounting software with billing features (such as the ability to create or track invoices) or that connects with your practice management software helps simplify your workflows. Clio Accounting speaks to Clio Manage, enabling you to seamlessly track time, invoice, and collect payments, making Clio your single system of record. Keeping accurate records of your law firm’s accounts is a challenging yet vital part of running a legal practice.

TaxSlayer

FreshBooks’ robust accounting platform helps you stay on top of client work and keep all your client documents in one place. Yes, law firm accounting software can typically handle UTBMS legal billing codes. This feature allows firms to categorize legal tasks and expenses, ensuring detailed accounting articles financial tracking, accurate invoicing, and compliance with industry standards.

& Small Businesses

Many or all of the products featured here are from our partners who compensate us. This may influence which products we write about and where and how the product appears on a page. Unfortunately, reports that give you what you need can be cumbersome to create manually.

Grow Your Legal Practice

Zola Suite is an option with some of the most powerful and plentiful tools for law firm accounting and bookkeeping. It offers most—if not all—of the tools, other software options, and some bookkeeping vs accounting: whats the difference of its unique features, most notably various management capabilities. You can track time manage your contacts, documents, and other aspects of your law firm’s operation with Zola Suite. Stay organized with law practice management software that allows you to keep track of everything from billable hours to time tracking.

Law firm accounting software is an accounting solution designed specifically to streamline and automate the unique financial and billing practices of law firms. An integrated legal accounting software simplifies the complexities of your financial management. This isn’t a one-size-fits-all solution but tailored software built with the intricacies of the legal profession in mind. Consider what you need, and seek out accounting software that fits those needs.

If you are on the fence about TimeSolv, you can take advantage of their 30-day free trial to give them a shot. TimeSolv also accounting memo sample offers a six-month money-back guarantee for those who purchase the service but are not happy with it. Pricing for TimeSolv is based on how many people will use the software. Xero offers a 30-day trial period for firms that want to test the water without making a long-term commitment. We’ll let you know which cases or clients have outstanding balances, which cases are racking up expenses, and more. You can always access reports from your phone when you’re on-the-go.