The Most Trusted Name in Legal Time & Billing Software

Many firms add legal tools to help with trust tracking and billing. Some growing firms choose legal software that includes accounting, billing, and reports. Centerbase is one option that brings these tools together in one platform to reduce manual work and support compliance. Legal billing workflows can be more complex than QuickBooks is built to handle. https://thebossmagazine.com/post/how-bookkeeping-for-law-firms-strengthens-their-finances/ Many firms add a legal timekeeping or practice management system for that reason.

Common Failures of Out-of-the-Box SharePoint for Law Firms

Higher price points usually include advanced features such as integrated trust accounting, extensive document automation, and AI-powered functionalities. Time and billing software helps professionals track billable hours, generate accurate invoices, and streamline payment collection. TimeSolv combines these essential functions with reporting, trust accounting, and project management tools to help you run your business more efficiently. Many attorneys use the database inside legal practice management software. Many firms prefer one system for both legal work and business data. Many law firms use QuickBooks with legal practice management software.

FAQs About Accounting Software For Small Law Firms

Each can be managed with different software (or in an all-in-one software suite).

Lawyers and Practice Leaders

Its client portal is highly praised for communication (MyCase.com). Bill by campaign, track hours across clients, and show results with clear reports. TimeSolv helps you manage retainers, control budgets, and stay one step ahead of the deadline.

• Absolutely, most law firm accounting software is designed to manage trust accounts meticulously, ensuring compliance with legal standards.
• Plus, it integrates with legal practice management tools, which makes it easier to keep billing and accounting connected.
• Where firms often hit limits is when billing needs to connect to legal context automatically—like matter records, trust balances, and more structured approval steps.
• Key features of good law firm accounting software include trust account management, time and expense tracking, billing management, and financial reporting.
• Beyond the top three, several other platforms cater to diverse law firm requirements, each with unique strengths.

In this article, we’ve covered the best law firm accounting software packages. In addition to accounting, your law firm likely needs other software. This is not to say one method is better than the other; it just makes defining and understanding the classes of law firm accounting software important. The term “law firm accounting” tends to be thrown around pretty liberally and is often (inaccurately, in our view) used to describe billing and trust features. A common point of confusion are the different types of law firm accounting software.

Our expertise is focused on the successful outcome of the unified firm. We provide comprehensive assurance by verifying that the entire financial infrastructure is legally compliant and operationally efficient. We deliver training for the unified finance team on the new systems and standardised SRA procedures.

More Useful Software for Law Firms

The trade-off is integration oversight and occasional reconciliation between platforms. Clio is a legal-specific platform that combines time tracking, billing, trust accounting, and financial reporting into a single, integrated system. It’s designed to help law firms manage money and compliance without needing multiple tools or workarounds. Many leading estate tracking and practice management platforms, including Clio Manage and PracticePanther, offer native integration with QuickBooks.