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For example, CosmoLex’s credit card processor, CosmoLexPay, automatically pulls fees for online payments from a designated legal account instead of from the client account. Legal accounting software helps law firms track time, bill clients, law firm bookkeeping manage schedules and monitor business performance with financial reports. Accounting software options that are specific to law offices will ensure confidential client information is stored properly and complies with data security laws.

TimeSolv has been around since 1999 and offers project management and billing software for firms of all kinds—consultants, PR, freelancers, accountants and lawyers. It caters to “Mac firms,” because of the seamless syncing across devices, but it offers apps for Android and PCs as well as iOS and Macs, along with its cloud-based app. As a fully customizable legal accounting software platform, QuickBooks lets you manage retainers based on your state’s specific IOTLA programs rules.

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While there is a lot of accounting software for attorneys on the market, there are only a few that are purpose-built with lawyers’ specific needs in mind. For a comprehensive solution with billing, payments, accounting and case management, look no further. Boosts Productivity
Relying on spreadsheets and manual data entry tasks are tedious and prone to human error. A comprehensive legal accounting solution can help significantly boost your operational efficiency by streamlining bookkeeping, taxes, payroll, and more – without sacrificing accuracy. By eliminating the lion’s share of manual tasks from the firm’s day-to-day, attorneys will be free to focus more on clients or pursue more strategic goals.

No matter how big or small your law firm is, accurate, timely payroll is essential—but it can be time-consuming to complete manually. With that said, it’s not always a simple or easy decision to choose new technology for your practice. From understanding what software benefits your law firm to choosing the best legal accounting software for law firms, read on to learn more about your options.

Accounting

While there is a lot of accounting software on the market, not all are equipped to handle the unique security and compliance requirements needed by law firms. Make sure that any solution you consider has multiple layers of security and encryption to keep transaction history and other account information safe. Zola Suite is a cloud-based legal practice management and accounting application.

If you choose to use PCLaw for your law firm accounting software, you will want to partner with an accountant or bookkeeper who is well-versed in the system. PCLaw’s certified partner program can help with this, or you can choose to have a member of your team become a PCLaw Power User. In addition to billing, Clio also handles client intake, scheduling, document management, client relationship management and many other functions your growing law firm needs. Multiple pricing options give you the ability to scale as your firm grows, meaning you won’t pay for features until you actually need them.