10 Good Accounting Software that Lawyers Can Use
Managing the finances of a law firm can be complex. Legal professionals deal with billing, taxes, and financial reports that require accuracy and organization. Good thing there is accounting software that can help lawyers in dealing with these financial processes. They just need to ensure they’re using the best and most trusted accounting software that’s fit for law professionals.
1. QuickBooks Online
Best for Small Law Firms and Solo Practitioners
QuickBooks Online is one of the best accounting software for small law firms, offering a cloud-based solution that allows law firms to manage expenses, create invoices, and track time. With seamless integrations and user-friendly features, QuickBooks helps legal professionals keep their finances organized.
Key Features
- Time and expense tracking
- Automatically categorizes transactions
- Professional invoicing with online payment acceptance
- Integration with practice management tools
QuickBooks Online pricing starts at $25/month, making it an affordable choice for small to medium-sized law firms.
2. Xero
Best for Growing Law Firms
Xero is a cloud-based accounting software known for its simple user interface and robust features. Legal professionals can use Xero to generate customizable reports, manage payroll, and handle invoicing. Xero integrates with over 800 third-party applications, including legal software, which makes it a versatile choice for law firms.
Key Features
- Real-time financial reporting
- Customizable invoicing and billing
- Integration with over 800 apps
- Payroll and tax management
Xero’s plans start at $13/month for small businesses, but law firms may find the Premium plan at $70/month more suitable for their needs.
3. LEAP
Best for Mid-Sized Law Firms
LEAP is an all-in-one cloud-based legal practice management software that includes integrated accounting tools. LEAP simplifies billing and trust accounting while helping law firms track time and manage expenses. This platform is designed specifically for the legal industry and helps law firms maintain compliance with legal financial requirements.
Key Features
- Full-featured trust accounting
- Automated client invoicing and billing
- Time and expense tracking
- Integration with legal research tools
LEAP is available on a subscription basis, with pricing available upon request.
4. Clio Manage
Best for Law Firms Seeking Comprehensive Practice and Accounting Tools
Clio Manage is one of the best accounting software for attorneys. It provides an intuitive interface that integrates with various legal tools and helps law firms manage their finances easily. Clio includes time tracking, invoicing, payment processing, and trust accounting, making it a powerful platform for law firms.
Key Features
- Time tracking and expense management
- Automated invoicing and payment reminders
- Trust accounting and client billing
- Integration with over 200 apps
Clio’s pricing starts at $39/month, making it suitable for both solo practitioners and larger law firms.
5. ANNA Money
Best for Solo Lawyers and New Law Firms
ANNA Money is a simple and affordable accounting solution ideal for solo lawyers and new law firms. It automates bookkeeping tasks such as expense categorization, invoicing, and tax calculations. ANNA Money is perfect for attorneys who want a straightforward accounting platform without unnecessary complexity.
Key Features
- Free company registration and integrated business bank account
- Automated tax and expense tracking
- Simplified invoicing and reminders
- GST management
ANNA offers fixed monthly pricing, with the basic package starting at $619/year (approximately $51/month).
6. AccountsIQ
Best for Mid-Sized Law Firms with Advanced Reporting Needs
AccountsIQ offers advanced automation and reporting features that are well-suited for law firms with more complex financial needs. It provides cloud-based financial management with customizable reports and the ability to handle large volumes of data. This platform is ideal for law firms that require detailed analysis and compliance with tax regulations.
Key Features
- Automated data entry and task management
- Multi-dimensional financial reporting
- Compliance with Making Tax Digital (MTD)
- Customizable charts of accounts
AccountsIQ’s plans start at $199/month for the Essentials plan, with higher-tier plans offering additional features.
7. Serenic Navigator
Best for Nonprofit Legal Professionals
Serenic Navigator, powered by Microsoft Dynamics 365, is ideal for nonprofit law firms or legal professionals who work with nonprofit organizations. It integrates seamlessly with Microsoft Office applications like Word, Excel, and Outlook. Serenic Navigator also offers multi-currency transactions and real-time data consolidation, which is helpful for international clients.
Key Features
- Multi-currency and growth tracking
- Customizable dashboards
- Integration with Microsoft Office applications
- Real-time report consolidation
Pricing is available upon request and tailored to the specific needs of each organization.
8. Kinetic Financial Management by Epicor
Best for Large Law Firms with Global Operations
Kinetic Financial Management by Epicor is a comprehensive cloud-based solution that suits larger law firms with global operations. It offers features such as real-time financial data tracking, multi-currency management, and customizable dashboards. Kinetic helps law firms automate their financial processes and gain better financial visibility.
Key Features
- Flexible general ledger and secure accounts payable
- Multi-currency and global compliance features
- Customizable dashboards and reports
- Real-time data tracking
Pricing is available upon request.
9. ZarMoney
Best for Freelance Lawyers and Small Firms
ZarMoney is a budget-friendly accounting solution designed for small businesses, including freelance lawyers. This software helps legal professionals manage invoicing, tax calculations, and financial reports. ZarMoney also offers real-time inventory tracking and multi-payment method support, making it useful for law firms that handle physical assets.
Key Features
- Automated bank reconciliations
- Real-time inventory tracking
- Customizable reports and analytics
- Multi-payment method support
ZarMoney offers several pricing plans, with the Entrepreneur Plan starting at $15/month, making it a highly affordable option for solo practitioners and small law firms.
10. Refrens
Best for Freelancers and Small Agencies in the Legal Field
Refrens is an accounting platform tailored for freelancers and small law firms. It allows legal professionals to create customizable invoices, manage expenses, and track payments. With its easy-to-use interface, Refrens simplifies financial management for attorneys who need a straightforward, low-cost solution.
Key Features
- Customizable invoicing templates
- Expense categorization and receipt tracking
- Client management system
- Payment gateway integrations
Refrens offers a freemium version with paid plans starting at about $45/year, making it an affordable solution for small firms.
Use the Right Accounting Software for Your Law Firm
Choosing the right accounting software for your law firm can make a big difference in managing your finances. With the right tools, like cloud-based platforms designed for legal professionals, you can easily handle billing, track expenses, and stay on top of taxes without getting overwhelmed. The right software helps you save time, avoid mistakes, and keep your practice running smoothly, so you can focus more on your clients and less on paperwork. It’s an investment that can make managing finances simpler and more efficient, helping your firm grow with ease.