Best Law Firm Accounting Software For 2022
Law firm accounting software is a must-have for any goal-focused law firm. It allows you to manage your finances, track income and expenses, file taxes, and more. But which one should you choose, considering that the software market offers tons of them?
We’ve compiled a comprehensive list of the top 10 best law firm accounting software available today, plus their stand-out features and prices. So please keep scrolling to discover the best option for your law firm!
Xero
Xero is an online accounting platform that’s easy to use and affordable. You can easily set up multiple clients, accounts, invoices, bills, and payments in just a few minutes. Plus, it has built-in tools like time tracking, expense reporting, and payroll.
Our Favorite Xero Features
- Both Android and iOS-compatible
- Effortlessly accessible from anywhere with its mobile app
- Automatically imports bank transactions
Xero Pricing
- Early: $5.50/month
- Growing: $16/month
- Established: $31/month
QuickBooks
If you have a small or mid-size legal practice, then QuickBooks is the perfect solution. This cloud-based accounting system offers everything you need to run the financial aspects of your law firm. From managing client billing statements to automating tax filings, this program does it all.
Our Favorite QuickBooks Features
- Easy to learn and simple to use, even for non-accountants
- Cloud-based and desktop versions
- Automated statements and payment reminders
- Payroll liability reminders
QuickBooks Pricing
- QuickBooks Online starts from $40 per user per month
- QuickBooks Desktop starts from $199 per year
Clio
If you’re in the market for a fully integrated law firm accounting solution, look no further than Clio. Having been highly recommended by more than 50 bar associations across the U.S., there’s no denying that Clio is the accounting and practice management software to beat. It provides billable hours tracking, time entry, and invoicing. Plus, it syncs automatically with Google Calendar, making it easier than ever to stay organized.
Our Favorite Clio Features
- Clio Payments enable clients to pay their legal bills online in a few clicks
- Supports scalability as your law firm grows
- Streamlined, modern user interface
- Matter dashboards and firmwide provide instant visibility into the firm’s financial performance
Clio Pricing
- Clio Manage: it’s the most popular and starts from $39 to $99 per user per month, billable annually
- Clio Grow: $49 per user per month, billable annually
- Clio Suite: $89 per user per month
Freshbooks
Freshbooks is a popular choice among lawyers because it offers a free trial period, unlimited clients, and no contract. The basic version includes invoicing, time tracking, and project management. Plus, you can add custom fields, reports, and integrations.
Our Favorite Freshbooks Features
- Quick expense creation – you can create expenses directly from the Expense tab
- Integration with almost 100 apps in such categories as CRM, tax preparation, inventory management, etc
- It supports double-entry accounting
Freshbooks Pricing
- Lite Plan: $13.50 per month
- Plus Plan: $22.50 per month
- Premium Plan: $45 per month
- Select Plan: customizable based on your needs
PCLaw
If you’re looking for one of the best all-in-one law firm accounting software, PCLaw has got you covered. It’s excellent for billing, accounting (including detailed financial reporting), time tracking, and lightweight practice management.
Our Favorite PCLaw Features
- Desktop and server-based, meaning it can run either on-premise or within the private cloud
- Effortless to set up and use
- Integrates seamlessly with case and document management solutions like Time Matters
PCLaw Pricing
- Pricing starts at $39 per user per month
- But for accuracy, you should fill out PCLaw’s webform since it offers subscription-based, per-user pricing
Zoho Books
Zoho Books is a powerful bookkeeping tool that also acts as an online accounting system. With this solution, you can effortlessly reconcile bank feeds, pay recurring bills, manage inventory, run financial reports, and generate invoices.
Our Favorite Zoho Books Features
- Simple, straightforward user interface
- Works on both desktop and mobile devices
- Schedules and customizes reports
- Customizable invoice templates
Zoho Books Pricing
- Free trial: 14 days
- Free plan: $0
- Standard Plan: $20 per month
- Professional Plan: $50 per month
- Premium Plan: $70 per month
Harvest
Harvest is a robust accounting platform that offers everything you need to keep your books straight. It provides time tracking, expense tracking, invoicing, and time-based reporting. Plus, it’s easy to customize and integrate into your workflow.
Our Favorite Harvest Features
- Clean interface
- Automated payment reminders
- Integrations with tons of useful apps like PayPal, Asana, Xero, Basecamp, QuickBooks, and more
Harvest Pricing
- Free plan available
- 30-day free trial
- Pricing starts from $12 per user per month
Sage Intacct
Sage Intacct is a cloud-based financial management and accounting software perfect for small to mid-size law firms. It automates critical financial processes and provides financial insights and reports, helping your law firm optimize its operations. Plus, it integrates with other programs so you can automate processes across departments.
Our Favorite Sage Intacct Features
- Simple and organized user interface
- Automated workflows
- Cloud-based, thus optimally secure and reliable
- Track each transaction’s history
Sage Intacct Pricing
- 30-day free trial
- For accurate pricing, you’ll need to fill out Sage Intacct’s webform
LawBillity
LawBillity is legal time management and billing software for law firms and attorneys looking to improve productivity and profitability. It offers time tracking, expense tracking, accurate billing, and detailed reporting. Plus, it’s simple to use, even for non-accountants.
Our Favorite LawBillity Features
- Free mobile apps for iOS and Android
- Integrates with LawPay, enabling users to receive online payments
- Accessible even when offline
- Automatic invoice reminders
LawBillity Pricing
- 14-day free trial
- Prices start at $24 per user per month, billable annually
ProLaw
If you wish to streamline your legal processes by managing accounting, invoicing, payables, and time and expenses, ProLaw is the solution for you. Besides, it’ excellent for client management, business intake, calendaring, financial reporting, and more.
Our Favorite ProLaw Features
- Tight integration with Microsoft Office products
- On-premise or cloud-hosted deployment
- Modern yet straightforward user interface
- Built-in tracking tools to help you optimize billable hours
ProLaw Pricing
- Pricing varies from firm to firm
- Starts at a 10-user package
Final Remarks
There’s no denying it; law firms vary in practice areas, size, number of employees, accounting needs, etc. That means you all can’t use the same accounting platforms. Some are more expensive than others, but most offer the same functionality. Besides, others are better suited for specific needs. So if you’re looking for a good fit, we recommend trying one out before settling on any particular product.
But don’t worry if you’re having trouble settling for befitting law firm accounting software; we’re here to help! Acom Networks is a reliable IT services company committed to helping law firms meet their growth goals through progressive technology support and solutions. We’ll conduct a comprehensive legal practice review to determine your practice-specific needs, helping us identify the perfect accounting solution for your firm. We also provide cybersecurity, telecommunications, and cloud services for law firms throughout Middle Georgia and Alabama.
So contact us now, and let us lift the burden of IT challenges off your shoulders as you focus on more value-adding legal practice activities!
