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21 Accounting & Bookkeeping Software Tools Loved by Small Business

bookkeeping software for small law firm

Small firm practitioners may also use tools like virtual receptionists or virtual assistants to help manage administrative work. If you are looking for highly affordable accounting software for law firms with excellent customer reviews, you have come to the right place. Bookkeepers and accountants who work for law firms love this software because of its features.

Consider whether your firm would be best suited for combined practice management / accounting software (or separate software for each), and consider the specific features your law firm needs. As a fully customizable legal accounting software platform, QuickBooks lets you manage retainers based on your state’s specific IOTLA programs rules. ZenCase’s key features include efficient case management tools, intuitive time tracking, and a straightforward billing system.

Comprehensive case management software that meets the needs of your firm—and your clients

Within CARET Legal, you can view all matters through different filters. Moreover, it offers advanced features like customizing matters by practice area and responsible attorney. These are the reasons why CARET Legal is our best pick for matter management. When you own a small business, cutting costs wherever possible can be a necessity, when it comes to keeping your company afloat. Part of that means finding free computer programs to help your business operate at maximum effectiveness.

  • Paro will also provide tools and technologies to facilitate collaboration and communication for its outsourced bookkeeping services, ensuring efficient and effective workflows.
  • Thankfully, Clio’s software is also scalable, growing with you as your needs and your business expand.
  • Actionstep’s standout features include robust workflow automation capabilities, which can be highly customized to fit a law firm’s unique process.
  • If you’re looking for a safe choice that reconciles reliability with exceptional functionality, consider looking into Intuit Quickbooks.
  • And we know what it’s like to face strict regulatory standards, and carry the fiduciary responsibility when managing Trust/IOLTA accounts.
  • IRS Free File Guided Tax Software, available only at, is available to any taxpayer or family with Adjusted Gross Income of $79,000 or less in 2023.

It errs on the more expensive side of the tools on this list, but it has an impressive enough suite of features to back its prices up. If your small business is more mature than most — and you can afford to spend a little extra on your accounting software — take a look at Sage50cloud. The platform integrates with many business applications law firm bookkeeping and provides you with a single dashboard to manage your finances and accounting. Regular secure backups are included, and a mobile app allows you to keep track of your business at all times. It takes just a few clicks for you and your client to get on the same page, start a project and even streamline your billing.

Time Matters

Overall, all providers on this list are worthy choices for law firm accounting, and it’s up to you which software best fits your needs. CosmoLex got high scores in accounting and practice management features. It has all the essential features we’re looking for, like customizing chart of accounts, emailing invoices, customizing reports, and reconciling bank accounts.

  • More expensive tiers include more features, so make sure you know what your business needs before you choose.
  • In addition, we employ a comprehensive editorial process that involves expert writers.
  • FreshBooks accounting software offers a mobile app that allows you to easily connect with your clients and take care of your accounting anywhere — from coffee shop to mountain top.
  • Its harmonious integration with MacOS and efficient management of invoicing, time tracking, and billing left a strong impression on me.
  • In our evaluation, TimeSolv got a very high score in pricing because of its overall affordability and perfect marks in accounting for its integration with Xero.
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Kashoo is a solution that offers powerful functionality at a reasonable price. Among the software’s features are automatic reconciliation, categorization using machine learning technology, and income and expense tracking. It’s made for businesses of all sizes to pay and get paid their way, by ACH, check or credit card.