11 Best Attorney Accounting Software (2024)

Attorneys have to stay on top of their accounting and bookkeeping, and the best software can make that process much more manageable. This article will look at some of the best options for accounting software for attorneys. We’ve chosen these because they’re easy to use, offer advanced features, are affordable, and provide good value for money.

The best accounting software for lawyers is a great way to manage your business and keep track of all the details that make up your practice.

Upfront Conclusion

The best attorney accounting software right now is Bonsai and FreshBooks.

Top 11 Best Accounting Software For Attorneys

Bonsai – Best for Growing your Attorney Business
Freshbooks – Best account management tool
QuickBooks Online– Best finance organizing tool
Xero – Best finance managing tool
TrustBooks – Best accounting app
Clio – Best management software
Sage – Best project management tool
Wave – Best accounting tool
Kashoo – Best accounting software for a start-up
One-up – Best customer relationship management software
FreeAgent – Best invoicing management tool

1. Bonsai – Best for Growing your Attorney Business

Pricing: $17 – $52 per month, depending on the plan you select

Bonsai started in 2016 as a platform for agencies and freelancers and has been doing well since. Business owners can use this platform to do taxes, invoice, track clients, etc. As an attorney you can manage many of your business operation through this platform.

The primary aim of this platform is to bridge the gap between talent and companies. So, you will easily find solutions to help you lend clients as an attorney. In the long run, it will help you offer your services globally.

The platform has been designed for all types of attorneys, and other professionals as well. You can think of it as a comprehensive solution to your law-related needs. It will help you manage your business cash flow money, too, so you can focus on providing excellent services to your clients.

You will not need an accountant if you use this platform. You will be saving costs as you focus on being an excellent attorney.

Key Features

Automatic invoices and proposals
Task management for projects
Take ACH or credit card payments
Create custom client forms
Client portal to keep projects organized
Get help doing taxes

Reasons To Buy

It has all the features attorneys need in one place
The interface is simple to use, as you don’t need a complicated setup
There are simple payment options
It will help you provide a branded experience to your clients through customization features
You can easily create contracts for all the major projects
All relevant information regarding your work will be in one location

Reasons To Avoid

The platform is only available in English

Visit Bonsai

2. Freshbooks – Best account management tool

PRICING: $19-$599 per month based on plan and budget.

FreshBooks is an online accounting platform that helps attorneys manage their finances. It works by connecting directly to your bank accounts, making it easy to track your expenses; you can view your balance at any given moment and make payments through your bank card.

KEY FEATURES OF FRESHBOOK

Track time and billable hours
Create professional-looking invoices
Send reminders to clients
Manage multiple projects
Set up recurring billing
View all your receipts
See what’s coming next
Get paid faster
Easily transfer funds between accounts
Access your bank account 24/7

REASONS TO BUY FRESHBOOK

Free
Simple interface
Great customer service
Fast
Reliable

REASONS TO AVOID FRESHBOOK

Limited functionality
No free trial
Limited user capacity
Poor customer reviews

3. QuickBooks Online- Best finance organizing tool

Visit Freshbooks

PRICING: The basic version of QBO costs $9 per month.

QuickBooks Online (QBO) is one of the most popular accounting solutions among small businesses, including law firms. It offers many of the same functions as desktop-based versions of QuickBooks but is cloud-based, so you don’t need to install anything on your computer. You can access QBO from any device that has internet access, such as a smartphone or tablet.

KEY FEATURES OF QUICKBOOKS

Invoicing
Estimates
Reports
Time tracking
Multi-user capability
Mobile apps access

REASONS TO BUY QUICKBOOKS

Easy setup
No installation required
Cloud-based
Support

REASONS TO AVOID QUICKBOOKS

Not all features
Limited user capacity
Slow performance
Lack of security

4. Xero – Best finance managing tool

PRICING: A monthly plan starts at $39 per month, while annual plans start at $399.

Xero is another popular accounting solution for lawyers, founded in 2006 in New Zealand. It’s also cloud-based and allows you to sync your financial data between devices. Unlike Quickbooks, however, Xero requires you to purchase a license before using it. As part of its subscription model, its useful features include; payroll management, bookkeeping, inventory control, and more. Xero works best when used alongside other programs like Excel and Word.

KEY FEATURES OF XERO

Accounting Software
Billing
Reporting
Security

REASONS TO BUY XERO

User friendly
30 days of a free trial
Online support
Customizable
Pricing

REASONS TO AVOID XERO

Limited functionality
Limited user capacity

5. TrustBooks – Best accounting app

PRICING: starts at $49 per month.

TrustBooks is a simple accounting app designed specifically for small businesses. It includes everything you need to run a successful business, from invoicing to tracking cash flow. Unlike most online accounting solutions, TrustBooks is not cloud-based. Instead, it runs locally on your computer. This means that you don’t need to worry about losing all your data in case of a crash.

KEY FEATURES OF TRUSTBOOKS

Simple design
Local installation
File storage
Backup
Mobile compatibility

REASONS TO BUY TRUSTBOOKS

Easy to use
Cloud storage
Support
Security

REASONS TO AVOID TRUSTBOOKS

Limited functionality
No free trial
Limited user capacity
Clio – Best management software

6. Clio – Best management software

PRICING: $39-$129 per month, depending on the plan.

Clio is one of the best management software choices for law enforcement agencies. It is highly recommended by more than 50 law firms in the United States.

KEY FEATURES OF CLIO

Document Storage
Firm Dashboard
Financial and Activities Reporting
Trust Account Management
24/7 Online Help Center

REASONS TO BUY CLIO

Time and Expense Tracking
Flexible Payment Plans
Automated Bill Reminders
Cancellation policy
Free trial

REASONS TO AVOID CLIO

Poor reporting capability
Sage – Best project management tool

7. Sage – Best project management tool

PRICING: $10 per month, $111 per year, for one user. $20 per month, $222 per year for two users.

Sage is a cloud-based accounting software package designed specifically for small businesses. It allows you to keep track of sales, inventory, payroll, etc. You can also generate reports and automate processes.

KEY FEATURES OF SAGE

Sales tracking
Inventory management
Payroll processing
Billing
Reporting
Business intelligence
Multi-currency support

REASONS TO BUY SAGE

Intuitive interface
Many helpful features
Free trial

REASONS TO AVOID SAGE

• Limited functionality

8. Wave – Best accounting tool

Wave – Best accounting tool

PRICING: The first plan is $20 per month plus $6 per employee or contractor. The second plan is $ 35 per month plus $ 6 per employee or contractor.

Wave is an ideal software system service for small businesses that sends simple assurances that no inventory tracking or payroll is required. It was founded in 2010 and is based in Toronto. The company has over 250 employees and was purchased by H&R Block in 2019. This book software includes introductory calculation notes of the most important things necessary, such as BI Income and Expenditure Tracks, Financial Report, Billing, and Receipts.

KEY FEATURES OF WAVE

Account Reconciliation
Activity Tracking
Invoice Processing
Document Imaging
Currency Conversion
Data Synchronization
Offline Access
Automated Scheduling
Automatic Backup

REASONS TO BUY WAVE

Ease-of-use
Free
Value for money
Customer support
Functionality

REASONS TO AVOID WAVE

No time tracking
No budgeting
Reporting is quite simple and basic

9. Kashoo – Best accounting software for a start-up

PRICING: $9.95 per month

Kashoo is easy-to-use accounting software for small business owners and independent entrepreneurs, such as lawyers. It has an iOS app that can be accessed through mobile phones.

KEY FEATURES OF KASHOO

Activity tracking
Invoicing
Manage unlimited projects
Multiple users
Multiple payment management

REASONS TO BUY KASHOO

Easy to use
Get paid faster
Customizable invoice

REASONS TO AVOID KASHOO

Poor manual adjustment tools
No budget feature

10. One-up – Best customer relationship management software

PRICING: starts at $9 per month

One-up is one of the best accounting software, and it is well known for its customer relationship management feature.

KEY FEATURES OF ONE-UP

Sync up feature
Customer relation management
Invoicing
Inventory management
Activity Tracking

REASONS TO BUY ONE-UP

App version
Activity tracking

REASONS TO AVOID ONE-UP

No free trial
Other plans are pretty expensive

11. FreeAgent – Best invoicing management tool

PRICING: starts at $10 per month

FreeAgent has set small businesses and independent entrepreneurs as its target audience, like other accounting software. It has an outstanding invoicing feature that helps track expenses.

KEY FEATURES OF FREEAGENT

Activity Tracking
Invoicing
Reporting

REASONS TO BUY FREEAGENT

Free trial
App version

REASONS TO AVOID FREEAGENT

No multiple tasking
Limited to small businesses

FAQs

How do I take care of a software?

The answer will be different for every software, but you can still follow some basic steps that will be useful. Firstly, you will have to check the software’s website to see if they have any frequent updates. These updates help keep your software reliable and up to date with the current services available in the market. You should also save your data online so that you don’t lose any crucial data if anything happens to your computer or someone steals it.

Why should I consider the Best Accounting Software for Attorney?

Here are the Top 6 reasons why the Best accounting software for an attorney should be your first choice:

It can offer up-to-date information about your business and make everything more efficient with its programs that can be used in various industries.

Your accountants will have no problems performing any task, whether filing taxes or reconciling discrepancies, because it has valuable programs that can help them improve their work performance.

There is a money-back guarantee, so you will never be at risk of losing your investment. It has flexible programs that suit any business and help you save time by automating most tasks.

What are the two factors that must be considered when deciding on an accounting system?

Two significant factors must be considered when deciding on an accounting system for your business. These factors are the software’s functionality and customer support. A business needs to have a clear vision regarding the functions required from its accounting system. Similarly, the support you receive from your chosen vendor should be able to meet all the needs of your business.

What are the key factors to consider for a successful accounting system?

Small businesses should have appropriately trained staff to make the most of specialist software. Many small businesses depend on their accounting system to run efficiently and increase profits.

A sound accounting system provides valuable information and saves constructively time in different business areas. The software allows you to keep track of everything from sales, inventory, payroll, assets, and liabilities. You can also generate reports and automate processes.

Resources

https://www.sage.com/en-ng/sage-business-cloud/accounting/pricing/
https://kinsta.com/blog/freshbooks-vs-quickbooks/#freshbooks-pricing-plans
https://www.softwareadvice.com/accounting/wave-profile/
https://www.investopedia.com/best-accounting-software-for-small-business-5069679
10 Best Accounting Software for Small Business in 2022 | Accounts Apps (productivityland.com)