Buyers’ Guide: Best Legal Accounting Software 2022

You’re done procrastinating about buying new accounting software for your law firm. It’s time to do this. It’s easy to see why you waited: You don’t buy new accounting software often. And most likely, you’ll be buying cloud accounting software. That’s a new idea if you haven’t upgraded in a few years. It’s disruptive – no matter how efficient this software will make your workflow, you have to learn a new process and get into the habit of using it.
And the other lawyers in your law firm need to buy in. And once you get it, you’re not going to replace it for a long time, unless it turns out to be a total catastrophe. Which is a long way of saying: you had better do your due diligence before buying new software.
Your accounting software will be streamlined, automated and delight you in its efficiencies only if you use timekeeping and billing software that deeply integrates into it. You don’t want to separate the accounting functions from your accounts receivable and trust management or you will be dealing with manual workarounds – the redundancy of retyping your time tracking and invoices into your accounting software. This defeats the whole idea of streamlining the process. In short, this means that you’re going to be looking at cloud accounting software. Keep this in mind.
Following are 5 issues to consider:
First, you need to understand who will be using the software. Is this just for your accountant? Will the lawyers touch the accounting software or just your legal timekeeping and billing tool? Do assistants need access? This should be clear at the outset so that you know:
If you have an accounting department, you have people who can do manual work – this is an on premise solution. If you make the decision to buy software that needs to be used on-premise, your people will not be able to work remotely with this kind of software.
If you use cloud accounting software, you will have more flexibility for employees and the time of day (or night) that they want to work.
First, you need to make sure that your bank account can sync with the software. Then, how easily is it for you to assimilate data after the sync? Do you have to manually input data? For many people — you included — that should be a deal killer.
Your software needs to have features that will make your accounting simpler and more transparent.
Know what reports you need, have a list and make sure you “kick the tires” before you commit. Once you sign up for a demo and free trial (ask for it if they don’t offer), don’t wait to use it. Dive in. You’ll know in the first week if this is the right software for you by just using it. Having accurate data will improve the operations of your law firm.
You want to make sure it will work with the other applications you are using today. Really, your accounting tool should be the center and your other tools should work with it. We see a lot of manual work where folks are having to accommodate the lack of connection between applications – usually with how timekeeping and billing ties into accounting. Why invest in a tool that causes manual work? New cloud accounting software today should provide for total automation once the raw data is entered.
Toward the goal of creating the most efficient law firm accounting workflow, LeanLaw has chosen QuickBooks Online as the platform on which to build the LeanLaw software integration because it most fully optimizes all of the considerations that we presented.
If you’re in the market for new software, check us out. We answer the phone or you can email us here. Since our software has been developed for a deep integration with QuickBooks Online, you can count on total automation, efficiency and transparency for your law practice accounting needs.