LeanLaw’s cloud-based, native QuickBooks Online integrated trust accounting software helps your law firm:
A true, cloud-based solution — continually updating with three way reconciliation.
Retainers in LeanLaw are easy to track. LeanLaw’s trust accounting solution increases the law firm profitability through easy to use automation.
Assign trust and bank accounts for each client trust to track incoming and outgoing funds.
LeanLaw helps keep client funds separate from your law firm’s operating funds.
Create client ledgers and maintain appropriate bookkeeping of account balances with LeanLaw’s automated trust reports.
Bank accounts, trust accounts and QuickBooks Online are in continuous sync and in-line with state bar standards, so you are well positioned for your weekly or monthly three-way reconciliation. That’s less time spent on your law firm’s end.
Eliminate errors in trust fund accounting by removing the need for duplicate data entry or reviewing bank statements. LeanLaw is always in sync with QuickBooks Online and bank accounts, automatically.
Visualize and quantify all income, invoice payments, transactions connected to a client and IOLTA transactions.
What sets LeanLaw’s trust accounting engine apart
Explore all the other features the LeanLaw financial operating system offers to streamline your legal operations and reduce the workload on your team of legal professionals:
Discover how LeanLaw’s accounting tools automate the trust accounting process in a few simple clicks and get started with your legal practice.
Feel free to contact us along your LeanLaw journey. But here are some FAQ to get you started.
LeanLaw trust accounting software has a three way reconciliation — Bank accounts, trust accounts and QuickBooks Online are in continuous sync and in-line with state bar association standards. You are well positioned for your weekly or monthly three-way reconciliation.
Even better: IOLTA accounting is built into the invoicing workflow: You can make legal trust deposits and pay invoices using from trust liability account using LeanLaw. What used to be a daunting 12-step trust accounting process in QuickBooks Online is now just a few clicks.
IOLTA is an acronym for Interest on Lawyer Trust Accounts.
First started in 1981, an IOLTA account is an account that is set up by a law firm to hold those client funds that are not large enough – or won’t be held for long enough – to justify having their own separate trust account.
LeanLaw’s Trust Accounting allows you to create and manage trust funds, track client funds, generate reports, and reconcile accounts. The feature integrates with your billing and accounting systems to provide a complete view of your trust funds and transactions.
You can generate reports on trust fund balances, transactions, and reconcile accounts. Reports can be customized based on date range, client, and other parameters.
Yes, LeanLaw’s Trust Accounting is designed to meet the ethical and legal requirements for trust fund management, ensuring that your firm’s trust accounts are always in compliance. Please be aware that each state has different requirements for IOLTA accounts.
Yes, you can manage multiple trust accounts and maintain records for each account in LeanLaw’s Trust Accounting feature.
Yes, LeanLaw’s Trust Accounting integrates with your existing billing and accounting systems, providing a comprehensive view of your trust funds and transactions.
See invoices paid 70% faster with LeanLaw’s streamlined accounting workflows. Boost collections and increase your cash flow. LeanLaw is the alternative to law practice management software.
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