5+ Best Accounting Software for Law Firms and Legal Practices

Image of author Nick Cotter
Newfoundr
accounting software for law firms
March 13, 2023
-
10
min read

As a law firm or legal practice, you may face the challenge of identifying the best accounting software for your business. With so many options available, it can be difficult to discern which one is the most efficient and cost-effective. To simplify your search, this article will evaluate five of the best accounting software for law firms and legal practices on the market today. We will consider features, customer service, pricing, and overall reliability to help you determine which accounting software fits your needs.

Who is the best Accounting Software For Law Firms?

The Best Accounting Software For Law Firms of 2023:

Here’s our shortlist of the best accounting software for law firms I'm ranking through our extensive research and use:

  1. Sage Intacct
  2. Acumatica
  3. FreshBooks
  4. Zoho Books
  5. QuickBooks

Our Review of the Best Accounting Software For Law Firms:

Here is our list of the best accounting software for law firms:

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Sage Intacct

Newfoundrz's Software Review:
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4.2
out of 5

Sage Intacct is a cloud-based accounting software that provides financial management, inventory management, and order management features. It is aimed at businesses of all sizes and includes integrations with various other business tools.

  • Invoicing
  • Financial management
  • Order management
  • Revenue management
  • Project accounting
  • Efficient financial management and reporting for mid-sized businesses
  • Advanced order and revenue management
  • Powerful vendor and project management
  • Higher pricing for advanced features and customization
  • Steep learning curve for some users
  • Limited integration options with other software
Pricing for Sage Intacct starts at Custom and moves up to Custom pricing from there. You should connect with their team to learn more about the capabilities with each plan.
Best Fit For:
small and medium sized business
Free Trial Offered?
YES
NO
Pricing Plan 1:
Custom
Pricing Plan 2:
Custom
  • Expensify
  • Stripe
  • Slack
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Acumatica

Newfoundrz's Software Review:
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4.2
out of 5

Acumatica is a cloud-based accounting software that provides financial management, inventory management, and order management features. It is aimed at businesses of all sizes and includes integrations with various other business tools.

  • Invoicing
  • Financial management
  • Inventory management
  • Order management
  • Project accounting
  • Unified platform for financial, inventory, and order management
  • Robust project and CRM management
  • Flexible and scalable customization
  • Steep learning curve for some users
  • Higher pricing for advanced features and customization
  • Limited customer support options for some plans
Pricing for Acumatica starts at Custom and moves up to Custom pricing from there. You should connect with their team to learn more about the capabilities with each plan.
Best Fit For:
small and medium sized business
Free Trial Offered?
YES
NO
Pricing Plan 1:
Custom
Pricing Plan 2:
Custom
  • Salesforce
  • Dropbox
  • Zapier
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FreshBooks

Newfoundrz's Software Review:
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4.2
out of 5

FreshBooks is an accounting software that includes invoicing, time tracking, and project management features, primarily aimed at freelancers and small businesses. It is cloud-based and offers mobile apps for iOS and Android.

  • Invoicing
  • Invoicing
  • Time tracking
  • Project management
  • Estimates and proposals
  • Time-saving automation of invoicing and payment processing
  • Easy time tracking and project management
  • Simplified tax preparation
  • Higher pricing for advanced features and multi-user support
  • Limited customization options for invoices and reports
  • Limited integration options with other software
Pricing for FreshBooks starts at $17/month and moves up to $55/month pricing from there. You should connect with their team to learn more about the capabilities with each plan.
Best Fit For:
small and medium sized business
Free Trial Offered?
YES
NO
Pricing Plan 1:
$17/month
Pricing Plan 2:
$55/month
  • Shopify
  • Trello
  • Mailchimp
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Zoho Books

Newfoundrz's Software Review:
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4.3
out of 5

Zoho Books is a cloud-based accounting software that provides features such as invoicing, expense tracking, and inventory management. It is aimed at small businesses and includes integrations with various other business tools.

  • Invoicing
  • Invoicing
  • Expense tracking
  • Inventory management
  • Financial reporting
  • User-friendly interface with customizable templates
  • Robust inventory and project management
  • Powerful bank reconciliation and payment processing
  • Limited mobile app capabilities
  • Some users may find the interface too cluttered or confusing
  • Limited customization options for certain features
Pricing for Zoho Books starts at $0/month and moves up to $240/month pricing from there. You should connect with their team to learn more about the capabilities with each plan.
Best Fit For:
small and medium sized business
Free Trial Offered?
YES
NO
Pricing Plan 1:
$0/month
Pricing Plan 2:
$240/month
  • Shopify
  • Salesforce
  • HubSpot
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QuickBooks

Newfoundrz's Software Review:
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4.4
out of 5

QuickBooks is a comprehensive accounting software for small to medium-sized businesses. It includes features such as invoicing, expense tracking, and financial reporting. QuickBooks is available as desktop software or a cloud-based service.

  • Invoicing
  • Invoicing
  • Expense tracking
  • Financial reporting
  • Payroll
  • Efficient invoicing and payment processing
  • Comprehensive financial reporting
  • Robust payroll management
  • Steep learning curve for some users
  • Limited customization options for invoices and reports
  • Limited customer support options for some plans
Pricing for QuickBooks starts at $30/month and moves up to $200/month pricing from there. You should connect with their team to learn more about the capabilities with each plan.
Best Fit For:
small and medium sized business
Free Trial Offered?
YES
NO
Pricing Plan 1:
$30/month
Pricing Plan 2:
$200/month
  • PayPal
  • Microsoft Excel
  • Gmail
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QuickBooks
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Software Rankings:
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Important Features to Look For in Accounting Software For Law Firms:

Accounting Software For Law Firms Pricing Comparison Table:

Platform Free Trial? Pricing #1 Pricing #2
Sage Intacct true Custom Custom
Acumatica true Custom Custom
FreshBooks true $17/month $55/month
Zoho Books true $0/month $240/month
QuickBooks true $30/month $200/month

Accounting Software For Law Firms Rating Comparison Table:

Software Customer Support Performance Value Total Product Rating
Sage Intacct 4 4.5 4 4.2
Acumatica 4.3 4.3 4 4.2
FreshBooks 4.5 4 4 4.2
Zoho Books 4 4.5 4.5 4.3
QuickBooks 4.7 4 4.5 4.4

Should law firms and legal practices consider using accounting software?

Can law firms and legal practices benefit from using QuickBooks?

What are the top advantages of using accounting software for law firms?

What is the cost of accounting software designed for law firms, and what features does it offer for managing billable hours, trust accounts, or generating invoices?

Factors we use to Rank Accounting Software For Law Firms:

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