White label bookkeeping for lawyers supports proper record keeping, trust reconciliation, and audit readiness. Firms gain confidence knowing financial controls are maintained consistently. AZL’s process promotes inclusive financial reporting by standardising financial procedures for all staff. This means ensuring both finance teams agree on what constitutes WIP, how to value partner Drawings, and how to treat accruals. Geared toward time tracking and billing, TimeSolv also includes key accounting tools.
Tools and Systems Supporting Our White Label Accounting Services for Law Firms
We offer flexible pricing based on your firm’s size and needs. Every plan includes core features like time tracking, invoicing, payments, trust accounting, and reporting with no hidden fees. You can try TimeSolv free for 10 days to see the results for yourself. Outsourcing converts these fixed costs into a predictable, scalable service fee. Law firms gain access to experienced accounting professionals, often with legal industry specialisation, without the expense of a full-time internal team.
Server-Based vs Cloud-Based Software
Save time and project credibility with every law firm bookkeeping client interaction. Build polished, branded invoices fast; no formatting required. Choose from customizable templates, auto-populate billing data, and send professional-looking invoices in minutes. Track time from anywhere and recover lost billable hours instantly. TimeSolv bills, captures, and accounts every second, so you never leave money on the table. In this episode, Alex Tring, Director of Operations, Resource Management at BigHand joins us to talk about his company’s 2025 Resource Management report.
Timely reporting for compliance and transparency
Over time, accurate bookkeeping solutions build confidence in reports and support better decisions. When selecting the best software for your law firm, you should expect to find key features that address various aspects of law firm management. Look for software, like CosmoLex, that includes integrated document management, trust accounting, time tracking, and secure client portals that allow seamless collaboration. Automation can also help minimize data entry errors and ensure compliance.
Cash flow is a critical profitability driver for law firms, yet many struggle with delayed invoicing, inconsistent follow-up, and poor visibility over work in progress (WIP). One of the most immediate profitability benefits of outsourced accounting is cost efficiency. Maintaining an in-house accounting function involves salaries, superannuation, leave entitlements, training, software licences, and ongoing compliance education. No matter what you practice, Smokeball will transform your firm and business like no other law firm software.
Join lawyers from over 18,000+ firms who trust MyCase to grow their firm while managing their caseload. Xero is a general-purpose accounting platform with legal practice integrations. Plans start at $6.30 for the Lite plan, which allows users to send invoices to five clients, track expenses and other basic accounting work. More robust features are available in higher-tier plans, starting at $11.40 per month for the Plus plan. Accurate contact management means the billing and invoicing systems always have up-to-date information, thereby reducing errors and saving time. Effective contact management tools help your firm create a system for organizing records of key individuals and partners.
Outlook Integration + Comprehensive Email Management
Records are maintained in line with trust rules, making audits and reviews smooth and stress free. Clean trust books reduce the risk of errors, penalties, or compliance issues. Regular trust reports help firms maintain transparency, avoid overdrafts, and meet bar requirements. Clean data ensures quick identification of discrepancies and faster decision-making. You no longer have to go through and do the trust accounting for every single thing … It simplifies the process for our accounting team. Whether you charge hourly or by project, TimeSolv gives you the tools to track time and bill confidently.
Best Practices for Law Firm Bookkeeping
- At Meru Accounting, we use trusted accounting platforms and legal finance tools to deliver consistent white label accounting services for law firms.
- Whether you need cloud-based access, advanced reporting, or simple bookkeeping, QuickBooks has a version that can handle your firm’s accounting needs.
- It also reduces errors caused by different teams using different systems.
- Cloud-based software is best for firms needing remote access or looking to scale without a large up-front investment.
- Outsourcing firms have systems and processes in place, which means tasks are completed faster and more efficiently than if managed internally.
ProLaw is robust practice management, document management and accounting software for law firms. It’s the only legal software platform that includes all three of these main pillars to running a law practice. Modern real estate brokerage software is designed to manage property listings, tenant information, rent collection, and maintenance schedules.