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Trust Accounting Software
Trust Accounting software, or Trust Account software, allows administrators to manage trusts, estates and investment portfolios. Trust Account Management software can be used by bank trust departments, accountants, law firms, non-profit organisations and independent trust companies, and helps to keep administrators in compliance with all applicable laws and regulations.
Trust Accounting software is related to Accounting software, Fund Accounting software, Law Practice Management software, Investment Management software and Legal Billing software. Find the best trust accounting software for your organisation in Australia.
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"Overall the product is incredible with wonderful qualities like stock tracking, financials..."
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Karan
Assistant Team Leader in India
This information was sourced from Xero
Case Management
Tax Management
Bank Reconciliation
Accounting
Compliance Management
Time & Expense Tracking
Customer Statements
Fee Calculation & Posting
Check Writing
Cross Ledger Posting
Document Management
This information was sourced from verified user reviews of Xero
Pros:
Integrates well with adds on to provide more sophisticated reporting. Integration with AI products such as ReceiptBank and Approval Donkey also work well.
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Cons:
1099 reports are too limited. Tracking categories are too limited.
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This information was sourced from Xero
Who Uses Xero?
Xero is an accounting software that caters to small businesses across multiple sectors, such as agriculture, construction, education, healthcare,...
Australia, Canada, Hong Kong SAR China, India, Indonesia, Ireland, Malaysia, New Zealand, Philippines, Singapore
, South Africa, United Kingdom, United States
and 3 others
"Overall I see much more pros than cons. It is absolutely worth the money. I have been able to..."
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Heather
Office Manager in US
This information was sourced from Clio
Case Management
Tax Management
Bank Reconciliation
Accounting
Compliance Management
Time & Expense Tracking
Customer Statements
Fee Calculation & Posting
Check Writing
Cross Ledger Posting
Document Management
This information was sourced from verified user reviews of Clio
Pros:
I love the notifications that offer support and training for new options and/or updates within Clio. I like being able to select certain calendars to see at one time or multiple at once if needed.
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Cons:
There is no restore your organizations work if a rogue employee deletes it or an accidental deletion without nefarious intentions.
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This information was sourced from Clio
Who Uses Clio?
Clio offers different pricing plans and an entire suite of tools covering the client journey from intake to invoice, making Clio suitable for law...
Australia, Belgium, Canada, Hong Kong SAR China, Ireland, Luxembourg, Netherlands, New Zealand, Puerto Rico, South Africa
, United Arab Emirates, United Kingdom, United States
and 3 others
"Has been around for a long time. Tried and tested and is a great product. Starting to price a..."
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Katrina
Senior Accountant in Australia
This information was sourced from MYOB Business
Case Management
Tax Management
Bank Reconciliation
Accounting
Compliance Management
Time & Expense Tracking
Customer Statements
Fee Calculation & Posting
Check Writing
Cross Ledger Posting
Document Management
This information was sourced from verified user reviews of MYOB Business
Pros:
Payroll is ok it has some nice features on pay items but nothing the old essentials could do easily.
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Cons:
No real downsides to the system. As we were using Viberent as a custom software piece there were some glitches with the API integration but this is to be expected.
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This information was sourced from MYOB Business
Who Uses MYOB Business?
The MYOB Business range is designed for businesses from sole traders, to growing operations and even established companies of up to 19 employees in...
"I rave about MyCase anytime a colleague asks my opinion. Admittedly, I do not have experience with..."
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Jennifer
Attorney in US
This information was sourced from MyCase
Case Management
Tax Management
Bank Reconciliation
Accounting
Compliance Management
Time & Expense Tracking
Customer Statements
Fee Calculation & Posting
Check Writing
Cross Ledger Posting
Document Management
This information was sourced from verified user reviews of MyCase
Pros:
The efforts to fully integrate MyCase with other platforms and the continued efforts of the MyCase staff to provide more functions at the request of its users is the thing I enjoy most about MyCase.
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Cons:
The reports could be easier to follow/understand. It seems all the reports would be related, but it gets confusing.
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This information was sourced from MyCase
Who Uses MyCase?
Law firms looking for an easy-to-use practice management software to manage case details, documents, contacts, time tracking, billing, and invoicing...
"Efficient management of legal affairs with simplicity and facilitation of tasks for clients, as..."
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Ulrich
Doctor in Benin
This information was sourced from PracticePanther Legal Software
Case Management
Tax Management
Bank Reconciliation
Accounting
Compliance Management
Time & Expense Tracking
Customer Statements
Fee Calculation & Posting
Check Writing
Cross Ledger Posting
Document Management
This information was sourced from verified user reviews of PracticePanther Legal Software
Pros:
Offers the integration and ease of use needed for a small business, all of the essentials for streamlining tasks so that duplication of efforts is minimized.
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Cons:
Switching from our old software to Panther was very difficult. Panther was not able to migrate over our documents from the old software, but rather we did a data dump to an external searchable file.
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This information was sourced from PracticePanther Legal Software
Who Uses PracticePanther Legal Software?
Tens of thousands of solo practitioners, small, medium, and enterprise-sized firms worldwide who prefer an intuitive, user-friendly platform that...
"The scalability the program provide,and the easy of use makes it one of the best financial..."
Read the full review
Rachid
Sales executive in United Arab Emirates
This information was sourced from Sage Intacct
Case Management
Tax Management
Bank Reconciliation
Accounting
Compliance Management
Time & Expense Tracking
Customer Statements
Fee Calculation & Posting
Check Writing
Cross Ledger Posting
Document Management
This information was sourced from verified user reviews of Sage Intacct
Pros:
Anyone with multiple locations will benefit from this platform. With some experience, the reports are extremely customizable to your exact needs as well.
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Cons:
I wouldn't mind if there was a "lite" or "simple" solution. But I guess I can see where that would undermine the overall software architecture.
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This information was sourced from Sage Intacct
Who Uses Sage Intacct?
For firms with 51-1,000 employees and 10M−1B revenue, our cloud accounting platform empowers CFOs to enhance growth and management.
"Every single person I've dealt with at Abacus, from initial sale to professional services to tech..."
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J. Michael
Trial and Appellate Lawyer - Personal Injury and Wrongful Death in US
This information was sourced from AbacusLaw
Case Management
Tax Management
Bank Reconciliation
Accounting
Compliance Management
Time & Expense Tracking
Customer Statements
Fee Calculation & Posting
Check Writing
Cross Ledger Posting
Document Management
This information was sourced from verified user reviews of AbacusLaw
Pros:
I'm happy with the integration of all the different elements of managing a file. It plays well with other software and that is crucial to operations.
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Cons:
Pop up features that I do not use are annoying and difficult to turn off.
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This information was sourced from AbacusLaw
Who Uses AbacusLaw?
AbacusLaw is flexible and dynamically scalable to support legal professionals from solo practitioners to enterprise law firms from client intake to...
"My firm has used Smokeball for over 5 years. Every employee at the firm uses Smokeball daily, even..."
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Nicole
Paralegal in US
This information was sourced from Smokeball
Case Management
Tax Management
Bank Reconciliation
Accounting
Compliance Management
Time & Expense Tracking
Customer Statements
Fee Calculation & Posting
Check Writing
Cross Ledger Posting
Document Management
This information was sourced from verified user reviews of Smokeball
Pros:
Smokeball functions are so helpful and make my daily tasks much easier and quicker. The outlook integration is one of my favorite aspects as my job mostly involves emailing.
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Cons:
Some of my clients hae problems utilizing their encryption tools called "communicate" because it requires google Chrome, but most figure it out-- I would use it more if it worked more seemlessly.
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This information was sourced from Smokeball
Who Uses Smokeball?
Designed for law firms based in the United States that practice in family law, personal injury, real estate, estate planning, litigation, business...
"LOVE, LOVE, LOVE LEAP. I just wish everyone would use it properly."
Read the full review
Ashley
Partner & Practice Manager in UK
This information was sourced from LEAP
Case Management
Tax Management
Bank Reconciliation
Accounting
Compliance Management
Time & Expense Tracking
Customer Statements
Fee Calculation & Posting
Check Writing
Cross Ledger Posting
Document Management
This information was sourced from verified user reviews of LEAP
Pros:
LEAP is excellent for automating documents so that you don't have to waste time typing in generic information that is in all your documents and letters.
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Cons:
The integration was a pain, but it was on my side with Time Matters and my computer company. That was a me and not you thing.
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This information was sourced from LEAP
Who Uses LEAP?
Law firms, legal professionals, attorneys, and legal service providers.
"BILLABLE HOURS! Keep track of them. TEMPLATES! Based on the kind of law you practice. CONTACTS!..."
Read the full review
Oswaldo
General Manager in US
This information was sourced from Rocket Matter
Case Management
Tax Management
Bank Reconciliation
Accounting
Compliance Management
Time & Expense Tracking
Customer Statements
Fee Calculation & Posting
Check Writing
Cross Ledger Posting
Document Management
This information was sourced from verified user reviews of Rocket Matter
Pros:
It mostly works like I work. Some of the various integrations and case management tools have a pretty steep learning curve, but they are not overwhelming.
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Cons:
I have not seen anything so far that caused discomfort while using RM.
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This information was sourced from Rocket Matter
Who Uses Rocket Matter?
Voted by Forbes as Best for Firms of All Sizes, Rocket Matter’s legal practice management software is the best way for growing law firms to manage...
"We use Tabs for our timekeeping and billing, the Tabs3 Connect is a great feature for attorneys to..."
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Tracy
Accounts Manager in US
This information was sourced from Tabs3
Case Management
Tax Management
Bank Reconciliation
Accounting
Compliance Management
Time & Expense Tracking
Customer Statements
Fee Calculation & Posting
Check Writing
Cross Ledger Posting
Document Management
This information was sourced from verified user reviews of Tabs3
Pros:
Great technical support based in the United States.
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Cons:
I think overall Tabs3 is a difficult to use. In a small firm without an expert administrator to set up the clients, bills and retainer accounts, it is overly taxing to manage this software.
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This information was sourced from Tabs3
Who Uses Tabs3?
Tabs3 Software is ideal for legal professionals working in solo to mid-sized law firms.
"Almost all of our working processes have moved into Actionstep, with some changes and pruning along..."
Read the full review
Felix
Senior Administrator in UK
This information was sourced from Actionstep
Case Management
Tax Management
Bank Reconciliation
Accounting
Compliance Management
Time & Expense Tracking
Customer Statements
Fee Calculation & Posting
Check Writing
Cross Ledger Posting
Document Management
This information was sourced from verified user reviews of Actionstep
Pros:
The user interface seemed to be easy to use on its face, and overall appeared colorful, allowing you to move between options.
Read more
Cons:
So I don't contact tech support unless I've gone through everything in the manual and tried everything I can think of first. When that is met with "look at the manual" it's beyond frustrating.
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"My overall experience with CaseFox has been great, it filled a gap in my practice software needs..."
Read the full review
Tom
Accountant in UK
This information was sourced from CaseFox
Case Management
Tax Management
Bank Reconciliation
Accounting
Compliance Management
Time & Expense Tracking
Customer Statements
Fee Calculation & Posting
Check Writing
Cross Ledger Posting
Document Management
This information was sourced from verified user reviews of CaseFox
Pros:
It seems to do everything we need. Customer Support is top notch.
Read more
Cons:
It lack many features that are available in other products.
Read more
This information was sourced from CaseFox
Who Uses CaseFox?
solos to large size law, enterprise, consulting CPAs, and accounting firms, investigators, psychiatrists, consultancy firms, and other professionals...
Australia, Canada, China, Germany, Hong Kong SAR China, India, Japan, Qatar, Saudi Arabia, Singapore
, Thailand, United Arab Emirates, United Kingdom, United States
and 4 others
This information was sourced from verified user reviews of LeanLaw
Pros:
I like that the service doesn't have too many bells and whistles. All I need it for is time tracking and submitting bills/invoices to Quickbooks.
Read more
Cons:
Collaboration with quickbooks can be difficult to navigate.
Read more
This information was sourced from LeanLaw
Who Uses LeanLaw?
LeanLaw is designed for small to mid-sized law firms. By adopting LeanLaw, you adopt QuickBooks as the source of truth. We provide turn-key solutions...
"Exceptional billing and invoicing system. It is a very useful tool in evaluating the financial..."
Read the full review
Ruslan
Managing Partner in Azerbaijan
This information was sourced from Amberlo
Case Management
Tax Management
Bank Reconciliation
Accounting
Compliance Management
Time & Expense Tracking
Customer Statements
Fee Calculation & Posting
Check Writing
Cross Ledger Posting
Document Management
This information was sourced from verified user reviews of Amberlo
Pros:
Automatic reminders, integrations with other applications, and the ability to generate documents provide time-saving opportunities in performing repetitive tasks.
Read more
Cons:
Sometimes it is difficult to find a way to change the original data.
Read more
This information was sourced from Amberlo
Who Uses Amberlo?
Amberlo case management software is used by law firms of different sizes from more than 20 countries.
Argentina, Australia, Austria, Bahrain, Belgium, Bolivia, Brazil, British Virgin Islands, Canada, Chile
, Colombia, Costa Rica, Croatia, Cuba, Cyprus, Czechia, Denmark, Dominica, Dominican Republic, Ecuador, El Salvador, Estonia, Finland, France, Germany, Greece, Guatemala, Honduras, Hong Kong SAR China, Hungary, Iceland, India, Indonesia, Ireland, Israel, Italy, Jamaica, Jordan, Kuwait, Latvia, Lebanon, Liechtenstein, Lithuania, Luxembourg, Malaysia, Malta, Mexico, Monaco, Myanmar (Burma), Netherlands, New Zealand, Nicaragua, Norway, Oman, Panama, Paraguay, Peru, Philippines, Poland, Portugal, Puerto Rico, Qatar, Romania, Saudi Arabia, Singapore, Slovakia, Slovenia, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Türkiye, US Virgin Islands, Ukraine, United Arab Emirates, United Kingdom, United States, Uruguay, Venezuela, Vietnam, Yemen
and 73 others
"The bookkeeping functionalities make sense to me with ulaw. It saves me a lot of time. This was a..."
Read the full review
Rachel
Lawyer & Owner in Canada
This information was sourced from uLawPractice
Case Management
Tax Management
Bank Reconciliation
Accounting
Compliance Management
Time & Expense Tracking
Customer Statements
Fee Calculation & Posting
Check Writing
Cross Ledger Posting
Document Management
This information was sourced from verified user reviews of uLawPractice
Pros:
The convenience uLaw gives me is something one has to use and experience. Not to forget the weekly webinars they provide that also doubles up as CPD hours.
Read more
Cons:
Sometimes it takes a lot to load the page, and some features are confusing.
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