Includes basic accounting features including accounts payable for tracking money owed, accounts receivable for tracking outstanding invoices, and a general ledger. Features of Legal Accounting Software Feature Fully integrated legal software suites will include accounting features along with other important features like practice management and time and billing. Larger law firms tend to prefer solutions that handle everything. For example, if you have a case management system in place that doesn’t offer accounting functionality and you don’t want to replace the existing system, standalone legal accounting software can integrate with it. Standalone legal accounting software is ideal for small firms or practices that have other software in place that can’t handle the firm’s accounting needs. Accounting software options that are specific to law offices will ensure confidential client information is stored properly and complies with data security laws. Legal accounting software helps law firms track time, bill clients, manage schedules and monitor business performance with financial reports.
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