QuickBooks is a popular accounting platform that many solo lawyers and small to medium-sized law firms use. It integrates with a wide range of Law Practice Management Software providers, and has a host of helpful add-ons to its core system. Although you can get it as a desktop or an online version, the cloud-based platform is gaining in popularity and is likely the most useful for the modern law firm.
Starting Cost: $8/month
For Accounting & Bookkeeping, the following are essential features, and you should therefore expect to see a check in every box in this section.
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A plan for just about everyone. QuickBooks provides a wide range of accounting features that work for solo lawyers or medium-sized firms, alike. In order to do this, Intuit offers multiple pricing plans. Not all plans include the above features.
Client information security is a real concern for lawyers. QuickBooks, therefore, uses SSL (secure-socket layer) to ensure your data is encrypted in transit. Credit card and social security numbers are converted to tokens or encrypted. QuickBooks secures its data centers with 24/7 personnel and video surveillance and has backup generators to keep data available during power outages.
Although Quickbooks, in general, is not specifically built with lawyers in mind, they recently released their Advanced product. This customized product addresses many of the small to medium-sized law firm’s pain points. For example, Advanced has complex billing terms, billable hours, and time-keeping abilities. Additionally, it has strong Key Performance Indicator (KPI) reporting—which is something we think every law firm needs.
Quickbooks has also made its product more enticing to lawyers by integrating with products like Clio, LeanLaw, TSheets, and many popular CRM applications. These integrations can save you time and make your office more efficient.