Best Trust Accounting Software

Trust Accounting Software is designed to help businesses and professionals manage trust accounts with accuracy and compliance. Whether you are a lawyer, real estate agent, or financial advisor, this software simplifies the process of managing client funds by automating tasks like tracking deposits, disbursements, and interest accruals. It ensures that all transactions are recorded correctly and in real-time, reducing the risk of errors and ensuring transparency. For businesses seeking to improve financial management, a Trust Accounting System offers essential features like detailed reporting, audit trails, and compliance with industry regulations such as IOLTA (Interest on Lawyer Trust Accounts). This software helps professionals keep track of multiple trust accounts, ensuring that all funds are properly allocated and reconciled. It also streamlines the process of generating invoices and processing payments, improving overall efficiency. Explore our list of the Best Trust Accounting Software to find the right system that suits your business needs and ensures secure and accurate management of trust accounts.

73 Software

Top 10 Trust Accounting Software

BQE CORE

BQE CORE

Contact Vendor

CARET Legal

CARET Legal

$89 Per user

LeanLaw

LeanLaw

$40 Per user

ONESOURCE Trust Tax

ONESOURCE Trust Tax

perfeature

Sage Intacct

Sage Intacct

   (3.3)

Contact Vendor

Smokeball

Smokeball

Contact Vendor

Xero

Xero

   (4.5)

$7.25 Per month

List of Top Trust Accounting Software

Pricing Options

Monthly Subscription

Annual Subscription

One-Time Payment

Quote Based

Features

Billing & Invoicing

Case Management

Asset Accounting

Check Writing

Workflow Management

Accrual Accounting

Invoice Management

Task Management

Bank Reconciliation

Compliance Management

Accounting

Electronic Payments

Data Import/Export

Tax Management

Cross Ledger Posting

Customer Statements

Time & Expense Tracking

General Ledger

Contact Management

Fee Calculation & Posting

Receipt Management

Document Management

Third-Party Integrations

Trust Accounting

Artificial Intelligence

Company Size

Self Employed

Small Business

Medium Business

Enterprise

CaseFox is a comprehensive legal billing software designed specifically for law firms to streamline their billing processes and enhance financial management. This robust platform allows attorneys to track billable hours, manage expenses, and generate detailed invoices effortlessly. CaseFox features customizable invoice templates and supports various billing methods, including flat fees, hourly rat... Read more about CaseFox

Free Trial

NA

Pricing Type

$0 Per month

Location

United States

Sage Intacct

Cloud Accounting and Financial Management Software

   3.3

 (1 Reviews)

Sage Intacct is a tremendous cloud-hosted financial management solution that any startup or big company can use to fulfill its accounting and financial-related requirements. Businesses can easily automate fundamental financial operations utilizing Sage Intacct's excellent automation features. It dramatically reduces the close time and increases the team's productivity by 40% or higher. Sage Intacc... Read more about Sage Intacct

Free Trial

Available

Pricing Type

Contact Vendor

Location

United Kingdom

QuickBooks Online

Designed to help you manage your business finances with ease.

QuickBooks Online is a popular accounting software for businesses. It helps manage finances efficiently. With QuickBooks Online, you can easily track income and expenses. It simplifies invoicing, making it convenient to bill clients. The software offers real-time access to financial data, aiding in informed decision-making. Bank transactions can be automatically imported and categorized, saving ti... Read more about QuickBooks Online

Free Trial

30 Days

Pricing Type

$17.50 Per month

Location

United States

ONESOURCE Trust Tax is a powerful trust accounting software designed to simplify the complexities of tax compliance and reporting for trust entities. This innovative platform streamlines the management of trust assets, income, and distributions, ensuring accurate calculations and adherence to regulatory requirements. With its user-friendly interface, ONESOURCE Trust Tax enables professionals to ef... Read more about ONESOURCE Trust Tax

Free Trial

NA

Pricing Type

Contact Vendor

Location

Canada

MrPractice is a comprehensive law practice management software designed to streamline the daily operations of law firms, enhance productivity, and improve client service. The platform provides an all-in-one solution for managing cases, billing, documents, communications, and deadlines. MrPractice’s user-friendly interface enables law firms to efficiently track client information, manage court da... Read more about MrPractice

Free Trial

Available

Pricing Type

$27 Per user

Location

United States

Curo365 is a comprehensive law practice management software designed to streamline and enhance the operations of legal practices, enabling attorneys and legal teams to manage their cases with efficiency and professionalism. By providing an integrated platform for case management, client communications, billing, and document handling, Curo365 ensures that legal professionals can focus on delivering... Read more about Curo365

Free Trial

NA

Pricing Type

$40 Per user

Location

United States

Clio

Comprehensive case management software that meets the needs of your firm—and your clients

Clio is a leading cloud-based legal practice management software, tailored to meet the diverse needs of law firms. It excels in managing cases, tracking time, billing, and client communication, all within a single platform. With Clio, lawyers gain access to powerful features like document management, which streamlines the organization of legal documents, and calendaring, ensuring important deadlin... Read more about Clio

Free Trial

7 Days

Pricing Type

$39 Per month

Location

Canada

Pacer is a robust trust accounting software specifically designed for law firms and other professional service providers managing client funds. This platform simplifies the complexities of trust accounting, ensuring compliance with legal and regulatory requirements. Pacer enables users to accurately track client deposits, withdrawals, and balances, minimizing the risk of errors and discrepancies. ... Read more about Pacer

Free Trial

NA

Pricing Type

Contact Vendor

Location

United States

LessAccounting is an intuitive accounting software designed to simplify financial management for small businesses and freelancers. This platform offers essential tools for invoicing, expense tracking, and financial reporting, making it easy for users to manage their finances without extensive accounting knowledge. With its user-friendly interface, LessAccounting streamlines the bookkeeping process... Read more about LessAccounting

Free Trial

Available

Pricing Type

Contact Vendor

Location

United States

MYOB Business is an intuitive billing and invoicing software tailored for small to medium-sized enterprises. It simplifies financial management with features such as customizable invoices, automatic payment reminders, and expense tracking. Users can manage their cash flow effectively while generating real-time financial reports that provide insights into business performance. The software supports... Read more about MYOB Business

Free Trial

NA

Pricing Type

$30 Per month

Location

Australia

MyCase

Industry-Leading Legal Case Management Software and Solutions

MyCase is a comprehensive, user-friendly legal practice management software, ideal for small to medium-sized law firms. It streamlines case management by centralizing all case-related information, including documents, contacts, and calendars, in one easily accessible platform. MyCase's standout feature is its integrated client portal, which facilitates secure communication and document sharing wit... Read more about MyCase

Free Trial

Available

Pricing Type

$39 Per month

Location

United States

BQE CORE

All-In-One Accounting and Invoicing Software

BQE CORE Suite is a comprehensive business management solution designed primarily for professional services firms. It integrates a range of functionalities including time and expense tracking, project management, billing, and accounting. The platform's project management tools allow for detailed planning, tracking, and reporting, enabling efficient project execution and management. BQE CORE's time... Read more about BQE CORE

Free Trial

Available

Pricing Type

Contact Vendor

Location

Afghanistan

Rocket Matter

Modern Legal Software for Busy Lawyers

Rocket Matter is a powerful, cloud-based legal practice management and billing software designed to cater to the needs of small to mid-sized law firms. It streamlines various aspects of legal practice with its user-friendly interface and comprehensive features. The software excels in time tracking, ensuring accurate billable hours, and its efficient billing system simplifies invoice creation and p... Read more about Rocket Matter

Free Trial

NA

Pricing Type

$49 Per month

Location

United States

Bill4Time

Affordable, efficient, and easy to use legal practice management

Bill4Time is a specialized time tracking and billing software developed primarily for legal and accounting professionals. It excels in simplifying the billing process with its accurate time tracking and invoicing features. The software offers a user-friendly interface that allows professionals to easily log hours, manage client information, and generate detailed invoices. A standout feature is its... Read more about Bill4Time

Free Trial

14 Days

Pricing Type

$27 Per month

Location

United States

Smokeball

Legal Practice Management Software

Smokeball is a cutting-edge, cloud-based legal practice management software tailor-made for small law firms. Its standout feature is its automatic time and activity tracking, which ensures every billable minute is captured accurately, boosting profitability. Smokeball provides comprehensive case management, centralizing all client information, documents, and emails in one accessible location. The ... Read more about Smokeball

Free Trial

NA

Pricing Type

Contact Vendor

Location

United States

CosmoLex

Complete Legal Practice Management for Modern Law Firms

CosmoLex is a dynamic, all-in-one legal practice management software designed to assist law firms in streamlining their daily operations. It integrates case management, time tracking, billing, and accounting into a single platform, eliminating the need for multiple software solutions. CosmoLex's standout feature is its legal-specific accounting system, which simplifies compliance with trust accoun... Read more about CosmoLex

Free Trial

Available

Pricing Type

$89 Per month

Location

United States

AbacusLaw

Our tools create space for what matters

AbacusLaw is a comprehensive law practice management software designed to streamline operations for legal professionals. With its user-friendly interface, attorneys can manage case files, track time, and bill clients efficiently. The software offers robust features for document management, calendaring, and communication, ensuring that legal teams stay organized and compliant. AbacusLaw also provid... Read more about AbacusLaw

Free Trial

NA

Pricing Type

$69 Per feautre

Location

United States

Unity Accounting is a specialized law practice management software tailored to meet the unique financial needs of law firms. This platform provides tools for billing, accounting, and financial reporting, enabling legal professionals to manage their finances efficiently. With features like trust accounting and expense tracking, Unity Accounting ensures compliance with industry regulations and enhan... Read more about Unity Accounting

Free Trial

Available

Pricing Type

$99 Per user

Location

Canada

Console Cloud is an advanced rental property management software designed to help property managers streamline their operations and enhance tenant experiences. This platform provides tools for managing leases, tracking rent payments, and handling maintenance requests efficiently. With its user-friendly interface, users can easily access tenant information, generate reports, and communicate with re... Read more about Console Cloud

Free Trial

Available

Pricing Type

Contact Vendor

Location

Australia

Actionstep

Best Legal Practice Management Software

Actionstep is a versatile, cloud-based legal practice management software tailored for law firms seeking efficiency and growth. It offers a robust workflow engine, automating and streamlining legal processes to reduce manual work. Key features include comprehensive case management, keeping all client information and documents in one accessible place. Its time tracking and billing system is precise... Read more about Actionstep

Free Trial

NA

Pricing Type

Contact Vendor

Location

United States

CaseFleet is an innovative legal case management software designed to streamline the workflow of legal professionals. This platform provides essential tools for organizing case information, managing documents, and tracking deadlines, allowing attorneys to focus on building strong cases. With its intuitive interface, users can create timelines, visualize case milestones, and collaborate with team m... Read more about CaseFleet

Free Trial

Available

Pricing Type

$40 Per user

Location

United States

PayProp is a comprehensive Rental Property Management Software designed to streamline and optimize the operations of property managers and landlords. It offers a robust platform for managing rental listings, tenant applications, lease agreements, and maintenance requests, ensuring efficient and organized property management. PayProp features intuitive tools for creating and advertising rental prop... Read more about PayProp

Free Trial

NA

Pricing Type

Contact Vendor

Location

United Kingdom

Giddh

Best Accounting Software in India for Businesses

Giddh is a user-friendly accounting software developed for small and medium-sized businesses. It simplifies financial management tasks, offering features such as invoicing, expense tracking, and inventory management. The platform's intuitive interface allows users to create professional invoices easily and keep track of their expenses effortlessly. Giddh stands out with its real-time collaboration... Read more about Giddh

Free Trial

NA

Pricing Type

$70 Per year

Location

British Indian Ocean Territory

Leap

The Complete Platform for Professional Contractors

Leap is a comprehensive software solution designed for home service businesses, streamlining various aspects of operations. Tailored for contractors, remodelers, and service professionals, Leap offers user-friendly features for estimating, proposal generation, and sales management. Its intuitive interface allows users to create detailed and accurate estimates quickly, facilitating efficient client... Read more about Leap

Free Trial

NA

Pricing Type

$79 Per month

Location

United States

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Frequently Asked Questions

Trust Accounting Software is a financial management tool designed to help businesses, especially legal and real estate firms, properly manage client trust funds, ensuring compliance with strict regulatory requirements.

It ensures client funds are accurately tracked, separates client money from operational accounts, simplifies reconciliation, maintains detailed audit trails, and helps businesses stay compliant with trust accounting laws and regulations.

Key features include individual client ledger management, three-way reconciliation, audit-ready reporting, fund disbursement tracking, error prevention tools, integration with billing and case management systems, and regulatory compliance support.

Law firms, real estate agencies, property managers, financial advisors, insurance brokers, and any business responsible for managing client funds or escrow accounts use trust accounting software.

It records deposits, withdrawals, and allocations by client or matter, ensures compliance, and reconciles balances against bank records.

Look for software that offers easy-to-use client ledger management, real-time reconciliation, automatic error detection, compliance reporting tools, integration with legal billing systems, and strong customer support.

Law firms, real estate companies, property management firms, financial service providers, and any organization handling escrow or fiduciary funds benefit from trust accounting solutions.

Trust accounting software typically generates client ledger reports, trust balance summaries, audit-ready compliance reports, fund disbursement logs, and reconciliation statements.

Long-term benefits include reduced risk of compliance violations, improved client trust, streamlined financial management, better audit preparedness, and enhanced operational efficiency.