QuickBooks might be a great resource for the average business owner, but the standard accounting software doesn’t meet the unique needs of a law firm. Instead, using QuickBooks to manage law firm accounts can create a multitude of unnecessary costs, complications, and risks.

• No matter ledgers
• No overdraft prevention.
• Complex trust reporting process.
• Lack of evergreen retainer support.
• Too much flexibility.
• Challenges with allocating revenue.
• Fee distribution complications.
• Double entry points.
• No hard costs capabilities.
• Poor retainer management.

Are you still using QuickBooks? Between the obvious financial cost (and the hidden costs of time and inconvenience), it’s time for a change. Upgrade to legal-specific accounting software like CosmoLex for more efficient accounting processes and compliant trust accounts.