LEGAL ACCOUNTING SOFTWARE
Accurate, Seamless Law Firm Accounting
Enhance firm profitability with a full suite of accounting tools tailored to midsize law firms, including general ledger, trust accounting, budgeting, banking, vendor management, and financial reporting. Legal Accounting can be integrated with Practice Management to ensure financial data is always accurate and up-to-date.
Drive law firm profitability
A robust cloud-based suite of accounting, billing, and time tracking features created by a deep understanding of the unique challenges and needs of law firms. In addition to comprehensive core legal accounting capabilities, get access to best-in-class trust accounting, time and billing, expense/disbursement tracking, audit-ready reports, and more.
Run your law firm’s financial processes like clockwork
Ensure financial accuracy and reduce the manual effort of accounting operations with a complete general ledger and interconnected law firm specific accounting features. Manage expense/disbursements, banking transactions, vendor and client statements all while staying compliant with legal regulations and accounting standards.
General Ledger
Keep an organized record of all your law firm’s account balances and financial transactions in one place.
Expense/Disbursements
Easily capture and categorize expenses and disbursements while managing approvals. Establish internal controls and ensure accountability to meet audit and compliance requirements.
Bank Reconciliation
Connect your bank activity to Actionstep accounting to effortlessly identify and add missing charges, track errors and discrepancies, and automatically smart-match entries with bank feeds and deposit slips.
Automatically capture time as you work
Reduce billing administration headaches
Make informed financial decisions
Maintain real-time oversight across the health of your firm’s financials. In addition to profit and loss and core accounting reports, access more than 100 custom reports to assess budget adherence and profitability across practices, teams, and clients. Actionstep lets you explore trends and monitor key metrics to make informed financial decisions and gain deeper insights into your business’s fiscal performance.
Explore Financial ReportingFinancial Budgets
Create budgets directly in Actionstep and compare them to actuals so you have up to date financial forecasts for your firm.
Accounting Reports
Easily access accounting reports within your practice management platform, providing detailed insights into balance sheets, income statements, creditor activity, account entries, and other essential financial data.
Profit & Loss Statements
View a full report of revenue and expenses over a fixed period to assess your law firm’s profitability and net income.
Compliant trust and client funds management
Ensure compliance and risk management
Ensure healthy cashflow and balances
Manage cashflow and reduce collections administration with accurate, real-time debtor reports, automated client reminders, and client-friendly payment tools.
Explore Invoice ManagementClient Statements
Generate client statements showing all outstanding and overdue invoices for payment. Statements can be produced for individual clients or multiple clients on a single invoice.
Automated Collections Reminders
Take the manual effort out of fee reminder communications. Schedule automated email reminders from templates, encouraging clients to pay on time, with less chasing.
Aged Receivables
Review and take action from a full view of outstanding statements. Expedite bulk billing production and send PDF statements to hundreds of clients all at once.
Check/Cheque Management
Streamline check management by creating custom templates for printing on pre-designed check stationery, all seamlessly integrated within Actionstep for convenient and efficient check printing.
Vendor Invoices, Payments, & Credits
Oversee, track, and manage your law firm’s vendor and supplier invoices, payments, and credits directly through the integrated functionality of Actionstep so you don’t miss important due dates.
Reduce the administrative burden of banking
Ensure financial accuracy between Actionstep and your law firm’s bank accounts without the heavy admin work.
Bank Transaction Entries
Gain a more complete picture of what transactions are taking place in your firm such as client receipts, client refunds, firm receipts, firm withdrawals, reversals, supplier payments, and trust transfers.
Electronic Batches
Streamline grouping and processing financial transactions so your staff can handle multiple payments or invoices in one consolidated and organized workflow.
Deposit Slips
Generate deposit slips based on transactions that you have entered into Actionstep in a few simple steps.
Three-way Bank Reconciliation
Simplify the reconciliation process and limit errors by using electronic files from your bank for a more automatic process.
“Actionstep has allowed us to grow, it has allowed us to expand because it adds systems, adds organization & efficiency. It gives me a platform for recurring revenue streams. It let me build a successful business that someone else wanted to buy.”
Amelia Crotwell
JD, Founder & Owner of Elder Law of East Tennessee
Connect your legal accounting processes with the rest of your practice
Transform your law firm’s productivity with Actionstep’s Legal Accounting suite that integrates with our practice management platform.
Document Management
Store and access your documents with ease using Actionstep’s world class legal document management features.
Document ManagementDocument Creation & Automation
Generate ready-to-send documents and emails in seconds with Actionstep’s document assembly and automation features.
Document AutomationMatter & Case Management
Custom data fields and more features let you process matters efficiently, ensuring nothing is missed.
Matter ManagementClient Inquiry & Onboarding
Turn initial inquiries into long-term relationships with great service from the first point of contact. Easily assign clients a unique contact record and see contact histories, billing details, correspondence, matters, and related files in one place.
Client Intake
Who we help
Take control of your firm’s success. Actionstep grows and evolves with your firm, supporting all practice areas and legal expertise.
