When it comes to trust accounts, “close enough” is NOT good enough. Trust account mistakes lead to ethics violations and disbarment — you need an attorney trust accounting software that has zero tolerance for errors. With built-in legal trust accounting, you’ll find it easy to stay current on the bookkeeping for all your trust accounts — because CosmoLex takes care of it automatically. And electronic safeguards protect you against common mistakes, such as overdrafts and check fraud. Your trust accounts will always be current, compliant, and audit-ready.
Don’t just take our word for it when it comes to maintaining end-to-end trust accounting in CosmoLex! Download the Minnesota State Bar Association’s free 53-page eBook Other People’s Money: Keeping Trust Accounts Using CosmoLex.
CosmoLex eliminates the need for any other software – along with all the tedious syncing, importing, exporting, and duplicate entry busywork lawyers had to deal with in the past. CosmoLex provides a comprehensive menu of trust and IOLTA accounting functions:
Reconciling trust accounts every month is mandatory. It’s the first thing an auditor will want to see. That’s why CosmoLex attorney trust accounting software made sure that running bank reconciliations is easy — and error proof. Just open up the trust bank account in the CosmoLex software, check off the transactions listed in your latest bank statement or import bank statements for auto-clearing. The entire process takes just a few minutes.
Would you survive a trust account audit? This video shows you how.
Every law firm needs a trusted advisor to help ensure that their financials are 100% compliant. We make it easy for you to work with your trusted advisor with our CosmoLex Accounting Partner (CAP) program. If your external accountant or bookkeeper qualifies to become CosmoLex Accounting Partner, he or she can access your account remotely (with your explicit permission), without any cost to you or them. Contact us for details.
For those involved in real estate settlements, you know that new rules & guidelines proposed by CFPB/ALTA are game changers. It is imperative that your practice is in complete compliance with these new escrow accounting regulations. CosmoLex meets all of the new regulations and provides an out-of-the-box solution for settlement funds and escrow accounting — including support for Positive Pay.
“I most enjoy the ease of use that CosmoLex provides. All of the features are very easy to find and use.”
Alicia Vigil / Vigil Legal & Mediation Services / Oklahoma / September 2016
“CosmoLex is a far more robust platform than the other products I trialed. A quality product...at a price point that's affordable”
Robert Traylor / The Law Office of Robert E. Traylor / California / August 2016
“I am beginning my own law practice and I want to start out on the right foot...I like that CosmoLex has client management and accounting all in one.”
Lindsay Sanders / Law Office of Lindsy H. Sanders / California / July 2016