Trust Accounting Software

Accurately track your trust accounts, automatically pay invoices, and easily replenish minimum balances

Pay invoices automatically from Trust, replenish if below your designated level

Trust accounting can be complicated and risky, but TimeSolv’s Legal Trust Accounting Software is a cloud-based solution that makes it easy to keep accurate records and automate invoicing.

With TimeSolv, you can keep detailed records of your trust’s financial transactions accurately, pay invoices automatically, and replenish funds when needed. Don’t let trust accounting be a burden on your law firm. Try TimeSolv today and focus on what you do best.

  • Effortlessly pay invoices

    With TimeSolv, you can automate trust transactions to pay invoices from your trust account, eliminating the need for manual processing and ensuring prompt payments.
    Autopay invoices from Trust
  • Never run out unexpectedly

    TimeSolv's software will monitor your funds in trust accounts and automatically replenish them to your designated level, so you can focus on your work without worrying about trust money.
    Replenish Trust Automatically
  • Convenient payment options

    With the integrated TimeSolvPay Client Portal, your clients can quickly and easily add to their trust bank account with online payments.
    Pay Trust account with Credit Card
  • Manage multiple matters easily

    Generate unlimited trust accounts (IOLTA or COLTAF) for each case and conveniently move client funds between them.
    Multiple Accounts
  • Transfer Funds Between Trust Accounts

    If you manage multiple cases for a client, moving client funds between trust accounts is effortless, guaranteeing precise and effective fiscal management.
    Transfer Funds Between Accounts
  • Accurate monthly reconciliations and Detailed Reporting

    If you manage multiple cases for a client, moving client funds between trust and other operating accounts is effortless, guaranteeing precise and effective fiscal management.
    Detailed Reporting
  • Comply with legal requirements

    Designed to follow legal trust accounting requirements, TimeSolv's Trust Accounting Software ensures your firm stays compliant and avoids penalties.
    Western Australia Legal
  • Western Australia Legal

    We comply with the Western Australia Legal Trust Accounting requirements.
    Western Australia Legal

Used by businesses worldwide

The Right Tools for Every Profession

As a professional in your field, you know the importance of having the right tools to get the job done efficiently and accurately. TimeSolv offers a comprehensive set of features that cater to the needs of professionals and businesses to manage projects, track progress in real-time, send invoices and record payments


Easily breaking your business down per user, client, task, frequency, and more, means bringing new clarity to your work.


Accountants who bill by the hour appreciate the task and project planning capabilities TimeSolv offers.


Freelancers need the best expense management and reporting software to thrive. Attach credit card or cash receipts with ease either online or with your mobile device.

PR Firms

Tracking time accurately provides important insights to all PR professionals for budgeting and bidding on new fixed-fee projects.

Mac Firms

TimeSolv was designed for firms that are used to products that work seamlessly from one device to another.

Used by businesses worldwide

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Since 1999 TimeSolv has been committed to providing the best web-based time and billing solutions for lawyers and other professionals.

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TimeSolv Trust Accounting Software Frequently Asked Questions
What Is Trust Accounting Software and How Does It Differ from Regular Accounting Software?
Trust accounting software is a specialized tool designed to manage and automate the handling of separate client funds held in trust accounts. It differs from regular accounting software like QuickBooks Online because it is tailored to meet the specific requirements and compliance standards of trust fund management.

While general accounting software can handle basic financial transactions, trust accounting software ensures that client funds are separate ledgers from general operating funds, it tracks replenishments, automates invoice payments from trust accounts, and generates the necessary reports for compliance purposes. TimeSolv trust accounting software is like legal billing software, and essential for organizations dealing with client funds, such as law firms, trust companies, and property management companies.

What Are the Key Features of TimeSolv Software That Cater Specifically to Trust Fund Management?

TimeSolv offers a range of features tailored to trust fund management:

  • Accurate trust account reports: It enables precise tracking of financial activities with trust account funds held for individual clients.
  • Automated invoice payments: The software can make automatic payments from trust funds to invoices directly from trust accounts, ensuring timely and accurate transactions.
  • Replenishment management: The software monitors trust account balances and triggers replenishment when they fall below designated levels.
  • Convenient payment options: With the integrated TimeSolvPay’s secure Client Portal, your clients can quickly and easily add to their trust account.
  • Manage multiple matters: Generate unlimited trust accounts (IOLTA or COLTAF) for each case.
  • Transfer funds between trust accounts: If you manage multiple cases for a client, moving money between separate trust accounts is effortless, guaranteeing precise and effective fiscal management.
  • Accurate monthly reconciliations: You can perform bank reconciliations accurately and confidently with detailed reconciliation reports of client ledgers against bank statements.
Is Trust Accounting Software Suitable for Legal Firms, Property Management Companies, or Other Industries Dealing with Client Funds?
Absolutely! TimeSolv trust accounting software is invaluable for any industry that handles client funds in trust accounts. This includes legal firms, property management companies, and real estate agencies. Any business or organization responsible for managing client funds ethically and complying with regulations can benefit from our legal trust accounting software. From realtors to legal professionals, TimeSolv is the most trustworthy accounting platform.
Can Trust Accounting Software Handle Compliance and Regulations Related to Trust Fund Management?
Yes, cloud-based software and trust accounting compliance solutions, like TimeSolv, are specifically designed to handle legal compliance and regulatory requirements related to trust fund management. It helps organizations adhere to industry-specific rules and ensures client accounts are managed ethically and transparently. While TimeSolv can integrate with business accounting software like QuickBooks Online, QuickBooks is not tailored to ensure legal compliance with trust accounting like we can. Additionally, we provide robust reporting capabilities to help organizations meet regulatory requirements, including bank reconciliations and audit trails.
How Does Trust Account Software Ensure Accurate and Transparent Handling of Client Balances and Transactions?

TimeSolv’s software ensures accurate and transparent handling of client trust account funds by:

  • Segregating funds: It separates client funds from general funds, preventing commingling.
  • Automating transactions: The software automates invoice payments from trust accounts, reducing the risk of errors.
  • Real-time balances: It provides real-time visibility into trust account balances and notifies users when replenishment is required.
  • Detailed financial reporting: Trust accounts and other custom reports generated by the software are detailed, offering transparency of complex transactions and accountability in managing client funds.
What Security Measures Are in Place to Protect Sensitive Financial Data When Using Trust Accounting Software?

Trust accounting software vendors, including TimeSolv, prioritize data security. Standard security measures include:

  • Encryption: Data is encrypted during transmission and storage to prevent unauthorized access.
  • User permissions: Role-based access control ensures that only authorized individuals can access sensitive financial data.
  • Regular backups: Data is regularly backed up to prevent data loss.
Can Trust Accounting Software Integrate with Other Financial Reports and Practice Management Software Solutions Our Organization Is Using?
Many trust accounting software solutions integrate with other financial and task management tools, like QuickBooks Online and Microsoft 365. TimeSolv, offers seamless integration with popular software applications to streamline your workflow and ensure data consistency across your organization.
What Types of Reports and Analytics Can Be Generated Using Flexible Trust Accounting Software?
TimeSolv, provides a wide range of trust reports and analytics to give you peace of mind, including:

  • Trust account balances: Real-time views of trust account balances.
  • Transaction history: Detailed trust transaction histories for individual clients or accounts for clarity in financial management.
  • Reconciliation of trust accounts: Trust account reporting functionality balances trust accounts with bank account statements.
  • Audit trail features: Logs of all actions and changes within the software for compliance and accountability.
Is TimeSolv Available as a Cloud-Based Solution, and What Are the Advantages of This Deployment Option?

Yes, many trust accounting software options, including TimeSolv, offer cloud-based deployment options. Cloud-based trust accounting software provides advantages such as:

  • Accessibility: Access your trust accounting data from anywhere with an internet connection.
  • Automatic updates: Software updates and maintenance are handled by the provider.
  • Scalability: Easily scale your solution as your organization grows.
  • Data Security: Providers typically invest in robust security measures to protect your data.
How Does Pricing for Trust Accounting Software Typically Work and Are There Different Pricing Models Available Based on Company Size or Features Needed?
Pricing for trust accounting software can vary, but it often depends on factors like the number of users, the complexity of your needs, and the features required. Some providers offer tiered pricing plans to accommodate different company sizes and requirements. Evaluating your specific needs and budget is essential to choosing a plan that suits your organization best. TimeSolv, for instance, offers flexible pricing plans to accommodate various users and features for accounting and legal professionals.