For your law firm, accounting isn’t just about balancing the books; it’s also about protecting client funds, keeping track of your firm’s financial performance, and complying with state bar requirements. Many law firms bolt on generic third-party accounting software, such as QuickBooks, alongside their legal practice management platform. However, these generic accounting systems weren’t built to handle the unique needs of law firms, nor have the safeguards required for proper trust accounting compliance.
This creates a risk for attorneys. According to the ABA, misappropriation of client funds is the leading cause of disciplinary actions (23%), including disbarment. The data is clear: with the patchwork approach to legal accounting, small mistakes can escalate into major issues for law firms and attorneys.
PantherAccounting Plus presents a better solution. PracticePanther now offers your firm’s trust and operating accounting in the same platform you already use to intake new clients, track time, send invoices, and get paid.
What is PantherAccounting Plus?
PantherAccounting Plus is the all-in-one, legal-specific accounting system built natively inside PracticePanther. That means your entire financial workflow, from initial intake payment to final invoice, as well as trust management and firm accounting, all live on one platform, not bolted on beside it.
From logging a billable hour to closing your books at month’s end, PantherAccounting Plus ensures the accurate flow of all financial data to your firm’s ledger. Billable work, expenses, and trust transactions move seamlessly from case management into your accounting system, while bank feeds keep operating and trust account activity current. This results in a single source of truth with the reports your firm (or accountant) needs to stay compliant and tax-prepared.
Whether you’re a solo attorney doing it all yourself, a firm owner juggling a growing team, or a bookkeeper supporting behind the scenes, PantherAccounting Plus adapts to the way you work and makes legal accounting easier, faster, and far less stressful.
Compliant, Accurate, and Audit-Ready Trust Accounting
Managing client trust funds requires more than precision; it demands constant oversight and airtight reporting that actively helps prevent mistakes before they occur. PantherAccounting Plus provides intuitive trust accounting without compromising on compliance, providing built-in safeguards and a clear, repeatable process for staying in control, including:
- Guided Three-Way Reconciliation Wizard that allows you to complete end-of-month trust reconciliation effortlessly and within minutes
- One-click Reconciliation Report generation that enables quick access to audit-ready data to ensure compliance with the ABA and your state bar regulations
- Pre-set guardrails built into every transaction to help prevent commingling of funds, stop overdrafts before they happen, and block early recognition of unearned revenue
- Automated low balance alerts on client retainers that notify you when trust accounts fall below designated thresholds and proactively generate retainer replenishment invoices, keeping matters funded without manual oversight
Whether you’re managing a single trust account or hundreds, PantherAccounting Plus gives you the speed and structure to stay on top of every transaction.
General Ledger Management & Reporting Made Easy
Gaining a clear view of your firm’s financial health shouldn’t mean cross-referencing several disparate spreadsheets to make sense of it all. However, for many law firms, tracking case and firm profitability still feels like a painfully manual process.
With PantherAccounting Plus, your firm’s general ledger is built right into your practice management workflow. All firm and matter-level financials, from billable work and reimbursable expenses to trust transactions and operating costs, flow directly into your books in real time. That means no more double entry or missed transactions, just faster, more accurate insights into your firm’s true performance, all from one secure, legal-specific platform.
Stay in Control of Your Finances
PantherAccounting Plus provides your firm with the necessary resources to manage day-to-day operating accounting without ever leaving PracticePanther. Track expenses, keep accounts organized, and maintain clean, accurate books through:
- Centralized management of firm expenses, such as office rent, marketing, insurance, and payroll, to maintain a complete view of firm overhead and profitability
- A law firm-specific Chart of Accounts that allows you to fully customize how you classify your firm’s general ledger accounts, including income, expenses, assets, liabilities, and equity accounts
- Matter-level expense tracking links reimbursable costs, such as filing fees and expert services, directly to the correct client, case, and account
- Journal entries capture all financial activity, including manual entries for corrections or adjustments, to maintain organized, audit-ready records
- Print checks and deposit slips directly within PracticePanther, saving you time on routine accounting tasks
Gain Powerful Financial Reporting Insights
With PantherAccounting Plus, your firm can turn its financial data into meaningful insights to help with forecasting and tax planning. Our built-in reporting helps you analyze firm performance, closely monitor cash flow, and make confident financial decisions with up-to-date information.
- Comprehensive suite of pre-built reports, including Profit & Loss, Balance Sheet, Cash Flow Statement, and Trial Balance, for a clear view of your firm’s overall financial health
- Custom Operating Reports, filterable by date range, contact, matter, account, or payee to support year-end tax preparation and long-term financial planning
- Export & share any report with your accountant or other external stakeholders
Current PracticePanther users will find that PantherAccounting Plus delivers more customization and comprehensive advanced reporting for their firm than ever before. From daily operations to long-term planning, it provides complete financial visibility in one secure platform, enabling you to make informed business decisions at every step.
Simplify Legal Accounting Today
PantherAccounting Plus was built with one goal: to provide your firm with a single source of truth for all client, matter, and firm financial information, without changing the way you work.
Whether you’re new to PracticePanther or ready to upgrade your plan, PantherAccounting Plus makes accounting intuitive, efficient, and fully integrated into your day-to-day process.
One system. One login. One seamless workflow.
Book your demo and see how simple legal accounting can be!
