PantherAccounting Plus offers a solution to the intricacies of trust and operating accounting for law firms. PantherAccounting Plus provides our users a centralized platform to manage all aspects of their legal accounting needs within PracticePanther — ensuring compliance and eliminating the need for 3rd-party solutions and integrations that aren’t specifically built for law firms.
Trust accounting can be one of the most critical aspects of running a law firm. Ensuring accurate tracking and management of trust accounts is required in order to stay compliant with IOLTA, ABA, and state bar guidelines and maintain proper accountability of client funds. Trust accounting errors are the number one reason for disbarment. While the concept of trust accounting is seemingly simple — keep money that isn’t yours in a separate account so you don’t accidentally spend it — putting it into practice can be far more complex.
Here’s what PantherAccounting Plus puts at your fingertips:
A 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
Accounting doesn’t have to be scary. PantherAccounting Plus was designed to help your firm keep up with all the money coming in and out, so you can spend less time worrying and more time focusing on your clients.