Soluno
Soluno is a cloud-based legal accounting and business management software designed to help law firms streamline their time tracking, billing, and complex trust accounting compliance in one integrated platform.
TrustBooks
TrustBooks is a specialized accounting software designed for law firms to maintain compliance with state bar requirements through automated three-way reconciliations and simplified trust account management.
Quick Comparison
| Feature | Soluno | TrustBooks |
|---|---|---|
| Website | soluno.legal | trustbooks.com |
| Pricing Model | Subscription | Subscription |
| Starting Price | $79/month | $79/month |
| FREE Trial | ✘ No free trial | ✓ 14 days free trial |
| Free Plan | ✘ No free plan | ✘ No free plan |
| Product Demo | ✓ Request demo here | ✓ Request demo here |
| Deployment | ||
| Integrations | ||
| Target Users | ||
| Target Industries | ||
| Customer Count | 0 | 0 |
| Founded Year | 2014 | 2015 |
| Headquarters | Toronto, Canada | Charlotte, USA |
Overview
Soluno
Soluno is a comprehensive legal accounting and business management solution that helps you run your law firm more efficiently. Instead of juggling multiple disconnected tools, you get a unified environment where time tracking, billing, and complex trust accounting live together. You can manage your entire firm's finances while ensuring you stay compliant with strict legal accounting regulations without the manual headache.
The platform focuses on visibility and ease of use, allowing you to track every billable minute and generate professional invoices with just a few clicks. Whether you are a solo practitioner or part of a mid-sized firm, you can automate your back-office workflows and gain real-time insights into your firm's financial health. It simplifies the transition to the cloud by offering a familiar, intuitive interface that reduces the learning curve for your entire team.
TrustBooks
TrustBooks provides a dedicated solution for managing your law firm's trust accounting without the complexity of general-purpose software. You can handle complex requirements like three-way reconciliations and individual client ledgers with just a few clicks. The platform focuses specifically on keeping you compliant with state bar rules, ensuring your records are always audit-ready and accurate.
You can easily track every dollar entering or leaving your trust accounts while maintaining a clear separation from your operating funds. Whether you are a solo practitioner or part of a growing firm, the software automates the tedious manual entries that often lead to accounting errors. It integrates directly with your existing legal tools to streamline your entire financial workflow.
Overview
Soluno Features
- Integrated Trust Accounting Manage your trust accounts with built-in safeguards that prevent over-disbursing and ensure you stay compliant with industry regulations.
- Time and Expense Tracking Capture every billable second and expense on the go so you never lose revenue from forgotten tasks or unrecorded costs.
- Flexible Invoicing Create custom invoice templates and batch-process your monthly billing to get paid faster while maintaining a professional appearance.
- Conflict of Interest Searching Run comprehensive conflict checks across your entire database instantly to protect your firm and maintain ethical standards.
- Real-time Financial Reporting Access dozens of pre-built reports to monitor your firm's productivity, collections, and overall financial performance at any moment.
- Electronic Payments Accept credit cards and e-checks directly through integrated payment processors to simplify the collection process for your clients.
TrustBooks Features
- Three-Way Reconciliation. Generate automated reports that reconcile your bank balance, book balance, and individual client ledgers instantly.
- State Bar Compliance. Maintain records that automatically adhere to your specific state bar's strict trust accounting and record-keeping rules.
- Individual Client Ledgers. Track every transaction at the client level so you always know exactly how much each person has on deposit.
- Bank Integration. Connect your bank accounts to import transactions directly, reducing manual data entry and preventing human error.
- Online Payments. Accept credit card and eCheck payments from clients directly into your trust or operating accounts.
- Conflict of Interest Checks. Perform quick searches across your entire database to identify potential conflicts before taking on new matters.
Pricing Comparison
Soluno Pricing
- Full accounting and business management
- Time and expense entry
- Trust accounting compliance
- Conflict of interest searches
- Standard report library
- Unlimited document storage
- Everything in Standard for back-office, plus:
- Restricted to accounting functions
- Ideal for external bookkeepers
- Full general ledger access
- Bank reconciliation tools
TrustBooks Pricing
- 1 Trust Account
- Unlimited users
- Three-way reconciliations
- State bar compliance reports
- Bank integration
- Email support
- Everything in Standard, plus:
- Unlimited Trust Accounts
- Operating account management
- Advanced reporting
- Priority support
- Custom chart of accounts
Pros & Cons
Soluno
Pros
- Exceptional trust accounting features ensure total compliance
- Clean and modern interface is easy to navigate
- Highly responsive and knowledgeable customer support team
- Seamless data migration from legacy desktop software
- Robust reporting capabilities provide deep financial insights
Cons
- Mobile app functionality is limited compared to desktop
- Initial setup requires careful configuration for best results
- Learning curve for users moving from basic spreadsheets
TrustBooks
Pros
- Simplifies complex three-way reconciliations significantly
- Excellent customer support tailored to legal needs
- Intuitive interface designed specifically for non-accountants
- Seamless integration with popular practice management tools
Cons
- Limited general business accounting features
- Higher price point than generic accounting tools
- Mobile experience is less robust than desktop