Side by side
LIV Trust Accounting vs Plus Minus Legal
Both stand on legal accounting software. Which one you can start free with, which one lets you read the code, and what each costs once you pay.
Choose LIV Trust Accounting if your law practice needs browser-based trust transaction recording, reconciliation and compliance reporting with access for up to 20 users. Consider the subscription and cancellation fee before choosing it, particularly if you may end the service.
Visit LIV Trust AccountingPlus Minus Legal combines trust accounting with matter records, cost tracking and reporting for legal practices. Compare the transaction limits and setup fee with your needs; the maker states there is no minimum contract commitment and customers can cancel at any time.
Visit Plus Minus LegalThe facts
| LIV Trust Accounting | Plus Minus Legal | |
|---|---|---|
| Free plan | No | No |
| Open source | Not published | Not published |
| Runs on | Mac, Web, Windows | Web |
| Lowest paid plan | LIV member subscription: A$77 a month | Limited transactions (monthly): A$45 a month |
| Plans published | 3 | 4 |
| Maker | Not published | Not published |
| Website | ta.liv.asn.au | plusminuslegal.com.au |
| On legal accounting software | #17 of 25 | #22 of 25 |
LIV Trust Accounting: what it does well
- Records receipts, payments and transfers.
- Includes bank reconciliation, client ledgers and compliance reporting.
- Allows up to 20 practice users with two access types.
- No installation is required; access is through a browser.
- Includes daily data backups and automatic free system updates.
What to know first
- No free plan is offered.
- Subscriptions cost 77.00 AUD or A$93.50 a month.
- Cancellation carries a once-off $550 (incl GST) fee.
- Retained data cannot be changed after cancellation.
Plus Minus Legal: what it does well
- Manages general trust money and controlled money.
- Supports matter records with multiple clients and parties.
- Includes reports for regulatory requirements.
- Customer data is stored in Australia using AWS cloud storage.
What to know first
- No free plan is listed.
- Plans include a $150 setup fee.
- Limited-transaction plans cap annual trust transactions at 100.
- Browser use requires an internet connection.
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