Side by side
LIV Trust Accounting vs Wise Owl Legal
Both stand on trust accounting software. Which one you can start free with, which one lets you read the code, and what each costs once you pay.
Paid MacWebWindows
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 Accounting
Paid AndroidiPhoneMac+2
Wise Owl Legal combines matter management with document automation, accounting integrations, and client access. Check its hardware and Office requirements, and request pricing to assess whether it fits your firm.
Visit Wise Owl LegalThe facts
| LIV Trust Accounting | Wise Owl Legal | |
|---|---|---|
| Free plan | No | Not published |
| Open source | Not published | Not published |
| Runs on | Mac, Web, Windows | Android, iPhone, Mac, Web, Windows |
| Lowest paid plan | LIV member subscription: A$77 a month | Free or on request |
| Plans published | 3 | 1 |
| Maker | Not published | Wise Owl Legal |
| Website | ta.liv.asn.au | wiseowllegal.com.au |
| On trust accounting software | #32 of 41 | #38 of 41 |
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.
Wise Owl Legal: what it does well
- Matters support multiple clients and custom fields.
- Document templates can merge matter data.
- Time, invoicing, and trust accounting are supported.
- Integrates with QuickBooks Online and Xero.
What to know first
- Pricing is available only on request.
- Documents and Outlook Helper require Office 2016 or later.
- Phones and tablets are not recommended for bulk data entry.
- User computers require Windows 11 or later and at least 8 GB RAM.
Alternatives to LIV Trust Accounting Alternatives to Wise Owl Legal The whole list