We built this review from TrustBooks' website and pricing page. Prices are vendor claims checked October 15, 2026. Confirm with TrustBooks before you buy.
Disclosure: TrustBooks hasn't paid for this review, and none of the links in it are paid placements. Nothing here is legal advice.
What does TrustBooks actually do?#
Client money held in trust (often an IOLTA account, the pooled interest-bearing account most states require for small or short-term client funds) carries record-keeping rules that ordinary bookkeeping software wasn't built for. TrustBooks is built for exactly that.
- Client ledgers: a running balance for every client's money.
- Three-way reconciliation: bank statement, trust account book, and the sum of client ledgers must all agree. This is the reconciliation bar auditors ask for.
- One-click compliance reports.
- Firm accounting on Tier Two: your operating books and legal financial reports.
- Bank Reconciliation Services on Tier Three: TrustBooks' team does the monthly reconciliation and fixes problems.
TrustBooks' accounting team also sells one-off help: data entry, onboarding, and cleanup projects.
TrustBooks by the published numbers
$59
Tier One, trust accounting, per month
Source: trustbooks.com/pricing
$79
Tier Two, firm and trust accounting, per month
Source: trustbooks.com/pricing
$249
Tier Three, done-for-you reconciliation, per month
Source: trustbooks.com/pricing
100
Monthly transactions covered by Tier Three, one bank account
Source: trustbooks.com/pricing
Which TrustBooks tier do you need?#
TrustBooks tiers
| Feature | Tier One | Tier Two | Tier Three |
|---|---|---|---|
| Monthly price | $59 | $79 | $249 |
| Trust compliance, client ledgers, reconciliations | Yes | Yes | Yes |
| Operating (firm) accounting, legal financial reports | No | Yes | Yes |
| TrustBooks team reconciles your bank account | No | No | one account, up to 100 transactions |
Lighter rows are the same for every product; the rest are where they differ.
What this means for you: Tier One is for a firm that keeps operating books elsewhere and just needs trust done right. Tier Two replaces a separate bookkeeping tool for most small firms. Tier Three costs $170 a month more than Tier Two, and that difference pays for TrustBooks' team to do the reconciliation for you.
What are TrustBooks' terms?#
TrustBooks' site says you can cancel anytime, and the trial needs no card. We didn't find a public terms of service on its website when we checked, so renewal, refund, and data-export terms are unknown until you ask. Confirm with TrustBooks. Request the subscription agreement before you pay, and ask specifically:
- How cancellation works and whether any prepaid fees are refunded.
- How you export ledgers and reconciliation reports if you leave.
- What Tier Three costs above one account or 100 transactions.
How hard is TrustBooks to set up?#
Low. You enter opening trust balances by client and connect payment imports. The decision that matters is structural: since TrustBooks sits next to your practice management system, decide which one holds the authoritative client trust ledger. Two ledgers that are both "official" is how reconciliations stop reconciling.
What do users say about TrustBooks?#
Users generally praise TrustBooks' accuracy, ease of use, responsive support, and the done-for-you reconciliation service. Common complaints are integration quirks, clunky search, basic reporting, and having to run it beside practice management software rather than fully inside it. Run a real reconciliation in the trial before you commit.
Pros and cons#
Pros
- Built only for legal trust accounting.
- Flat, published monthly prices.
- Done-for-you reconciliation on Tier Three.
- No-card trial.
Cons
- Runs beside your practice management system, so you manage two systems.
- Tier Three limits: one account, 100 transactions.
- No public terms found.
- Operating books need Tier Two.
How does TrustBooks compare with CosmoLex, LeanLaw, and LawPay?#
CosmoLex puts trust accounting inside a full practice management and billing system, which avoids the two-ledger question. LeanLaw is billing built around QuickBooks Online, with trust handled there. LawPay takes the payments that end up in your trust account but isn't an accounting system. TrustBooks is the specialist: the trust ledger and reconciliation, done carefully, with the option to hand off the work.
Who should use TrustBooks?#
FAQ#
How much does TrustBooks cost?#
Tier One $59, Tier Two $79, and Tier Three $249 a month. Tier Three covers one bank account and up to 100 transactions a month (pricing page, checked October 15, 2026).
Does TrustBooks replace my practice management software?#
No. It handles trust and, on Tier Two, operating accounting, and runs alongside your practice management system.
Is there a free trial?#
Yes, 14 days with no credit card required.
Can I cancel TrustBooks?#
Its site says you can cancel anytime. We didn't find public terms, so ask for the subscription agreement to confirm refund and export details.
Is any of this sponsored?#
No. If that changes, the listing will be labeled Sponsored.
Sources (all accessed 2026-10-15)#
- TrustBooks pricing and tiers: https://www.trustbooks.com/pricing
- TrustBooks product overview: https://www.trustbooks.com/
AI Tools For Law is not a law firm and doesn't provide legal advice. Using this site doesn't create an attorney-client relationship.
Alternatives to TrustBooks#
Practice & Case Management
CosmoLex
Cloud practice management with built-in legal accounting: trust accounting on every plan, a full general ledger on Pro.
Best forSolos and small firms that want trust and firm accounting inside their practice management system instead of a separate QuickBooks file.
Billing & Timekeeping
LeanLaw
Legal time, billing and IOLTA trust accounting that runs natively on QuickBooks Online with two-way sync, plus a contingency settlement plan.
Best forFirms already on QuickBooks Online that want legal billing and IOLTA trust accounting.
Billing & Timekeeping
LawPay
Legal payment processing from 8am for cards, eCheck, Apple Pay, and Pay Later, with trust/IOLTA-aware handling and practice-management integrations.
Best forFirms that take retainers into trust and need operating/trust splits handled correctly, including MyCase users.
How we reviewed
Researched from vendor documentation, pricing pages and user sentiment. Prices and details were last checked on . Sources are cited inline next to each claim and listed in the Sources section above.
How we review · Editorial independence and disclosure · Corrections: hello@aitoolsforlaw.ai