MatterX vs CosmoLex

MatterX8.8Visit CosmoLex8.5Visit

Higher score MatterX #1 in Trust Accounting Software 8.8/10 Free plan Free plan✓ 4 of 4 features Visit MatterX

vs

CosmoLex #4 in Trust Accounting Software 8.5/10 10-day trial Free trial✓ 0 of 4 features Visit CosmoLex

• MatterX fits best

  Small firms wanting a free trust platform

• CosmoLex fits best

  Firms wanting accounting plus client intake

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Side by side

Feature	MatterX 8.8/10 Visit ↗	CosmoLex 8.5/10 Visit ↗
At a glance
Editor score	8.8	8.5
Ranking	#1 in Trust Accounting Software	#4 in Trust Accounting Software
Best for	Small firms wanting a free trust platform	Firms wanting accounting plus client intake
Pricing model	Free plan + paid	Paid
Starting price	—	$49/user/mo
Free plan	✓ (best)	—
Free trial	—	10 days
Deployment	Cloud	Cloud, Mobile
Compliance	SOC 2, ISO 27001	SOC 2, 2FA
Integrations	12 integrations	4,000+ integrations
Built for	Solo, Small business, Mid-market, Enterprise	Solo, Small business, Mid-market
Features MatterX 4/4 · CosmoLex 0/4
Three-way reconciliation	✓ (best)	Not checked yet
Bank reconciliation	✓ (best)	Not checked yet
Disbursement approvals	✓ (best)	Not checked yet
Compliance reports	✓ (best)	Not checked yet
Specs
Trust ledger types	Not checked yet	Not checked yet
Matter limit	5 matters	Not checked yet
Our review
Pros	Three-way reconciliation with audit trails and dual authorisation Broad Microsoft 365, SharePoint, Power Platform and Xero integrations Trust reporting covers statutory deposits, controlled money and examiners	Combines business and trust accounting with reconciliation reporting Adds client intake, portals, documents, billing, and matter workflows Supports web, iOS, and Android access with major file and productivity integrations
Cons	The free Good Minutes plan is a desktop time tracker, not full trust accounting Paid Base, Professional and Premium plans are quote-based Advanced capabilities are spread across higher-tier MatterX products	Published pricing uses annual billing for all three plans There is no perpetual free plan Its broad practice-management scope may exceed firms seeking only trust accounting
Our verdict	MatterX is a legal practice management and trust-accounting platform for Australian and New Zealand law firms. It runs on Microsoft Dynamics 365 Business Central and combines trust operations with matter management, billing, financial… Read the review →	CosmoLex is cloud-based legal practice management software for solo attorneys and small to mid-sized law firms. It brings matter-centric case management together with business and trust accounting, reconciliation reporting, legal billing,… Read the review →

Strengths and trade-offs

• MatterX — where it wins

  • Three-way reconciliation with audit trails and dual authorisation
  • Broad Microsoft 365, SharePoint, Power Platform and Xero integrations
  • Trust reporting covers statutory deposits, controlled money and examiners

  Where it doesn't

  • The free Good Minutes plan is a desktop time tracker, not full trust accounting
  • Paid Base, Professional and Premium plans are quote-based
  • Advanced capabilities are spread across higher-tier MatterX products

• CosmoLex — where it wins

  • Combines business and trust accounting with reconciliation reporting
  • Adds client intake, portals, documents, billing, and matter workflows
  • Supports web, iOS, and Android access with major file and productivity integrations

  Where it doesn't

  • Published pricing uses annual billing for all three plans
  • There is no perpetual free plan
  • Its broad practice-management scope may exceed firms seeking only trust accounting

• MatterX8.8/10 · Free plan

  A Microsoft-native legal finance platform with deep trust-accounting controls.

  Visit MatterXFull verdict →
• CosmoLex8.5/10 · 10-day trial

  CosmoLex combines trust accounting, legal billing, intake, and matter management in one platform.

  Visit CosmoLexFull verdict →