LIV Trust Accounting review
A focused web system for Australian legal trust accounting and client ledger control.
Reviewed by iTechGuides Editors · Editorial team · Updated Oct 2026
LIV Trust Accounting is a browser-based system for law practices that need to record and report on trust account activity. Its feature set covers trust transactions, client and matter management, receipts, payments, transfer journals, bank reconciliation, client ledgers, and controlled-money ledgers. The service supports up to 20 users per practice, including read-only access for an external examiner, and is designed for current web browsers on Mac and PC systems. It suits Australian practices seeking a focused online trust accounting system rather than a broad legal practice management suite.
Pricing is structured around practice setup and subscription access. The Practice setup plan includes initial software account setup, login access for up to 20 users, up to two hours of training for two users, and a software manual. The LIV member subscription provides the online trust accounting system with a member discount while LIV membership is maintained. A non-member or interstate association subscription also provides the online trust accounting system. The published starting price is AUD 77 including GST. There is no free plan, so practices should assess the subscription and setup arrangements against their membership status and onboarding needs.
The strongest fit is for firms prioritizing trust accounting controls and reporting. Bank reconciliation, trust account and client ledger reporting, controlled-money reporting, read-only examiner access, data portability, automatic updates, and daily backups address core operational and oversight needs. The system is hosted online and requires no software installation, which supports browser-based access. Its focus is narrower than a platform centered on matter-level billing, so firms seeking a broader billing workflow should compare alternatives. Choose LIV Trust Accounting for dedicated trust accounting; look elsewhere if billing breadth is the primary requirement.
LIV Trust Accounting pros and cons
- Where it wins
- Records trust transactions, receipts, payments, transfers and client matters
- Includes bank reconciliation, controlled-money reporting and examiner access
- Provides automatic updates, daily backups, and data export and import tools
- Where it doesn't
- No free plan is offered
- Access is provided through the web rather than a desktop application
- The described feature set centers on trust accounting, not matter-level billing
LIV Trust Accounting fact sheet, pricing and score →
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