Canadian Tax ComplianT Legal Accounting
Legal Accounting Built with Canadian Law Firms in Mind
With Actionstep Legal Accounting, get everything you need to stay compliant with Canadian tax regulations; HST/GST/PST, trust reconciliation, and more, all powered by a platform with proud Canadian roots.
Specialized accounting for Canadian law firms
If your practice operates in Canada, you need more than just generalized accounting software. Actionstep Legal Accounting is purpose-built for legal accounting in Canada. Our accounting, billing, and trust accounting features meet provincial and national trust rules, support CRA audits, and handle complex tax requirements like HST/GST.
Whether you’re tracking disbursements, managing trust accounts, or preparing tax remittances, Actionstep Legal Accounting ensures your financials are accurate, compliant, and audit-ready.
CRA compliance made easy
Actionstep Legal Accounting offers robust support for Canadian tax requirements, including full compliance with CRA standards. Whether your firm uses cash, accrual, or hybrid tax methods, the platform accommodates it all with precision. HST and GST are automatically calculated and applied based on matter and client settings—ensuring accuracy across the board.
Need to backdate an entry or correct a past invoice within a closed period? No problem. Reports will reflect historical and corrected data, so you’re always audit-ready. The system also tracks tax payments, credits, and adjustments, keeping your remittance process streamlined and stress-free.
- Supports accrual, cash, and hybrid cash accounting methods
- Generates backdated and corrected HST/GST reports
- Tracks payments, credits, and tax adjustments across multiple sets of books
Best-in-class trust accounting
Trust compliance is non-negotiable for Canadian law firms—and Actionstep Legal Accounting was built with that reality in mind. It includes built-in three-way trust reconciliation and full compliance with provincial law society trust regulations.
With electronic bank reconciliation, every transaction is accounted for, and you’ll never miss a beat when it comes to trust obligations. Easily generate deposit slips, print cheques, and maintain a crystal-clear audit trail of trust activity. This is legal trust accounting, designed specifically for the complexities of Canadian firms.
- Built-in 3-way trust reconciliations
- Compliant with provincial law society requireents
- Electronic bank reconciliation and audit trails
- Deposit slip generation and cheque printing
Accountant-ready reporting
From real-time General Ledger visibility to fully exportable CRA-ready HST/GST/PST reports, Actionstep Legal Accounting ensures that your financial data is always organized and accessible. Each transaction is logged with a detailed audit trail, giving you transparency across all client and firm activity. Reports are easy to customize, include backdated entries where needed, and can be exported in PDF format for sharing or filing.
Whether you’re preparing for a CRA audit or simply reconciling end-of-month numbers, Actionstep Legal Accounting makes reporting painless and professional.
- CRA-ready tax summary reports
- Real-time GL visibility
- Audit trails for every transaction
- PDF-formatted tax and financial reports
Tested and approved legal trust accounting
Actionstep Legal Accounting has leading trust accounting technology that hundreds of law firms across Canada rely on to stay compliant with their provincial law society. Our platform’s powerful trust accounting and reporting meets compliance requirements across all provinces, including those like Alberta, Saskatchewan, British Columbia, and Ontario; which have stringent trust accounting programs.
British Columbia
Actionstep Legal Accounting is fully compliant with Part 3, Division 7 of the LSBC’s Rules for trust accounting, and is the chosen legal accounting platform for hundreds of BC law firms.
Alberta
Since 2020, Actionstep Legal Accounting has proudly been one of the few vendors approved for the Law Society of Alberta’s ETTR program.
Saskatchewan
Actionstep Legal Accounting is in compliance with accounting requirements set out in Part 15 of the Law Society of Saskatchewan Rules, and is on the approved vendor list for trust accounting.
Ontario
Actionstep Legal Accounting is able to supports all Law Society of Ontario Form 9 requirements as well as three-way trust reconciliation, client ledgers, and transaction limits. It is the chosen cloud-based legal accounting platform for law firms throughout Ontario.
Other provinces
Actionstep Legal Accounting meets all other provincial trust requirements outlined their provincial Law Society Rules; including segregated trust accounts, monthly three-way reconciliation, record-keeping and data retention protocols, all annual reporting requirements, and more.
Frequently asked questions
Selecting a legal accounting platform that fits the needs of your law firm takes time and research. Here are some frequently asked questions to help you get started. Want to talk to someone directly to see how Actionstep Legal Accounting could work for you? Book a demo to talk to a member of our team.
See what else Legal Accounting can do
Beyond CRA-compliance, Actionstep Legal Accounting can do so much more to drive efficiency, manage firm profitability, and grow your firm.
