NSW Law Society Certified Trust Accounting
Enterprise-grade controls on Microsoft Dynamics 365 Business Central. Not consumer bookkeeping software with legal features added.
Trusted by Australian and New Zealand law firms
Aptum Legal
23LEGAL
Sierra Legal
Harmos Horton Lusk
Inspire Legal
BM Resolve LawyersTrust accounting that passes every audit
Trust accounting compliance isn't optional. It's the foundation of legal practice. Yet most legal tech vendors build trust accounting on consumer bookkeeping platforms not designed for the regulatory requirements of Australian law.
MatterX delivers NSW Law Society-certified trust accounting on Microsoft Dynamics 365 Business Central—enterprise ERP infrastructure with the controls, audit trails, and compliance features that survive regulatory scrutiny.
NSW Law Society Requirements — All Met:
Complete trust accounting capabilities
Trust Account Management
- Multiple trust accounts per firm
- Client ledger cards with complete transaction history
- Trust receipt processing and documentation
- Trust payment processing with required approvals
- Trust-to-trust transfers between client matters
- Trust account bank feeds via ACSISS
- AI-assisted trust account reconciliation
Statutory Requirements
- Statutory deposit tracking and calculations
- Controlled money register and management
- Regulated withdrawal compliance
- Trust money investment handling (where permitted)
- External examiner report generation
- Law Society reporting requirements
Reconciliation & Reporting
- Three-way reconciliation (trust ledger, cash book, bank)
- Daily, weekly, monthly reconciliation workflows
- Exception identification and resolution
- Trust account statements for clients
- Matter-by-matter trust position reporting
- External examiner and audit support reports
Controls & Audit Trail
- Complete, unalterable audit trail for all trust transactions
- Dual authorisation for trust payments
- User access controls and permissions
- Transaction dating controls (no backdating)
- Document attachment and retention
- Compliance exception alerts
Trust accounting deserves enterprise controls
Consumer bookkeeping software like MYOB and QuickBooks cannot achieve NSW Law Society certification. They lack the specific protections required: record alteration prevention, statutory deposit handling, controlled money management, three-way reconciliation workflows.
Traditional legal tech vendors build trust accounting on these inadequate foundations, then add features to achieve certification. The result: bolt-on compliance on shaky infrastructure.
MatterX starts with Microsoft Dynamics 365 Business Central—enterprise ERP designed for regulated industries including financial services, healthcare, and government. Then we configure legal-specific trust accounting workflows on this proven foundation.
The difference:
Compliance peace of mind
Law firms using MatterX
"MatterX is a true partner in our business – the platform and their responsiveness and proactive support has been key to driving the financial success of the practice."
"Since adopting MatterX, compliance audits have been significantly smoother. When auditors see it's built inside Microsoft, the questions stop. That level of trust and security is invaluable."
"MatterX's deep knowledge of Microsoft Dynamics 365 revolutionised our client management approach."
