Service · Accounting
Specialized accounting services designed for law firms, ensuring compliance and financial clarity.
Trust + Books Snapshot
ReconciledTrust Coverage
3.8x
Open AR
$148.7K
Invoice Match
97%
Reconciliation
Daily
| Matter | Trust Balance | WIP | A/R Days | Status |
|---|---|---|---|---|
Harrison LLP v. R. M-2024-041 | $42,800 | $11,200 | 18d | Balanced |
Patel Estate Plan M-2024-118 | $18,500 | $6,430 | 9d | Clear |
Summit Employment M-2025-006 | $26,900 | $14,210 | 24d | Watch |
Nexus M&A M-2024-232 | $61,200 | $19,830 | 12d | Clear |
Monthly Close
2 business days
Trust Exceptions
0
Advanced Costs
$64.2K
AR Risk
Low
Our accounting services are tailored specifically for legal practices, with expertise in trust accounting and compliance requirements.
100%
Compliance
With IOLTA regulations
30%
Time Saved
On administrative tasks
45%
Improved Cash Flow
Through better cash flow management
Our specialized accounting services help law firms maintain financial compliance and optimize operations.
Ensure compliance with IOLTA rules through comprehensive trust account reconciliations.
Implement an industry-specific chart of accounts tailored for legal practices.
Reconcile operating and trust accounts regularly to ensure accuracy and audit readiness.
Develop comprehensive budgets to manage firm finances, profitability, and growth.
Generate detailed financial reports for informed decision-making across partners and operations leadership.
Handle employee compensation, benefits, and tax compliance with a reliable monthly cadence.
From initial cleanup to ongoing maintenance, we provide comprehensive accounting services for law firms.
Step 01
Organize and correct your financial records before monthly operations begin.
Playbook Move 01
Review existing QBO data and align the chart of accounts to legal standards.
Playbook Move 02
Reconcile operating and trust accounts from the last reconciled date.
Playbook Move 03
Categorize transactions and separate client-related expenses correctly.
Step 02
Maintain accurate books and reliable reporting with repeatable monthly controls.
Playbook Move 01
Sync Clio and LawPay with QBO to automate core income and expense flows.
Playbook Move 02
Record and categorize all transactions, separating client costs properly.
Playbook Move 03
Reconcile operating and trust bank accounts every month.
Step 03
Handle client trust funds with strict controls and transparent reporting.
Playbook Move 01
Account for client funds held temporarily in IOLTA trust accounts.
Playbook Move 02
Track advanced client costs paid from trust on behalf of clients.
Playbook Move 03
Track reimbursable client costs paid from operating accounts.
Proper handling of client funds is critical for legal compliance and ethical practice.
Follow these guidelines to maintain financial compliance and operational efficiency.
Track expenses separately with dedicated QBO accounts for reimbursable and advanced client costs.
Reconcile reimbursements and trust transactions monthly to maintain clean books.
Provide clients with detailed invoices and trust statements for full transparency.
Maintain records of client files, bank statements, and tax documents for compliance.
Use internal controls such as dual-approval disbursements to reduce error and fraud risk.
Conduct quarterly reviews of trust compliance and firm financial statements.