Bookkeeping for Law Firms

Trust Account Bookkeeping

Keep client trust activity organized with clear records of deposits, withdrawals, and balances. Regular tracking can help your firm spot discrepancies sooner and prepare for routine reviews. Bookkeeping support can also help maintain records that align with your firm's procedures and applicable requirements. Your team stays informed about account activity without having to sort through scattered entries.

Bank Reconciliation

Reconcile business and trust accounts against bank statements to confirm that recorded activity matches account activity. A consistent process can bring duplicate transactions, missing entries, or unexplained differences to your attention. Organized reconciliations give your firm a clearer view of its records and help keep financial information current for internal review and planning.

Monthly Bookkeeping

Maintain your firm's books with recurring transaction categorization and account updates. Monthly bookkeeping helps keep financial records current rather than leaving a backlog for your team to handle later. With consistent entries, you can review business activity more easily and prepare useful information for your tax professional or financial adviser.

Financial Reporting

Receive clear financial reports based on your firm's bookkeeping records. Reports can help you review income, expenses, account balances, and trends in business activity. A regular reporting routine makes it easier to ask informed questions and discuss next steps with your accountant or adviser. Reporting is tailored to the records and information available for your firm.

Accounts Payable Support

Keep vendor invoices and payment records in order with bookkeeping support for accounts payable. Organized documentation helps your team see what has been recorded and follow its established payment process. Consistent tracking also makes expense review and month-end bookkeeping more straightforward. Your firm remains responsible for approving and making payments unless other arrangements are agreed.

Catch-Up Bookkeeping

If bookkeeping has fallen behind, a catch-up review can help organize transactions and update records for the agreed period. The process begins by reviewing available statements and documentation, then categorizing and reconciling activity as appropriate. Once records are updated, ongoing bookkeeping can help your firm maintain a steadier routine and avoid another large backlog.