Bookkeeping Tailored to Your Law Practice
Law firms have special bookkeeping needs, particularly when it comes to IOLTA accounts. The American Bar Association and individual State Bar Associations set rules governing how law firms handle money belonging to their clients, including retainers, settlements and pre-paid expenses.
Law firms need a bookkeeper who understands bar trust accounting rules and who will manage all monthly bookkeeping tasks, maintain the three-way reconciliation of IOLTA accounts, generate regular reports, and communicate with the firm’s CPA to support the annual tax filing process.
Ensure books are current, monthly close is consistent and financial reporting is accurate and informative.
If you wish to outsource other processes, Balanced Law Books can help with the following:
Invoicing — Enhance payment collection with invoices sent in a timely manner, payment reminders, and invoice aging reports.
Accounts Payable — Manage cash flow and strengthen vendor relationships.
Payroll — Assume time-consuming payroll functions.
Monthly Law-Firm Bookkeeping
Trust Accounting and IOLTA Three-Way Reconciliation
Ensure the trust bank account, QuickBooks accounting records, and individual client or matter ledgers agree, and know exactly what needs attention when they don't.
Historical Bookkeeping and Trust Account Cleanup
Correct unreliable or incomplete records and establish a solid IOLTA workflow as a basis for clean and compliant books going forward.
QuickBooks Online Setup and Integration
Build an accounting system that reflects how your firm receives, moves, records, and reports financial activity across its systems.
Clio or MyCase Setup
Practice management system set-up tailored to your practice areas and workflows.
Operations Consulting
Streamline operations by improving the processes and workflows within your practice management system.
Let’s talk about your books
Please submit the form to facilitate a review of your bookkeeping requirements and to determine the optimal solutions for your firm.
Balanced Law Books serves law practices in the greater Bay Area, and virtually anywhere in the US. Serving clients in the following areas and beyond:
Sausalito
Mill Valley
Corte Madera
Novato
Petaluma
Santa Rosa
San Francisco
Berkeley
Oakland
Walnut Creek
Pleasanton
Fremont
Dublin
Concord
San Mateo
Burlingame
Palo Alto
Mountain View
Santa Clara
San Jose