We help you spend your time on things that matter – your clients and their cases – instead of wasting time on tracking bills, preparing invoices, dealing with payroll, and so on and so forth.
Schedule a consultation“I tried using QuickBooks, but it turned into a mess.”
QuickBooks is a great tool which can provide an accurate picture of your firm’s finances and enable you to make good financial decisions. However, to use it properly requires specific expertise and non-trivial effort. It is therefore not surprising when firms can’t make it work well.
Whether due to a lack of understanding or bandwidth, bank statements don’t get reconciled and transactions don’t get properly categorized. Before you know it, data within it cannot be trusted and is therefore no longer useful.
As accounting experts, we understand how to work with software like QuickBooks. We will ensure that the data within it remains accurate and useful. We can also help extract insights out of that data through reports and recommendations, so that you can make good financial decisions for your firm.
“I’m really concerned that our Client Trust accounts aren’t correct and I’m afraid we won’t be able to produce accurate reports if needed.”
Client Trust Accounting is about being able to accurately track the funds you collected from your client and the disbursements you made against those funds. It sounds easy, but is surprisingly difficult to do in practice. There are many reasons for this – banks typically don’t separate your trust accounts by client, you need to continuously reconcile trust transactions against bills, and so on.
We help law firms set up and maintain accurate Trust Accounting. Initially, we examine available paperwork (bank statements, bills, etc) for up to 3 years to identify all accounts and ensure that their balances are correct and up to date. Once that work is completed, we maintain those accounts on a go forward basis.