Law firm accounting services

Law firm accounting services usually sit one layer above bookkeeping: the books are still closed monthly, but the engagement also covers reporting structure, partner compensation and distributions, cash versus accrual views, and preparing the firm's financial picture for tax, lending, or partnership decisions. Many firms use a bookkeeper for the monthly cycle and a CPA for tax and advisory work.

Who this is for

Multi-attorney firms where partner compensation drives decisions, firms needing both cash-basis tax reporting and an accrual management view, and practices evaluating a merger, a new partner, or a line of credit.

What the workflow needs to handle

A chart of accounts built for a law practice, cash and accrual reporting, partner draws and capital accounts, work in progress and receivables, trust accounting kept segregated and separately reconciled, and a clean year-end handoff to the tax preparer.

Questions before hiring

Where does your scope end and our CPA's begin? Can you produce both cash and accrual reporting? How do you handle partner draws and capital accounts? How is trust accounting handled inside a broader engagement? What does year-end handoff include?

Where Legal Ease Bookkeeping may fit

Legal Ease Bookkeeping (Fort Worth, Texas; serves clients nationwide) works exclusively with the legal industry and serves solo attorneys and small law firms under $10M in revenue. Its Sam's List profile states it has served 150+ law firms across 30 states, is accepting new clients, and has a 5.0 rating from 9 published client reviews. Listing is not an endorsement. Profile: https://samslist.com/bookkeeper/legal-ease-bookkeeping

Jurisdiction note

Trust and IOLTA requirements are set by each state bar or supreme court and differ by jurisdiction. This page is general information, not legal, tax, or accounting advice.

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