Law Firm Accounting.
It's What We Do.
Accounting for law firms isn't like general business accounting. From IOLTA trust accounts to matter-level profitability tracking, we handle the day-to-day so your firm stays compliant, your partners stay informed, and you stay focused on practicing law.
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BUILT AROUND YOUR LAW FIRM
Full Service or À La Carte. Your Call.
Some law firms need everything handled. Others just need one piece. We work both ways. No forced bundles and no paying for what you don’t use.
Full-service monthly bookkeeping
AP management only
Bank reconciliation only
Financial reporting only
Any combination that fits
ACCOUNTING & BOOKKEEPING for law firms
Accounting Services for law firms
Pick What Your Law Firm Needs
Every service below is available on its own or as part of a full-service engagement.
Mix and match to fit exactly what your law firm needs.
📒
Monthly Bookkeeping & Close
We handle your law firm's full monthly close by categorizing transactions, reconciling accounts, and making sure your books are accurate, compliant, and ready for review.
GL Maintenance
Transaction Coding
Month-End Close
💳
Accounts Payable Management
We manage your vendor bills, track payment due dates, process payments, and maintain a clean AP ledger for your law firm so nothing falls through the cracks and vendors stay paid on time.
Vendor Management
Bill Entry
Payment Processing
📬
Accounts Receivable Management
We track outstanding invoices, monitor aging balances, and give you a clear picture of what’s owed to your law firm so you know exactly where your law firm's receivables stand every month.
Collections Visibility
Invoice Tracking
AR Aging Reports
🏦
Bank & Credit Card Reconciliation
Every account reconciled every month — operating, trust, credit cards. No uncleared transactions left hanging, no mystery charges sitting in your books unaddressed.
Monthly Reconciliation
Operating Accounts
Credit Cards
📊
Financial Reporting
Monthly financial statements delivered in plain language. P&L, balance sheet, cash flow summary, and AR aging. Reports your law firm partners can actually read and act on.
Cash Flow
P&L Statement
Balance Sheet
🧾
1099 Reporting & Preparation
We track vendor payments throughout the year and prepare all required 1099s at year end so you're never scrambling in January to figure out who needs one.
Year-End Prep
Vendor Tracking
1099 NEC & MISC
💰
Cost Recovery Tracking
Filing fees, court costs, copies, postage. We track billable expenses by matter so they get billed back to clients instead of absorbed by your law firm.
Client Billing
Filing Fees
Matter Expenses
🧮
Year-End CPA Preparation
Clean, organized financials handed off to your law firm's CPA at year end so tax season doesn’t become a fire drill. We make sure your books tell the right story before they leave our hands.
Year-End Close
Organized Records
CPA Coordination
WHY A SPECIALIZED LAW FIRM ACCOUNTANT
Law Firm Accounting Isn't Like Other Businesses
⚖️
Operating vs. Trust Separation
Client funds and law firm funds must never mix. Every accounting decision has to account for the separation between your operating account and IOLTA trust accounts.
📋
Law Firm Chart of Accounts
Law firms have a unique chart of accounts. Matter costs, client advances, fee income by practice area, attorney draws. Generic templates aren't built for this.
💼
Matter-Based Expense Tracking
Expenses in a law firm aren’t just overhead. Many are client-specific and need to be tracked by matter for billing and profitability purposes.
💸
Cost Recovery
Filing fees, court costs, and other client expenses that get billed back require their own tracking. Missed cost recovery is money your law firm never gets back.
👥
Partner & Attorney Compensation
Attorney draws, partner distributions, and compensation structures vary from law firm to law firm. Accounting has to reflect how your specific law firm pays its people.
📈
Practice Area Reporting
Partners want to know how each practice area performs, not just total firm revenue. That requires intentional accounting structure from day one.
A general accountant can handle basic transaction coding. But law firm accounting has layers that most generalists have never encountered and getting them wrong has consequences beyond bad financials.
What to Expect
What Your Law Firm Receives Every Month
For full-service clients, here is exactly what you receive at the end of every monthly close in a clean, readable format designed for attorneys, not accountants.
1
Profit & Loss Statement
Revenue and expenses for the month broken down by category and compared to prior months.
2
Balance Sheet
A snapshot of your law firm’s financial position. Assets, liabilities, and equity as of month end.
3
Cash Flow Summary
Where your cash came from and where it went so you always know your true cash position.
4
AR Aging Report
Every outstanding invoice, how old it is, and who owes what so collections never get ignored.
5
Law Firm Trust Account Reconciliation
Three-way reconciliation documentation confirming your trust account is clean and compliant.
Monthly close -
Trust Reconciliation
Delivered
AR Aging Report
Delivered
Cash Flow Summary
Delivered
Balance Sheet
Delivered
Profit & Loss Statement
Delivered
common questions FROM LAW FIRMS
Accounting Questions We Hear Most
Absolutely. Every service we offer is available on a standalone basis. If you just need AP management, bank reconciliation, or monthly financial reporting we can scope an engagement around exactly that. You only pay for what you actually need.
Yes. We work within QuickBooks, Xero, Clio, MyCase, and most other platforms commonly used by law firms. We don't require you to switch software. If your current setup has limitations, we'll discuss options during onboarding but we always assess
first before recommending any changes.
That's what our Cleanup and Catchup service is for. Before ongoing accounting begins, we get your books current and accurate - however far back that requires. Cleanup is scoped as a one-time project with its own flat fee. Once your books are clean we bring you into ongoing monthly service.
We maintain strict separation between your operating and trust account accounting at all times. Every transaction is coded to the correct account, and we never allow operating expenses to touch trust funds or vice versa. Trust account management is handled concurrently with your operating accounting but maintained as a completely separate ledger.
Yes. Year-end CPA preparation is part of what we do. Your books will be clean, reconciled, and organized in a format your CPA can work with efficiently. Many of our clients find that working with GROWTH actually reduces their CPA fees because the books arrive in much better shape than before. This means tax time is a breeze.