Law firm bookkeeping and trust accounting
Operating books in QuickBooks, a three-way trust (IOLTA) reconciliation every month, and the books closed by the 10th, so you're never guessing before a bar audit.
Three-way trust reconciliation
Bank statement, trust ledger and individual client ledgers reconciled every month, with a signed-off report you can keep on file.
Settlements and disbursements
Settlement deposits, liens, medical bills and client payouts recorded against the right matter.
Case costs
Advanced costs tracked by case, so recoveries are billed correctly at settlement.
Operating books
Payroll, rent, marketing and fee income reconciled and reported monthly.
What we handle each month
- Monthly three-way reconciliation of every IOLTA and trust account
- Client ledger review: no negative balances, no stale funds
- Operating account reconciliations and monthly P&L
- Case cost tracking for contingency-fee matters
- Works with Clio, MyCase, PracticePanther and QuickBooks
- Year-end package for your CPA
Common questions
Do you work with Clio or MyCase?
Yes. We reconcile trust activity from your practice management system against the bank and keep the firm's books in QuickBooks.
Which firms do you work with?
Personal injury, family law, estate planning, immigration and small business law firms with one to about thirty attorneys.
Are you a CPA or law firm?
No. We are a bookkeeping firm led by a Chartered Accountant (India). We keep the records your CPA and your state bar expect to see.
Get your books closed by the 10th
Email Kapil with your software, rough monthly transaction count and whether your books are current. You'll get a reply within one US business day with times for a 15-minute call and a starting quote.
kapil@closewisefinancial.comFree bookkeeping health check
Tell us a little about your books. Kapil will review your setup and reply within one US business day with what needs fixing and a fixed monthly quote. No obligation.
Prefer email? Write to kapil@closewisefinancial.com.