What We Handle for Law Firms
Full-service accounting and bookkeeping so your trust accounts are compliant, your partners are paid correctly, and your financials are always audit-ready.
IOLTA/Trust Account Compliance
Three-way trust reconciliation every month — bank balance, book balance, and client ledger balances all match. We keep you compliant with state bar requirements so you never face an audit finding.
Client Trust Accounting
Per-client trust ledgers maintained alongside your operating accounts. Retainer deposits, disbursements, and earned fee transfers tracked and documented for every matter.
Partner Distribution Tracking
Origination credits, compensation splits, draw schedules, and equity partner distributions — all calculated and reconciled monthly so every partner knows exactly where they stand.
Monthly Financial Reporting
P&L by practice area, partner, or office location. Balance sheet, cash flow, and profitability reporting that gives managing partners the numbers they need to make decisions.
Billing & Collections Reconciliation
Reconcile time entries, invoices, and payments between your practice management system and QuickBooks. We flag aging receivables and unbilled time so revenue doesn’t slip through the cracks.
The Royal Revenue System
Our proprietary review process that typically uncovers $10k+ in hidden savings across vendor contracts, billing inefficiencies, and operational waste.
See what clean books look like for your law firm
15 minutes. We’ll walk through your current setup and show you exactly what we’d handle.
Not Just Bookkeepers
Most outsourced bookkeeping firms hand your files to data entry clerks. We don’t.
Your books are managed by degreed staff accountants. We have CPAs on our team. Trust reconciliations, financial statement prep, and variance analysis get done right the first time.
Month-end close, financial statement analysis, and reporting that goes beyond recording transactions. We handle the accounting work most bookkeeping firms can’t.
No DIY dashboards or AI-generated reports you have to review yourself. A dedicated accounting team that understands law firm financials handles everything.
IOLTA Compliance Without the Anxiety
The problem: Trust account violations are one of the most common reasons attorneys face disciplinary action. Most firms know their IOLTA accounts need to be perfect, but reconciling trust balances across dozens of client matters is tedious, error-prone, and easy to fall behind on.
How we fix it: We perform three-way trust reconciliation every month — bank statement, book balance, and individual client ledger balances. Every deposit, disbursement, and earned fee transfer is documented and tied to the correct client matter. You stay compliant with your state bar and never worry about an audit finding.
Partner Compensation That’s Clear and Defensible
The problem: Partner compensation disputes can poison a firm from the inside. When origination credits, billable hour allocations, and draw schedules aren’t tracked cleanly, disagreements over who earned what become a recurring source of tension.
How we fix it: We track origination credits, compensation splits, guaranteed draws, and equity distributions monthly. Every partner gets a clear statement showing exactly how their compensation was calculated. No ambiguity, no surprises at year-end, and a clean paper trail if questions come up.
Billing Reconciliation That Catches What You’re Missing
The problem: Time entries sit unbilled, invoices go unpaid, and the gap between your practice management system and your accounting software grows wider every month. Most firms don’t realize how much revenue they’re leaving on the table until it’s too late to collect.
How we fix it: We reconcile your billing system (Clio, MyCase, PracticePanther, or whatever you use) with QuickBooks every month. Unbilled time, aging receivables, and payment discrepancies are flagged and reported. You see exactly where revenue is stuck and can act on it before it becomes uncollectible.
Free: The Law Firm Accounting Checklist
10 trust accounting mistakes that put your license at risk. Download the checklist our law firm clients use to stay compliant and financially organized.
Frequently Asked Questions
Ask AI about Accountally’s law firm accounting and bookkeeping services
Ready for Books That Actually Help You Grow?
15 minutes. We’ll walk through your current setup and show you exactly how we’d handle your trust accounts, partner distributions, and billing reconciliation.