Law Accountant Services

Why Law Firms Need a Specialized CPA

Law firms are different from other small businesses. You handle client funds that aren’t yours, you often bill on retainers and contingency, and you carry strict recordkeeping obligations. A generic bookkeeper can easily miss these details, and mistakes can lead to ethics problems, not just tax problems.

A law-focused CPA helps you:

• Keep client money and firm money properly separated
• Report contingency fees and retainers correctly
• Stay organized for tax season and for any audit or inquiry
• Understand which entity structure and tax strategy fit your practice
  
  

Our Law Firm Bookkeeping Services in Long Island

• Trust/escrow account bookkeeping: Monthly reconciliation of attorney escrow and IOLA accounts, with clear client-by-client ledgers so every dollar is traceable.
• Monthly bookkeeping: Categorized income and expenses, bank and credit card reconciliations, and clean monthly financial statements.
• Billing and A/R tracking: Visibility into unpaid invoices, retainers, and cash flow, so you know what’s coming in.
• Case cost and expense tracking: Accurate handling of client-reimbursable costs, filing fees, and expert fees.
• Payroll for law firms: Staff payroll, payroll tax filings, and New York compliance. Learn more about our payroll services.
• QuickBooks setup, cleanup, and training: We set up your chart of accounts for a law practice, fix messy books, and train your staff. See our QuickBooks services.