4 Common Accounting Pitfalls Law Firms Must Avoid
- There is no Money In and Out of the fund (no flow of transactions)
- Overdraft client ledgers at the transaction level.
ATTORNEY BOOKKEEPING
IN ANAHEIM
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4 ways Irvine Bookkeeping removes hassles for
Manage Trust and IOLTA Account
Tracking Client Billable Activities
Tracking Every Expense
Assessing the Profit/Loss Reports
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Irvine Bookkeeping
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Law Firm Accounting Service
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We provide top bookkeeping services for attorneys to be the best bookkeeping service firm specialized in the Law Firm in CA. All of our Irvine specialists are Quickbooks certified and have extensive knowledge and expertise in the accounting field for many years of experience.
Do you really know the status of your IOLTA?
1. Journal entries for individual client ledgers
2. Pay client invoices from client trust accounts
3. Handle disbursements
4. Request and Receive payments for Trust funds online and in office
5. Manage client funds with error validation and automatic bookkeeping
6. Reconcile with bank statements and regenerate standard reports to Accountants and Clients
Let Irvine Bookkeeping help you identify and separate the firm's operating funds from client funds.
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IF YOU RUN A
LAW PRACTICE
YOU SHOULDN'T DO ACCOUNTING.
We will help you with:
Accounting Dashboard to help track bank balances, invoices, bills, unbilled activities and disbursements
Expense claims to batch approval of payments, with full visibility to validate receipts and approvals
​Bank reconciliation for balancing law firm accounts (Operating and Client Account)
Double-entry law firm bookkeeping
Tax preparation for review and filings
Are you TIRED of
manage your law firms on your own?
Loss track of time and expenses
Miss thousand billable time with clients
Not meet billable hours targets
Not get payments on time
Not send invoices to clients in a timely manner
Flag your firm for an audit by the IRS
Face to risk of fraud
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We Can Clean up your TRUST account today !
We Will Combat Legal Accounting Challenges with You
TRUST ACCOUNTING - ESSENTIALS
TRUST ACCOUNTING THE MOST CRITICAL PART OF BOOKKEEPING
Quite simple: keep money that isn't yours in a separate account
Governed State be State & very few people know the bar rules
Extremely high risk area to your firm
Get a separate bank account (Required by most states)
Leverage technology - STOP doing this on this back of a napkin
Always record the transaction the day money clears the bank
Perform a monthly 3 way reconciliation
Bank statement, trust account, & detailed client subledger
THE DO'S
Mix trust funds with any other part of the business
Brorrow Money from the trust account
Record Trust Funds Received as Income
Trust is Income after you do the work
Watch out for credit card fees!
THE DON'TS
Try our service risk-free
Get a separate bank account (Required by most states)
Leverage technology - STOP doing this on this back of a napkin
Always record the transaction the day money clears the bank
Perform a monthly 3 way reconciliation
Bank statement, trust account, & detailed client subledger
THE DO'S
Mix trust funds with any other part of the business
Brorrow Money from the trust account
Record Trust Funds Received as Income
Trust is Income after you do the work
Watch out for credit card fees!
THE DON'TS
24/7 SUPPORT
Your time is precious. You don't have to wait, we wait for your call to support the accounting business.
1-1 CONSULTANT
Our professional bookkeepers always stand by your side to improve your accounting.
LAWYER BOOKKEEPING GUIDE
Irvine Bookkeeping established for small businesses. We are a lawyer bookkeeping guide
CLEARLY REPORTS
Irvine Bookkeeping delivers up-to-date financials monthly. Visual reports from bookkeepers forecast your business
CANCEL ANY TIME
We never lock you in, even if you prepay annually. We also make it easy to get your data out of Irvine Bookkeeping.
Bookkeeping Services For Law Firms
Virtual Bookkeeper For Lawyers
The law office accounting professionals at Irvine Bookkeeping fulfill the accounting, tax preparation, and business requirements of the world’s several successful attorneys and their exclusive law firms.
Quickbooks Accounting Setup
Income Statements Preparations
Balance Sheet Preparation
Financial Statements & Reporting
Preparing Closing Entries
​Monthly, Quarterly, Yearly Review
Financial Analysis
Management Reporting
Accounts Receivable Services
Accounts Payable Services
Payroll Processing Services
Bank Account & General Ledger Reconciliation
Catch Up Bookkeeping
Revenue Reconciliation with Bank Deposits
Tax Preparation Services
Every unrecorded minute is lost revenue.
Massive boost in your income with Irvine Bookkeeping
Saving lots of time for law practice
Track Time and Capture Expenses from Anywhere.
Never miss a billable minute
Simple invoicing, Better billing and Faster payments
Take control over your Law Firm Finances
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