Frequently Asked Questions
Why do I need a bookkeeper who specializes in law firms?
Legal accounting has unique rules and requirements that general bookkeepers often miss. Especially around trust accounts, client costs, and retainers. A law firm bookkeeper understands compliance, IOLTA reconciliation, and how to structure your books to align with your practice management system (like Clio). That expertise saves you time, reduces risk, and gives you accurate financials you can rely on.
What’s the difference between bookkeeping and Fractional CFO services?
Bookkeeping keeps your financial data accurate and up to date, it’s the foundation. Fractional CFO services take that data and turn it into strategy. Your CFO strategist helps you analyze profitability, plan for cash flow, set financial goals, and make informed business decisions. Many of our clients start with bookkeeping and grow into CFO support as their firm scales.
How do you handle IOLTA or trust account compliance?
We follow strict reconciliation processes that include three-way matching (bank balance, trust ledger, and client ledgers). Each month, we verify every transaction and provide documentation that confirms everything matches. Our goal is to make compliance easy, transparent, and stress-free.
How do you handle IOLTA or trust account compliance?
We follow strict reconciliation processes that include three-way matching (bank balance, trust ledger, and client sub-ledgers). Each month, we verify every transaction and provide documentation that meets bar association requirements. Our goal is to make compliance easy, transparent, and stress-free — so you can walk into any audit with confidence.
What does the onboarding process look like?
We start with a free discovery call to learn about your firm, your current systems, and your goals. Next, we complete a diagnostic review to identify any issues, inefficiencies, or opportunities for improvement. After the review, we’ll prepare a custom proposal outlining detailed package options tailored to your firm’s needs. From start to finish, our process is clear and collaborative. You’ll always know what’s happening with your books and where your firm stands financially.
Have More Questions?
If you have additional questions about our services, feel free to email us, we’re happy to provide answers and guidance. When you’re ready to see how we can simplify your firm’s finances, book a call to discuss your goals and explore the solutions we can provide.
