Bookkeeping for Lawyers
Bookkeeping designed for legal professionals and law practices.
Lawyers operate in a trust‑driven, compliance‑heavy environment where financial accuracy is essential. My bookkeeping service is tailored to the unique needs of attorneys, solo practitioners, and small law firms
Bookkeeping Unique to Lawyers
Legal bookkeeping has strict requirements
Trust/IOLTA account compliance
Client retainers and escrow tracking
Case‑based expense tracking
Court fees, filing fees, and reimbursable expenses
Continuing legal education (CLE) and bar dues
Irregular settlement income
High ethical and audit standards
Common Issues Lawyers Face
Trust account mismanagement (a major audit risk)
Mixing client funds with operating funds
No system for tracking reimbursable case expenses
Missing documentation for settlements
Inconsistent categorization
No year‑end organization for tax filing
Premiere Bookkeeping Provides
Trust/IOLTA account reconciliation
Retainer and escrow tracking
Settlement income documentation
Case‑based expense categorization
CLE, bar dues, and licensing expense tracking
Software and research subscription tracking
Monthly reconciliations
Quarterly tax estimate support
Year‑end Schedule C or entity support
Monthly:
Categorized income and expenses
Reconciled operating and trust accounts
Retainer and escrow summaries
Case expense logs
Monthly financial snapshot
Clean, compliant trust accounting
Accurate tracking of retainers and client funds
Organized case‑based expense documentation
Clear visibility into practice profitability
Audit‑ready financials
Peace of mind knowing your books are handled correctly
Deliverables
Year‑End:
Schedule C or entity support package
Trust account reconciliation package
Organized documentation for your CPA
Pricing Rationale
Trust accounting adds significant complexity
Multi‑attorney firms require more reporting and compliance
Firms require audit‑ready books
Pricing Sheet
For solo attorneys or very small practices with low monthly activity
Best for:
One‑attorney practices
Light trust‑account activity
Minimal staff or contractors
Simple monthly expenses
Occasional retainers or settlements
Includes:
High transaction volume from trust account activity
Strict IOLTA compliance
Quarterly tax estimates
Categorization of deductible professional expenses
Mileage, CLE, bar dues tracking
Retainer reconciliation
Monthly financial statements
For small firms or solo attorneys with consistent client activity and more complex workflows.
Best for:
• Firms with 2–3 attorneys
• Regular trust‑account transactions
• Ongoing retainers and settlements
• Payroll or contractor payments
• Case‑level expense tracking
Includes
Multiple attorneys with separate revenue streams
More complex trust accounting
Payroll or contractor payments
Case‑based expense tracking
Retainer management
More detailed monthly reporting
Cleanup / Catch‑Up Work$600–$2,500 depending on months and trust account condition
System Setup (QBO + apps)$350–$650
Receipt/Mileage App Setup$75–$150
1099 Contractor Preparation $15–$25 per contractor
Best for:
Best for:
Multi‑attorney practices
High‑volume trust accounting
Multiple revenue streams (billable hours, flat fees, retainers)
Partner distributions
Monthly financial review needs
Includes:
High‑volume trust accounting
Multiple revenue streams (billable hours, flat fees, retainers)
Partner distributions
Advanced reporting
Payroll + contractor management
Audit‑ready books
Monthly or semi‑monthly financial reviews