We'll regularly provide you with the latest updates regarding your law firm's bookkeeping. Got urgent queries that can't be put on hold? Rest assured, our team will respond within one business day or less.
Our platform enables you to automatically input data from most major providers, minimizing errors so common in manual entry. We work in tandem with law-firm-preferred providers like Clio, Quickbooks, and Legal Files—ensuring your financial data always aligns, hallmark of a booming bankruptcy law practice.
Say farewell to mounds of legal documents and extensive manual tracking—our automation pulls information directly from linked accounts. View all your data from a single, central dashboard, enabling you to clearly gauge the financial health of your bankruptcy law practice and make strategic decisions with ease.
DR. BUKKY KOLAWOLE
As a bankruptcy lawyer, you may have specific bookkeeping needs that set your industry apart. These could include:
- Client trust accounting: Bookkeepers in your industry will need to be proficient in maintaining and managing separate client trust accounts to ensure compliance.
- Accurate time and expense tracking: Recording billable hours accurately and managing miscellaneous expenses is critical in your field.
- Preparation of financial statements: Regular financial reporting including balance sheets, profit and loss statements, and cash flow statements could be needed for court declarations and filings.
- Tax compliance: Given the sensitive nature of your industry, ensuring full compliance with tax obligations is essential.
Hiring a bookkeeper experienced with the needs of bankruptcy lawyers can help maintain accurate and compliant financial records, leaving you more time to focus on your legal tasks.
At Bench Accounting, we understand that managing client trust accounts is crucial for your firm and can also be quite complex. Our team of professional bookkeepers is well-versed in keeping accurate records and correctly handling transactions related to client trust accounts.
We can assist you by making sure that funds are tracked separately, each transaction is meticulously recorded, regular reconciliations are carried out, and detailed reports are provided. We can also help ensure strict compliance with the state and federal regulations that govern client trust accounts.
We apply the best industry practices, use secure and efficient accounting tools, and leverage our extensive experience in this field to bring peace of mind to you and your clients. You can concentrate on your core business while we take care of this critical aspect of financial management on your behalf.
Yes, Bench Accounting has extensive experience in dealing with the unique financial transactions related to legal retainers and contingency fees. Our team of skilled bookkeepers understands the complexities and intricacies related to handling these types of financial transactions in the legal industry. You can trust Bench Accounting to keep your legal financial transactions organized, accessible, and comprehensible.
Nope! All bookkeeping is completed in-house.
Your bookkeeper will be your main point of contact, but at times you might hear from another member of your team. This is usually when your bookkeeper goes on vacation, is sick, or otherwise unavailable.
We handle the bookkeeping for you but sometimes we’ll need your input, especially at year-end. On average, expect to spend 15 minutes each month answering questions for your bookkeeper, or uploading supporting docs.