Bookkeeping and Accounting for Bankruptcy Lawyers

Looking for a bookkeeper and accountant for your bankruptcy law firm? We'll manage your books, so you devote more time to winning cases for your clients. Try us for free.

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How Bench works with bankruptcy lawyers

Keep your bookkeeping, income tax prep, and filing effortlessly managed by experts—supported by a powerful platform. Bench works seamlessly with bankruptcy lawyers.

We get you set up

Our dedicated team devotes the necessary time to thoroughly comprehend your bankruptcy law practice, respond to your inquiries, assist in integrating your accounts, and demonstrate how Bench functions for you.

We do your bookkeeping

Each month, your bookkeeping team will accurately organize your law firm's transactions and prepare comprehensive financial statements. If they need any additional information, they won't hesitate to reach out.

We deliver tax-ready financials

Our team of experts understands the intricate tax regulations concerning bankruptcy law and will tailor their services to meet your law firm’s specific requirements.

Here’s why bankruptcy lawyers like you trust Bench with their bookkeeping and accounting

Get fast, unlimited support from our expert advisors

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.

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screenshot of Bench support app

Guaranteed accuracy in every detail

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.

See where you’re spending. Make smart decisions

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.

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Bench integrates with your favorite small business tools

We sync seamlessly with your financial accounts and tools to keep your books up-to-date and save you the time and effort of manually uploading documents.

Trusted by 25,000+ American small business owners

“Bench helped me replace QuickBooks, and save about 6 hours per month of horrible accounting work, which is priceless.”

CHRIS RONZIO

CEO, TRAINUAL
“This is the first year where it’s tax season and I don’t feel anxious one bit.”

DR. BUKKY KOLAWOLE

FOUNDER/EXECUTIVE DIRECTOR, RELATIONSHIP HQ
“Bench has lifted a giant weight off my shoulders and freed up my time so I can focus on earning money and working with clients, meetings and calls.”

HEATHER SHOLL

FOUNDER, THE VILLAGES GYM
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We know bookkeeping for bankruptcy lawyers

Bankruptcy lawyers have an extremely complex set of financial regulations and practices they have to navigate. On top of managing their clients' cases, staying updated with current bankruptcy laws, and running day-to-day operations, managing financial records can be an overwhelming task. Bench bookkeeping understands the intricacies involved in this profession and is fully equipped to handle these unique challenges. This includes dealing with distinct income streams such as retainer fees, legal fees, and court-related expenses. We're well-versed in legal industry tax code, ensuring your firm is compliant and takes advantage of every tax benefit possible.

Our dedicated bookkeepers at Bench seamlessly combine their expertise with our innovative software to simplify your bookkeeping process. Unlike traditional bookkeeping, we streamline your financial management by categorizing and organizing all transactions, preparing concise financial statements, and offering real-time access to your financial information. This allows you to easily track income and expenses, understand your cash flow, and make sound business decisions. It's not just about crunching numbers, it's about providing a bookkeeping solution that understands the unique nature of bankruptcy law. With Bench, you can focus on your clients while we take care of your bookkeeping and tax needs.

Simple, straightforward pricing for everything your business needs.

Get bookkeeping, tax prep, advisory, and filing with Bench's powerful, easy-to-use platform.

Choose Plan

Essential

Best for those looking for peace of mind and accurate financials done by professional bookkeepers.
$249/mo

billed annually

Dedicated bookkeeping experts
Accurate monthly books and year-end tax-ready financial packages
P&L, balance sheet and 1099 reporting
Unlimited communication with your bookkeeping team

Premium

Best for those looking for an all-in-one bookkeeping, tax advisory and income tax filing service.
$399/mo

billed annually

Everything in Essential plan
Dedicated team of licensed tax professionals to file your income tax return on time
Annual income tax filing for businesses (partnerships, S corps, C corps)
Annual income tax filing for individuals (sole proprietors, contractors)

Essential

Best for those looking for peace of mind and accurate financials done by professional bookkeepers.
$299/mo

billed monthly

Dedicated bookkeeping experts
Accurate monthly books and year-end tax-ready financial packages
P&L, balance sheet and 1099 reporting
Unlimited communication with your bookkeeping team

Premium

Best for those looking for an all-in-one bookkeeping, tax advisory and income tax filing service.
$499/mo

billed monthly

Everything in Essential plan
Dedicated team of licensed tax professionals to file your income tax return on time
Annual income tax filing for businesses (partnerships, S corps, C corps)
Annual income tax filing for individuals (sole proprietors, contractors)

Frequently Asked Questions

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As a bankruptcy lawyer, what specific bookkeeping needs might I need that sets my industry apart from others?

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.

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How can Bench Accounting assist with managing my firm’s client trust accounts?

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.

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Does Bench Accounting has experience in dealing with the unique financial transactions related to legal retainers and contingency fees?

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.

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Does Bench outsource bookkeeping?

Nope! All bookkeeping is completed in-house.

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Will I have one point of contact?

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.

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How much time each month will I have to spend managing my Bench account?

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.

Bookkeeping Services for Bankruptcy Lawyers

Sign up for a Bench trial, and get one month free. If you decide to go with us, we’ll take bookkeeping off your plate—for good.

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