ACCOUTING FOR LEGAL PROFESSIONALS AND ATTORNEYS
Your law firm is probably busy enough serving your clients than to also worry about your financials. Regardless of your size, whether you are a single person practice or a large firm, we offer the services that best fit your needs so you can grow your company. We have the expertise and we work closely with legal professionals and take the accounting burden off your hands so you can serve more clients – and make more profit.
Do you trust your IOLTA?
Attorneys and law firms have unique accounting needs. As funds are received from clients, they must be placed in a separate trust account, separate from the firm’s (company’s) money. Properly handling transactions related to the Client Trust Account (CTA) or Interest on Lawyer’s Trust Account (IOLTA) can be a challenge. Accurately reconciling the IOLTA with the trust balance and client ledger (3-way reconciliation) is absolutely critical for keeping proper accounting records.
Many firms turn to us for their accounting and tax needs simply due to time constraints – but we offer more than just outsourced accounting services. Infinity Accounting LLC helps law firms with cash flow management, financial statement preparation, succession planning and more. All of our services are designed to reduce your firm’s tax liability and increase your bottom line.
Legal Accounting Services
- Accounting software setup/cleanup
- Practice management software integration
- IOLTA-trust reconciliation
- Financial statement preparation
- Cash flow management-budgeting
- Business benchmarking-financial analysis
- Payroll processing
- Business valuations
- Tax planning
- Business tax preparation
A More Efficient Practice
We help you to be more efficient as you grow your practice.
The number of billable hours you are able to charge is very important, our team can help you maximize your billable time with clients.
We are certified in the cloud-based legal accounting and practice management software programs LeanLaw and Clio. We help you get set up or even audit and clean up your account.