LEGAL ACCOUNTING

Do you trust your IOLTA?

Attorneys and law firms have unique accounting needs.  Most of the transactions in law firms (e.g., writing checks, making deposits, entering and paying bills) are treated the same as in other businesses. However, properly handling transactions related to the Client Trust Account (CTA) or Interest on Lawyer’s Trust Account (IOLTA) can present a challenge.   Understanding and properly reconciling the IOLTA with the trust balance and client ledger is absolutely critical for keeping proper accounting records.

We make sense out of legal professionals and law firm IOLTA accounts  

We are also certified in the cloud-based legal accounting and practice management software programs Leanlaw and Clio.  We can help you get set upor even audit and clean up your account.

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.

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.

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Law firm accounting services:

  • Clio  & LeanLaw Certified
  • Accounting software setup/cleanup
  • Bookkeeping and accounting services
  • Financial statement preparation
  • Business tax preparation
  • Cash flow management
  • Payroll processing
  • Business valuations, mergers & acquisitions
  • Litigation support
  • Estate planning
  • Succession planning

 

 

 

A More Efficient Practice

The art of blending applications and manual tasks to improve your firms overall efficiency

 

The number of billable hours you are able to charge is very important, our team can help you maximize your billable time with clients.