Accounting for Law Firms & Attorneys

Law Firm Bookkeeping & Accounting Services

We provide bookkeeping services for law firms, helping attorneys maintain trust account compliance, improve financial visibility, and stay focused on serving their clients.

Trusted by Law Firms Nationwide
✓ CliomycaseLawPayintuit
quickbooks
bill.com
Law firm bookkeeping dashboard showing cash flow, trust account balance, revenue, WIP, and matter type reporting

Law Firm Bookkeeping, Trust Accounting & Financial Reporting Services

Specialized accounting support for attorneys and law firms that need cleaner books, stronger compliance, and better financial visibility.

Cash Flow Overview (YTD)

$600K $300K $0 -$300K Jan Feb Mar Apr May Jun Cash Flow Trend

Revenue by Matter Type

Contingency 45% Retainer 35% Hourly 15% Other 5%
Trust Account Balance
$458,750
Reconciled as of Apr 30, 2025
$
Accounts Receivable
$312,890
↑ 16.3% from last month
Solutions Built for Law Firms

Trust Account
Reconciliations

Accurate, timely IOLTA reconciliations to help keep your firm compliant.

3-Way Bank
Reconciliations

We match your bank, trust, and book records so nothing slips through the cracks.

$

Contingency vs.
Retainer Tracking

Track matter fees, costs, recoveries, and retainer balances clearly.

Matter
Profitability

Know which matters, attorneys, and practice areas are most profitable.

Time & Expense
Management

Support cleaner billing, expense tracking, and recoverable cost reporting.

Custom Reporting &
Dashboards

Real-time insights on revenue, WIP, collections, and firm profitability.

Integrated With The Tools You Rely On
✓ Clio
mycase
LawPay
AN AFFINIPAY SOLUTION
intuit
quickbooks
bill.com
melio
Built for Legal Practices

Accounting Solutions Designed Specifically for Law Firms

Law firms face financial challenges that general bookkeeping services often overlook. From trust account reconciliation and client retainers to matter-based reporting and cash flow visibility, your firm needs accounting support built around how legal practices actually operate.

Trust Account Reconciliation

Keep client funds organized, reconciled, and clearly separated from operating accounts.

IOLTA Support

Maintain better visibility into trust activity, retainers, deposits, and disbursements.

Financial Reporting

Get accurate reports that show revenue, expenses, profitability, and financial trends.

Cash Flow Management

Understand when money is coming in, going out, and where your firm needs attention.

Matter-Based Tracking

Gain visibility into revenue, expenses, and profitability by matter or practice area.

xero

QuickBooks Bookkeeping for Lawyers

Keep QuickBooks organized, accurate, and aligned with your law firm operations.

Expense Management

Track firm expenses, vendor payments, reimbursements, and recurring costs.

Profitability Insights

See which services, matters, or practice areas are driving your firm’s growth.

Financial Overview
Revenue
$125,000
▲ 12.5%
Net Profit
$28,850
▲ 8.3%
Expenses
$65,420
▼ 5.4%
Cash Balance
$48,600
▲ 7.2%
Profit & Loss Trend
Jan Mar May Jun
Cash Flow Overview
Jan Mar Apr Jun
Common Problems We Solve

Are These Challenges Holding Your Firm Back?

Many law firms come to us because these financial challenges create stress, waste time, and limit profitability.

! Trust accounts aren’t reconciled monthly. This creates compliance risk and inaccurate financials.
! Financial reports are inaccurate or outdated. You can’t make confident decisions without reliable numbers.
! Cash flow feels unpredictable. It’s hard to know what’s coming in, going out, and when.
! Partner distributions are difficult to track. Manual processes lead to confusion and miscommunication.
! Revenue by practice area isn’t visible. You lack the insights needed to grow your most profitable areas.
! Attorneys spend too much time on bookkeeping. Time spent on finances is time taken away from clients and billable work.

The Cost of Poor Financial Visibility

Lost Billable Hours

Attorneys spend valuable time on bookkeeping instead of serving clients and growing the firm.

Compliance Risk

Trust accounting errors and late reconciliations can lead to serious compliance issues.

Missed Growth Opportunities

Without clear reporting, your firm can’t identify the best opportunities to increase profitability.

What Changes When Your Books Are Done Right?

Before

Unclear trust balances

Delayed reporting

Manual spreadsheets

Financial uncertainty

After

Accurate trust accounting

Monthly reporting

Real-time visibility

Better business decisions

Ready for Better Financial Visibility?

Stop worrying about bookkeeping and start focusing on your clients.

Schedule a Consultation

LAW FIRM ACCOUNTING & BOOKKEEPING FOR ATTORNEYS

At Prolific Financial, our professional team is experienced in law firm accounting. Law offices, practitioners, and related professionals turn to us time and time again when they need specialized accounting services for the legal industry. That’s because they know outsourcing accounting services is a smart decision for a busy law office. Even when you’re able to manage some of your accounting needs, there is no need to detract from your billable hours working with clients. We’re happy to handle the accounting while you focus on what you do best – manage the legal matters.

Our Los Angeles, CA accounting firm uses top tools and technology to take care of day-to-day bookkeeping, accounting, and tax needs. No office is too small for our specialized service because we can tailor what we do to your needs so that you never worry about your finances. We keep you abreast of what is going on in that area by providing detailed financial reports and offering sound advice about the financial decisions that impact your firm.

Accounting for Lawyers and Attorneys

Call us today to learn more about how our qualified accounting team can help you with your legal industry accounting needs. Call 213-677-0223 to request a free consultation.

Full-service accounting
Cash flow analysis
Budgeting
Financial statement preparation
Strategic tax planning
Business tax preparation
Tax returns for estates and trusts
Accounts payable and receivable
Our Law Firm Accounting Services

Comprehensive Accounting Services for Attorneys

From day-to-day bookkeeping to reporting, cleanup, forecasting, and trust account support, we help law firms operate with cleaner numbers and stronger financial visibility.

Real-Time Visibility. Better Decisions.

Accounting support that gives your firm clarity, control, and confidence.

✓ Monthly bookkeeping and reconciliations
✓ Trust account and IOLTA support
✓ Financial reports and KPI dashboards
✓ QuickBooks setup, cleanup, and management
✓ Budgeting, forecasting, and cash flow visibility
Firm Performance Dashboard
Jan Feb Mar Apr Jun
Revenue
$3.62M
▲ 16.9%
Net Profit
$812K
▲ 11.0%
Cash Position
$2.34M
▲ 13.3%
Core Monthly Services

Monthly Bookkeeping

Accurate categorization, reconciliations, general ledger maintenance, and clean monthly books.

Trust Accounting Support

IOLTA support, trust ledger tracking, and 3-way reconciliations for better compliance visibility.

Financial Reporting

Monthly Profit & Loss, Balance Sheet, Cash Flow, KPI reporting, and practice-area insight.

Growth & Cleanup Support

Budgeting & Forecasting

Cash flow forecasting, annual budgets, and scenario planning to support better financial decisions.

QuickBooks Management

Setup, cleanup, optimization, chart of accounts, and ongoing QuickBooks support.

Catch-Up & Cleanup Bookkeeping

Historical cleanup, past reconciliations, and organized records when your books need a reset.

How We Help Your Firm

Understand Profitability

See which matters and practice areas drive profit.

Improve Cash Flow

Track money coming in, going out, and when.

Ensure Compliance

Support cleaner trust accounting processes.

Reduce Time Spent

Free up time for clients and billable work.

Plan for Growth

Use your numbers to make better decisions.

1

Discover

We learn about your firm and challenges.

2

Analyze

We review your numbers and systems.

3

Strategize

We build a plan for your firm.

4

Implement

We clean up and organize your books.

5

Optimize

We monitor and improve over time.

GET STARTED TODAY

Request a FREE Consultation

Call us at 213-677-0223 now and request a free consultation to learn more about what our Los Angeles, CA accounting firm can do for you and your business.