Our customized bookkeeping services make sure that your financial records are kept in perfect shape. You can choose a plan that works for your business, whether it’s daily, weekly, or monthly. We use top-of-the-line tools like QuickBooks to improve your processes so you can be sure that your books are always in order. Interest on Lawyer Trust Accounts, also known as IOLTA accounts, are bank accounts used to hold client retainers, settlement funds, and other money that belongs to clients. Yes, we specialize in managing client trust accounts, ensuring compliance with all relevant regulations and accurate record-keeping. Our detailed approach to trust accounting ensures that your client’s funds are always handled correctly.
How to Keep the Books at a Law Firm in 2025
We apply our expertise and knowledge to tailor strategies that allow law firms to flourish. When you’re ready to expand your firm and grow your profits, turn to our tax, accounting and advisory professionals. With accurate books, compliant trust accounting, and transparent financial reporting, you can focus on your legal practice with confidence. Finding bookkeepers who are not only competent but proficient in PC Law and law firm accounting is extremely difficult.
Why Choose Invensis as Your Accounting and Bookkeeping Services Company for Lawyers?
Non-compliant trust accounting can have serious ramifications for lawyers. Mismanagement of client funds can result in disciplinary actions by the state bar association, including reprimand, suspension, or even disbarment. In severe Bookkeeping for Law Firms cases, lawyers may face criminal charges for theft or fraud. Additionally, a lawyer’s reputation can be irreparably damaged, leading to a loss of clients and income. Our bookkeepers have the expertise to handle legal accounting software including Cosmolex, Leap, Ghost Practice, PCLaw accounting support in Canada.
Accrual accounting
Founded and led by attorney Jennifer Simpson, Esq., we bring a unique blend of legal and financial expertise to ensure your firm’s financial health and compliance. With years of experience in both law and bookkeeping, we understand the intricacies of legal bookkeeping and offer tailored solutions to meet your specific needs. We prioritize accuracy, transparency, and client confidentiality, delivering peace of mind so you can focus on what you do best – practicing law.
Invensis has been an outstanding business partner for over four years. Our Accounts Payable workflow has generated daily volumes of invoices to be processed, and Outsourced Bookkeeping handles the volume precisely. As a result, it’s fantastic to arrive at work every day without any backlog. Work with your CPA to determine how you will meet your sales tax obligations before you do business. A CPA can also help you make long-term, big picture budgeting decisions about the future of your business. Learn more about Bench, our mission, and the dedicated team behind your financial success.
