Law Firm Trust Accounting & Bookkeeping Services
SERVICES
At Tandem, we understand that managing the financial aspect of a law practice can be time-consuming and complex. We offer personalized and tailored legal bookkeeping and practice management services to help small and solo law firms streamline their financial processes.
Trust Accounting
- •Manage trust transactions & transfers
- •Prepare transaction documentation
- •Maintain pre-reconciliation of trust account
- •Reconcile bank statements
- •Monitor uncleared items
- •Prepare IOLTA reports for three-way reconciliation
- •Maintain document retention
Business Accounting
- •Enter & allocate business transactions
- •Manage payroll and other liability accounts
- •Maintain pre-reconciliation of bank and credit card accounts
- •Reconcile bank statements
- •Monitor uncleared items
- •Maintain record retention of invoices/receipts
- •Manage payees/vendors
Legal Accounting
- •Process client/matter transactions
- •Manage client costs
- •Prepare client billing
Reports & Other
- •Accounting Catch-up/clean-up
- •Manage payees for 1099
- •Year-end reports for tax prep
- •Customize Chart of Accounts
- •Prepare annual Budget & Cashflow reports
- •Prepare Key Performance Indicator (KPI) reports