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
Matter Accounting
- •Process client/matter transactions
- •Manage client costs
- •Prepare client billing
Reports & Other
- •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
Cleanup and Catch-Up Projects
When bookkeeping falls behind or the numbers no longer add up, fixing the problem takes more than software. We investigate discrepancies, correct underlying issues, and bring your books back into balance while preserving what is already accurate.
- •Overdue or unreliable bookkeeping records
- •Bank, credit card, and trust account discrepancies
- •Trust accounts that reconcile but do not balance
- •Differences between legal practice management and accounting records
- •Missing, duplicate, or incorrectly recorded transactions
- •Problems caused by software migrations or previous bookkeeping work