At Bandwidth Bookkeeping Services, we specialize in managing the intricate bookkeeping needs of law firms and legal professionals using QuickBooks Online.

Law Firm Bookkeeping Services

Choose us to transform your financial management with solutions that understand the legal landscape, optimizing your practice's performance and compliance.

Trust Account Management: Maintain rigorous standards for IOLTA compliance and client fund segregation.
Client Cost Accounting: Track and bill client expenses accurately..
Ongoing Maintenance: Keep your financial records impeccable with a monthly maintenance package.

Our process is transparent and streamlined, from your initial free consultation to regular monthly reports. We start by understanding your specific needs and setting up your systems, followed by regular upkeep.

Trust Account Management

Ensure your IOLTA bank account is setup correctly, the matching liability account established and transactions are coded correctly.

Cost Efficiency

Our pricing packages are designed to avoid the year end clean up fiascos and correct any errors in the time period they occur.

Monthly Financial Reports

Preparation and review of monthly financial reports helps you stay on top of your business.

Benefits of Working with Bandwidth Bookkeeping

Frequently Asked Questions

What experience do you have with law firm bookkeeping?
- Our team is proficient in managing IOLTA accounts and setting up and maintaining your Quickbooks Online account.
How do you ensure confidentiality and security of our financial information?
- Confidentiality and security are our top priorities. We use encrypted data storage and secure cloud services to protect all financial information.
Can you handle both the bookkeeping and tax preparation for our law firm?
- Our services focus on bookkeeping and preparing financial statements for your tax preparer. We work with your existing tax preparer or CPA to ensure your financial records are accurate for your tax return. Our monthly packages help keep your records updated throughout the year making the tax preparation process smooth and efficient.
How do you manage trust accounts and ensure compliance with state bar guidelines?
- Managing trust accounts requires meticulous attention. We work with you side by side to review all trust transactions and ensure that they are recorded accurately. We reconcile the monthly statements helping you stay on top of account management.
What is your process for setting up bookkeeping for a new law firm client?
- Our process begins with a thorough consultation to understand your needs and existing systems. We then recommend an appropriate plan and set up your chart of accounts. Regular check-ins and reports are part of our monthly packages.
How frequently will we communicate about our financial status?
- All our packages include monthly financial reports. We are available for consultations as needed. However, we can adjust the frequency of our communication and reporting to match your preferences and ensure you always have a clear picture of your financial status.