Law firm bookkeeping and accounting

How It Works

If you run a law practice, your time is valuable.

Partners want to spend their time on billable client work, developing client relationships and growing the firm. But too often, back-office tasks get in the way.

With BooksTime, you get unlimited access to a dedicated bookkeeper with expertise in law firms’ specific bookkeeping needs – so you can focus on what you do best.

Small firms get a responsive, highly-qualified professional who is always available to provide one-on-one support. Large firms looking to outsource their entire accounting department get a team of dedicated BooksTime bookkeepers (as many as needed), supervised by a dedicated Controller.

5 ways BooksTime eliminates hassles for lawyers:

1. Save time, so you can focus on working with clients and generating revenue.

2. Get paid on time, thanks to full-service accounts receivable management.

3. Maintain compliance with trust account regulations.

4. Ensure your CPA receives accurate financial reports in time for tax season.

5. Easily track the metrics that matter most for your firm, such as utilization, realization, matters per client, average fee per matter, and many more — without pulling data from different systems and diving into complicated Excel spreadsheets.

BooksTime Services

Your BooksTime bookkeeper can serve as an outsourced bookkeeper and/or controller.
Services include:

Bookkeeping and Month-End Close

IOLTA / Trust Account Reconciliation

Invoicing and Accounts Receivable Management

Bill Pay, Expense Tracking and Payable Management

Payroll Administration, Contractor Payments & 1099s

Financial Statements and Reports

Budgeting, Trend Analysis, and Cash Flow Forecasts

Forensic Bookkeeping Projects

Set-up, Catch-up and Clean-up

Don’t see what you’re looking for here?

Give us a call to get a personalized proposal:
888-90-BOOKS

Why Law Firms Love BooksTime

Clients consistently rate their BooksTime bookkeepers 5 out of 5 stars. BooksTime’s customer service is second to none. We’re so confident you’ll love the service that we offer a Satisfaction Guarantee.

Highly Qualified Team

Your dedicated bookkeeper will generally have between 10 and 30 years of experience, with relevant degrees and other qualifications such as a CPA license, MBA, and/or ProAdvisor certification. Your BooksTime bookkeeper will have knowledge of law practice accounting requirements and will have experience working with similar businesses.

Affordable Pricing

BooksTime’s mission is to make the high-quality bookkeeping services that big businesses are used to affordable for small businesses. We guarantee that our rates are the lowest you’ll find. Click here for pricing details.

Peace of Mind

Bad bookkeeping can flag your firm for an audit by the IRS or the Department of Labor, or lead to scrutiny from the State Bar. Small mistakes can lead to huge penalties. With BooksTime, you can rest assured that your financial records are being kept correctly and in accordance with relevant laws and codes (for legal details, see our engagement letter).

Bank-Grade Security

Protecting your data and your client’s data is our top priority. Our best-in-class data security measures far exceed all state and federal regulatory requirements and are informed by AICPA privacy guidelines. BooksTime recognizes that businesses — especially law firms — cannot afford to take risks when it comes to data security. As a company co-founded by a cybersecurity expert, security is in our DNA.

Compare BooksTime To Alternatives

Who takes care of the bookkeeping right now?

If you are currently doing the bookkeeping yourself:

Partners at law firms tend to prefer to delegate this task to save time. Think about what you could do with a few extra hours per month!
Small mistakes can lead to big tax and compliance issues. Firms that don’t use a properly trained bookkeeper can easily run into costly problems. With constantly changing laws and rules, a qualified professional can give you the peace of mind that your books are in good hands.
With an expert bookkeeper, you’ll receive clear, helpful reports that help you keep track of your business and understand your income, expenses and profitability.

If the accountant who handles your taxes is also doing the bookkeeping:

Preparing tax returns requires more qualifications than doing the monthly bookkeeping. Therefore, people who prepare tax returns are almost always far more expensive than people who do bookkeeping. With BooksTime, you’ll save money on your monthly bookkeeping.

If another company takes care of the monthly bookkeeping:

Unlike many other firms, BooksTime has developed a specialized service for law practices and has a team of accounting professionals with special expertise in this industry.
Bookkeeping firms often take days (or even weeks!) to reply to client questions and requests. BooksTime is committed to a 1-business-day response time maximum.
Other accounting and bookkeeping firms are typically much more expensive than BooksTime. BooksTime has a Best Price Guarantee, so you can be assured that you’ll save money by switching to BooksTime.
Many small firms don’t have the security infrastructure necessary to adequately protect client data. As a company co-founded by a network security expert, we have security in our DNA. Client data is protected with industry-leading security technology, rigorous personnel screening and monitoring, and strict compartmentalization policies.
Many large firms treat small clients as you would expect a big company to treat a small client. At BooksTime, our focus is on serving small businesses. We are committed to maintaining a personalized approach and building relationships with each and every client, no matter their size.

Software Expertise

No matter what software you use for your law firm, we’ve got you covered. BooksTime can offer bookkeepers with expertise in any of the following, among others.

Don’t see your software listed here?

Our team can offer expertise in 20+ types of software commonly used by law firms. Get in touch to check if we have expertise in the software you use:
learn.more@bookstime.com

Getting Started Is Easy

The onboarding process is fast, simple, and hassle-free.

Click here to schedule a 15-minute introductory call.

We’ll call you at the time you choose to go over your needs and provide a personalized service proposal.

If we decide to work together, we’ll assign you a dedicated bookkeeper who specializes in your industry. Your BooksTime bookkeeper will be available whenever you need via video-conference, phone, or email.

All monthly services start with a 100% Risk-Free Trial. We guarantee your satisfaction or your money back.