QuickBooks bookkeeping for law firms

The firm's general accounts, kept in QuickBooks

Our work covers money the firm holds in its own name. Client money held in trust sits outside it.

• A class for each practice area, such as family, property or commercial work, where your QuickBooks plan has class tracking, so fee income and the costs tied to each area can be reported separately
• Invoices from counsel, process servers, medical report providers and other third parties recorded as bills on arrival, each noted with the matter it relates to
• A monthly list of unpaid supplier bills setting out which of those bills are due and how long each has been waiting
• Amounts transferred from trust when trust money is applied to a fee invoice, matched to the invoice they pay using the transfer record from your trust accounting system
• The firm's general bank accounts and cards linked to QuickBooks by Open Banking if your bank supports it, with the trust account kept off the feeds
• Each general account and card reconciled in QuickBooks with its statement, and every difference explained, whether it's a cheque not yet presented, a posting error we correct or a bank mistake we take up with the bank

Businesses by main state or territory

These counts are for the ANZSIC class Legal Services, which also covers barristers and conveyancing services, so they describe a wider group than law firms.