ARTESANI ACCOUNTING

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Law Firm Budgeting

 

We are in mid-tax season. As an attorney, you might look at your records and bottom line and think….

“where did all the money go?”

Maybe you ask your tax professional, and they go into depth ...

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Top Do’s and Don'ts on IOLTA Accounts for Law Firms

The interest on a lawyer's trust account, commonly known as IOLTA, is one of the most mysterious accounts in attorney's chart accounts. Yes, we know it's a bank account; we know that there's interest,...

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Attorney Books: Using No Status

 One of the things I love about collaborating with other accountants and bookkeepers is learning new trade tricks.

The last few weeks have been narrowly focused on how to clean up your client files. ...

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Lawyer Bookkeeping: Unapplied Cash Payment Income/Expense

 

 Let me paint the picture. You are doing your accounting records for your law firm. You send the tax professionals the financial documents that they requested. The tax professional contacts you and...

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Attorney Books Comparison Reports

What processes are best for the year-end cleanup of your books?  We already reviewed using the books review feature in QuickBooks, which is a great start.  This is a task I perform on client files, ty...

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Year End Processes Balance Sheet

 

Closing out the books for your law firm client with QuickBooks is a topic I thought would be timely to explore.


There are a few things I like to do at year-end for my clients, just to get their fi...

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Data Migration for Law Firms

 

 Some data migrations are more complex than others and it’s also probably safe to say that a law firm migration will usually lean towards being at least moderately hefty, (if not a full-on King Kon...

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Selecting the Entity Type

There are several types of entities that we typically see law firms drawn into. In the US, they are taxed differently, and it is important to be aware of this when considering your law firm’s str...

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Importing your Open Trust Client Liability Accounts into QuickBooks

Continuing with my series on QuickBooks Online for attorneys last week we jumped into starting a brand new file and adding a law-specific chart of accounts. This week it's all about importing a list o...

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