Law Firm Bookkeeping Resources
IOLTA trust accounting, partner distributions, matter-based billing, and compliance resources for law firms of all sizes.
Start Here
Law Firm Bookkeeping: The Complete Financial Management Guide
Complete guide to law firm bookkeeping — IOLTA trust accounting, partner distributions, billing models, KPIs, and when to outsource. Built for managing partners.
Read the full guideGuides & Articles
IOLTA Trust Account Reconciliation: Step-by-Step
Step-by-step guide to IOLTA trust account reconciliation for law firms. Three-way reconciliation, common violations, and compliance best practices.
Partner Distributions and Equity Tracking
How to track partner distributions, equity, and K-1 preparation for law firms. Covers eat-what-you-kill, lockstep, and hybrid compensation models.
Matter-Based Billing vs Flat Fee Accounting
Compare matter-based billing and flat fee accounting for law firms. Revenue recognition, WIP tracking, realization rates, and which model fits your practice.
7 Financial KPIs Every Managing Partner Should Review
The 7 financial KPIs every law firm managing partner needs to review monthly. Benchmarks, formulas, and red flags for realization rate, collection rate, and more.
Law Firm Accounting: Cash vs Accrual Basis
Cash vs accrual accounting for law firms — tax implications, IRS requirements, and which method fits your firm size. Includes conversion guidance.
Best Software for Law Firm Bookkeeping in 2026
Compare the 8 best law firm bookkeeping software platforms in 2026 — Clio, CosmoLex, QuickBooks + LeanLaw. Includes IOLTA trust accounting compliance, pricing breakdowns, and specific recommendations by firm size.
Tools & Calculators
Latest News
California Mandates 'Designated Licensee' for All Trust Accounts as of January 1, 2026
Effective January 1, 2026, new requirements under Business and Professions Code section 6091.3 and rule 2.5 of the Rules of the State Bar will apply to all...
Three-Way IOLTA Reconciliation Now Mandatory in 12 States — Firms Have 90 Days to Comply
Twelve state bar associations have adopted a uniform IOLTA compliance standard that cuts the monthly reconciliation deadline from 45 days to 30 and mandates...
Learn about our services for this industry
Pricing, service details, and FAQs