Trust account (IOLTA) reconciliation
Client funds must be tracked to the penny and kept separate from operating money. We keep the records and reconciliations; your firm stays responsible for following your bar's trust account rules.
Industries · Law Firms
Accounting & Tax Services for Law Firms in Northern Virginia
Trust accounts reconciled, books closed every month and taxes planned ahead, so your attorneys can focus on clients instead of the numbers. We make sure every client payment is recorded to the right trust or operating account. We support solo practices and small firms across Northern Virginia, DC and Maryland from our base in Ashburn.
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Trust account review
- Bank statement reconciled
- Trust (IOLTA) ledger updated
- Client ledgers matched
- Operating and trust funds kept separate
Trust bank account reconciled monthly. Three way reconciliation available as an add on.
Why law firm accounting is different
The financial challenges law firms face
Legal practices handle client money, uneven cash flow and partner payouts that general bookkeeping often gets wrong. Mistakes here can mean more than a messy report.
Uneven cash flow
Contingency matters, retainers and slow paying clients make it hard to know what is really available to spend.
Partner pay & distributions
Owner draws, guaranteed payments and profit splits need clean books and smart tax planning.
Case costs & advanced expenses
Filing fees, expert costs and other client expenses must be tracked by matter so they are recovered.
How we help
See pricing
Accounting services for law firms
Monthly bookkeeping & trust reconciliation
Categorized transactions, monthly close and trust account reconciliations so your records stay accurate and audit ready.
Accounting & BookkeepingBookkeeping cleanup & catch-up
Behind on the books or trust records? We reconcile past months and get your firm current.
Cleanup & Catch-upBusiness tax preparation
Returns for law firms structured as LLCs, partnerships, S corps and PLLCs, filed on time.
Business Tax PreparationTax planning for partners
Plan owner pay, distributions and estimated payments to lower what your partners owe.
Tax PlanningPayroll for attorneys & staff
Accurate payroll runs and payroll tax filings for associates, paralegals and support staff.
Payroll ServicesQuickBooks Online setup
A chart of accounts built for legal practice, set up by a QuickBooks Online ProAdvisor.
QuickBooks Online ProAdvisor
Why firms choose us
A finance partner that understands legal practice
With over 30 years of combined experience, our team keeps your firm's books accurate, compliant and ready for tax season. Learn more about our firm.
Confidential by default
Secure document sharing and strict privacy for your firm's financial data.
Flat monthly pricing
Plans start at $395 a month, with no hourly surprises.
100% remote
Work with us from anywhere in Virginia, Maryland or DC.
A dedicated contact
One person who knows your firm and answers within one business day.
From our blog
Helpful guides
IOLTA Trust Accounting for Virginia Law Firms: Rules and Reconciliation
IOLTA trust accounting for Virginia law firms: Rule 1.15 basics, three way reconciliation, client ledgers, record keeping and common trust account mistakes.
Cash vs Accrual Accounting: Which Method Is Right for Your Small Business?
Cash vs accrual accounting explained with examples: how each works, the 2026 IRS $32 million test, taxes, switching methods and QuickBooks Online tips.
How to Pay Yourself as a Business Owner: Owner’s Draw, Salary and Distributions
Owner draw, guaranteed payments, S corp salary and distributions: how to pay yourself from an LLC, partnership, S corp or C corp, and how each is taxed.
FAQs
Law firm accounting questions
Can you reconcile our IOLTA trust account?
Yes. We reconcile your trust bank account every month as part of monthly bookkeeping. If you want a three way reconciliation, matching the bank statement, your trust ledger and each client's ledger, we offer it as an add on and flag anything that does not match so it can be fixed quickly.
Do you work with solo attorneys and small firms?
Yes. Many law firm clients are solo practices and small firms that want reliable books without hiring an in house accountant.
Do you offer legal bookkeeping for small firms?
Yes. Our law firm bookkeeping covers operating and trust accounts, client cost tracking and monthly reports for solo attorneys and small firms.
How much does accounting for law firms cost?
Monthly plans start at $395 and depend on your transaction volume and number of accounts. See our pricing page for details.
Can you help if our books are behind?
Yes. Our bookkeeping cleanup and catch-up service gets past months reconciled before we move you to a monthly plan.
Do you work with law firms outside Ashburn?
Yes. We work remotely with clients throughout Northern Virginia, Washington, DC and Maryland.
Serving law firms across Northern Virginia
From our Ashburn office, we work remotely with law firms in Ashburn, Leesburg, Reston, Herndon, Tysons, Fairfax, Arlington and Alexandria, as well as Washington, DC and Maryland.