Whether you are starting a new law firm or have found yourself spending too much time keeping your books clean, Abacus Advisors can provide a comprehensive bookkeeping solution. Through technology we are able to keep your books up to date in order to monitor cash flow, IOLTA accounts and Client Expenses. There is too much to risk by not keeping IOLTA accounts reconciled and segregated by client.
Additionally when Client Expenses are not properly tracked, they are likely not always going to get reimbursed upon settlement. We understand law firms and have standard accounting procedures that have been optimized over many years that we implement. Our ultimate goal is to assist our clients in using their financial statements as a business tool beyond keeping track of their income tax liability.
-Credit card transaction entry and reconciliation
-Payroll processing and recording
-Bill Pay (payment of vendor invoices and client expenses)
-IOLTA Account reconciliations
-Client Expense reconciliations