Accounting Services For Law Firms
Full-service accounting services for law firms who want to grow their firm.
Schedule a FREE 15-minute discovery call with one of our CPAs.
We handle your law firm bookkeeping so you can do more billable work
As your law practice grows, you’ve likely discovered that routine bookkeeping tasks steal billable hours from your practice. Between advising clients, interviewing witnesses, and litigating court cases, your daily schedule is maxed out.
Whether you’re an attorney or lawyer, managing your law firm’s finances can be exhausting. Just like pro se legal representation, doing your own bookkeeping can lead to mistakes and costly errors.
Our team of accounting professionals, bookkeepers, and CPAs help you gain more billable hours by helping you manage cash flow, track and organize your legal practice’s income and expenses, and use meaningful financial reports to make profitable decisions for your law practice.
Benefits of our accounting services for law firms
Get a team of trusted accountants and bookkeepers
Our experienced bookkeepers have helped numerous local law practices and small business owners manage their cash flow, track income and expenses, and understand where their money is coming from and going with meaningful financial reports. We’re among the top-rated accounting companies in Fresno, California, because we make sure each client receives enormous value from our accounting, bookkeeping, and tax services.
Time and money saved for your law firm
Outsourced accounting and bookkeeping services help your law practice save time and money related to hiring and maintaining an in-house accountant or bookkeeper on a full-time or part-time basis. Many of our clients have reported significant financial savings that would usually be spent on wages, perks, office space and equipment, and operating expenses.
A scalable option for your legal practice
As your business grows, our accounting firm will be right alongside you. We’ll make sure that your financial records are organized, and meaningful financial reporting is in place. We’ll help you monitor relevant key performance indicators (KPIs), and help you develop growth strategies that build profit for your legal practice.
A holistic approach to your law firm’s finances
Our CPA firm provides a well-rounded solution to manage your firm’s financial growth successfully. We provide a range of services, including tax preparation, QuickBooks services, accounting services, bookkeeping, and virtual CFO services. By combining these areas of expertise into one service, our services have a synergistic effect on your legal practice.
Partner with an accounting firm that cares about data security
Data breaches continue to negatively impact businesses and small law firms throughout the U.S. Our CPA firm uses QuickBooks® for law firms because of its bank-level encryption and security features and role-based access controls. We implement two-factor authentication (2FA) for login credentials and routinely engage cybersecurity professionals to assess our firm’s security posture. We’re committed to protecting the financial data that our clients entrust to us.
Our team of accountants, CPAs, and bookkeepers help you:
Organize your bookkeeping for better financial reporting
As an attorney, you understand that the smallest details can have a big impact on the outcome of a client’s case. Just like a court case, our bookkeepers rigorously review our clients’ financial statements and bookkeeping to make sure your financial records are accurate and error-free. For any law firm, bookkeeping that’s precise and organized is critical to well-informed growth strategies
Use QuickBooks® as your legal accounting software
With rich financial reporting capabilities, bank-level encryption and security standards, and robust accounting features, QuickBooks® is the perfect accounting software for law firms who want to streamline their bookkeeping. QuickBooks® also supports custom integrations for legal practice management software like Clio, TimeTracker+Legal, and LeanLaw. Whatever your firm’s needs, our ProAdvisors will help you grow your firm using either the latest version of QuickBooks® Desktop or QuickBooks® Online.
Effortlessly manage accounts receivable
Our accountants and bookkeepers improve your cash flow management by preventing overdue client payments or payment avoidance. We categorize income and expenses and tag all financial transactions for each business bank account. Our bookkeepers will also look at your legal practice’s chart of accounts and financial statements, including your balance sheet, income statement, statement of cash flows, and statement of owner’s equity.
Support critical decisions with KPI-focused accounting
Our experienced legal accountants help you make profitable decisions for your firm by providing meaningful reports that help you measure relevant key performance indicators (KPIs). As part of our CPA firm’s financial reporting, we provide cash flow projections, profitability analysis, cost variance analysis, and business budget variance analysis, as well as other types of financial reporting.
Process accounts payable with solid internal controls
To help you pay suppliers, vendors, and employees on time, our CPAs and accountants will help you set up a comprehensive set of internal controls. This ensures that all payments going out of your law firm are properly authorized and accounted for by the appropriate personnel.
Increase tax savings with our tax planning services for law firms
During tax season, we’ll provide you with tax prep and file all of your firm’s tax forms and returns on time. As part of our tax services for law firms like yours, our team of tax professionals will also help you develop a tax planning strategy that maximizes tax credits and tax deductions for your law firm.
The MBS difference
- Modern technology
- Authentic relationships
- Proactive insights
At MBS Accountancy, we LOVE technology. We use technology to streamline time-wasting tasks like receipt entry and invoice filing. Integrating technology lets us focus spotting opportunities for your business to cut expenses, grow your profits, and avoid penalties.
We like to say that we work with people, not numbers. While we’re passionate about accurate numbers and error-free balance sheets, we focus on using this financial data to help you make better business decisions.
Tax laws and regulations change. A lot. Because we automate repetitive tasks, we can stay on top of regulatory changes and industry trends and advise you on the best course of action for your business.