Law Firm Accounting & Bookkeeping
Looking for a law firm accounting and bookkeeping solution tailored to your legal practice? At MB Accounting, we manage your books, so you can focus on advocating for your clients and delivering justice.
How MB works with eCommerce businesses
Scale your eCommerce business, while we handle your numbers. From bookkeeping to tax prep and filing, MB is your trusted partner.
No Overcharging
Easy Expertise Access
Stress-Free and Tax Ready
Why Law Firms Choose MB for Their Law Firm Accounting and Financial Management
Expert Support Whenever You Need It
– We consistently deliver timely law firm accounting updates designed specifically for legal practices, ensuring your financial records are always accurate and compliant.
– Got an urgent question? Our team responds to inquiries within one business day or less, keeping you informed and stress-free.
– Need immediate assistance? We offer dedicated channels like Slack, Teams, or text for fast and reliable communication.
Accuracy and Reliability You Can Count On
– MB ensures your books are closed within 10 business days every month, so you never fall behind.
– We integrate seamlessly with tools like Clio, QuickBooks, and other platforms commonly used by legal professionals.
– Want strategic advice tailored to your legal practice? Let us help pinpoint ways to save money and optimize your financial management monthly.
We integrate with the best software
Hear It From Those Who Know Us Best
We know bookkeeping for Law Firms
At MB Accounting, we know that attorneys face specific challenges, such as managing client trust accounts and handling the complexities of variable income streams. Managing finances, tracking billable hours, and staying compliant with tax regulations shouldn’t take time away from what you do best—providing top-notch legal representation. That’s why we offer bookkeeping solutions tailored to the needs of your profession.
Our approach combines intuitive software with real, human bookkeepers who are well-versed in the intricacies of legal practice finances. Whether it’s trust accounting or categorizing expenses for CLE (Continuing Legal Education) credits, our team ensures that every transaction is accurately recorded, categorized, and optimized for tax season. From deductions like bar association fees to navigating tax rules around legal retainer accounts, we’ve got you covered.
When you partner with MB Accounting, you gain more than just bookkeeping. You gain peace of mind knowing that your financial records are in the hands of experts who understand your profession inside and out. Let us take care of your books, so you can focus on winning cases and serving your clients.
Fair and Transparent Pricing Plans With No Hidden Fees
Join over 500 businesses that decided to trust MB Accounting Group
Frequently Asked Questions
What specific expenses can law firms deduct on their taxes?
Law firms may be eligible for various tax deductions, including office rent, legal research tools and software, bar association dues, marketing and advertising costs, employee salaries, CLE (Continuing Legal Education) expenses, and client-related travel expenses. Working with a professional bookkeeper ensures that your firm maximizes deductions while staying compliant with tax regulations.
How can proper bookkeeping help law firms manage income and expenses?
Bookkeeping ensures that your firm’s financial records are accurate and well-organized, making it easier to track billable hours, manage client trust accounts, monitor expenses, and prepare for growth. For law firms, maintaining proper financial records also helps ensure compliance with ethical and regulatory requirements while streamlining tax preparation.
What types of financial records should law firms maintain?
Key financial records for law firms include client trust account ledgers, payroll records, expense receipts, tax documents, detailed billing records, and accounts receivable reports. Keeping these records organized supports compliance, financial transparency, and effective decision-making.
How can MB Accounting’s services help with the unique financial needs of law firms?
At MB Accounting, we specialize in bookkeeping services tailored to the unique needs of law firms. From tracking client trust transactions to creating financial statements and monitoring profitability, our team ensures your financial records are accurate, compliant, and up-to-date, so you can focus on running your firm.
Will my law firm have a dedicated bookkeeper at MB Accounting?
Yes! Your firm will have a dedicated bookkeeper who serves as your primary point of contact and understands the specific financial needs of law firms. In rare cases, such as vacations or illness, another team member will step in to ensure continuity.
How much time will my law firm need to spend each month managing our MB Accounting account?
Our goal is to reduce the time your team spends on bookkeeping. On average, your firm will spend about 15 minutes per month responding to questions or uploading documents, freeing your attorneys and staff to focus on client advocacy and growing your practice.