This article will help you become familiar with accounting and general money movement for law firms. Whether you're an accountant who just started working for a law firm, or you have a remote bookkeeping business and want to specialize in this industry, it helps to be familiar with some of the processes. This will be … Continue reading Overview of Accounting for Law Firms
Accounting entries for Trust accounts
This article will review basic accounting concepts for Trust/Escrow/IOLTA bank accounts. These are bank accounts that hold funds on behalf of someone else, such as an attorney holding funds in the form of a retainer from a client, or an attorney holding money for a property purchase. There may be some differences between Trust, Escrow … Continue reading Accounting entries for Trust accounts
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