Accounting for Attorneys

In the world of law, your books should feel like a steady hand on the wheel, not a mystery novel filled with plot twists. Yet for many attorneys, their financials spark more questions than confidence. Whether you're a solo just opening your doors or a multi-partner firm with layers of complexity, the signs of trouble often look the same: sleepless nights, nagging doubts, and that quiet, persistent feeling that something in the numbers simply isn't right.

Here’s what every law firm should know.

1. Your Trust Bank Balance Doesn’t Match Your Trust Liability

This is the red flag of all red flags.

If the number on your balance sheet doesn’t match the trust bank balance, down to the penny, something is wrong. It might be timing. It might be user error. It might be workflow. Or it might be a deeper issue entirely.

But it should never be ignored.

Accurate trust accounting isn’t optional; it’s a professional responsibility. And when things drift out of alignment, most attorneys feel it in...