Tired of generic accounting advice that doesn’t fit your law firm?
We Get It.
And We Can Help.
Strategic Accounting Services for Law Firms
Don't waste your valuable time on accounting, bookkeeping, and finances... Give yourself time to do what you do best -- go out and get more clients!
As a growing law firm, you need accurate financial management. Our team of experts offers specialized accounting services and support, such as handling IOLTA and trust accounting.
Keep Your IOLTA Accurate
Law firm accounting must be tightly calibrated to properly manage retainers. Your clients expect it, and so do regulators. We will be your knowledgeable and practiced partner to make sure your stay in compliance and treat your clients right.
Accurate Bill Rates
Are your bill rates too low (or too high)? There is a science to figuring out how much you should charge your clients. Our expert CFOs can help figure out a strong bill rate for each level of staff in your firm so you can ensure that every case will result in a profit.
Bookkeeping for Law Firms
Our team of experts provides full-service bookkeeping, including one-on-one guidance to answer your questions and help you learn. We ensure that you always have high-quality financial data at the ready to inform important organizational decisions.
Attorney Invoicing Services
Managing invoices for client accounts is a complex task for law firms; doing this right takes a trained and patient pro. Our team helps you ensure you're invoicing properly by carefully applying your clients' retainers against invoices.
Client Retainer Cleanup
Our team of experts can clean up your IOLTA accounts and provide clear schedules on whose money is still being held in the retainer. We can help transfer funds from IOLTA accounts to general operating accounts, as needed.
Accept Credit Card Payments
It's essential to follow regulations when accepting electronic payments from your clients. You can't allow chargebacks or merchant fess to your IOLTA trust accounts. We can help you identify and set up complaint electronic payment systems so you can get paid more quickly and efficiently.
Accurate Time Tracking System
To accurately bill your clients, you need to track the time of multiple employees, each at a different billable rate, when you have a team working on a case. Let us help you set up an easy-to-use time tracking system. We'll even help you get those invoices out the door.
Bank Reconciliation
Identify lost checks and deposits or unauthorized wire transfers.
Detect and prevent embezzlement of funds.
Track business growth and manage cash effectively.
Protection from bank errors, fraudulent checks, and other financial crimes.
Income Statements
Regular profit/loss statements for tracking operating costs.
Understand over/under areas in the budget.
Identify specific problem areas to maintain profits.
Track increases in product sales or returns as a percentage of your sales.
Determine your current tax liability
General Ledger Management
Set up a general ledger system.
Identify problems with your current ledger system.
Eliminate discrepancies and maintain accurate records for your business.
Balance Sheets
Snapshot the financial health of your business at any time.
Identify and analyze trends in receiving and payables.
Prepare balance sheets and income statements for reporting to potential lenders and investors.
Protection from bank errors, fraudulent checks, and other financial crimes.
Plus...
Unlimited consultations.
Payroll management.
And more beneficial-to-your-business services.
Focus on winning for your clients while we keep your firm’s finances organized and compliant.
What others are saying
"Freed me up to Focus on my Business"
“CFO Services Group has freed me up to focus on my business with confidence that my company’s finances are being taken care of. They proactively keep my books up to date and keep me in the loop on the items that need my attention. They’ve also taken on reliably managing my payroll, keeping my workers’ comp up to date, and coordinating directly with my CPA at tax times. I’d highly recommend them to other businesses!”
– Van G.
Technology & Strategy Firm
"A Trusted and Valued Business Partner"
“We have had a relationship with CFO Service Group for a few years and, during that time, we have received excellent service. MY CFO account manager has consistently provided reliable insight and guidance on how to grow our business. They are a trusted and valued business partner!”
– Carolina H.
Event Planning (Small Business)
"Keeps us Organized and on Track"
“As a small business owner with many responsibilities, Manny has been invaluable to me. He keeps us organized and on track with our finances so we can focus on what we do best.”
– Alex H.
Video Production (Small Business)
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