2020 has been a difficult year for everybody, and that isn’t up for debate. However, when something exciting happens, we should all take a moment to stop and celebrate it.
Legal Ease Bookkeeping has great news, and we invite all of you to join us in celebrating 
. Legal Ease Bookkeeping has been approved as a vendor for How to Manage a Small Law Firm. Our founder, Brandy Derrick, is honored to have had an external third party review the processes and quality of bookkeeping done by the team at Legal Ease, and be approved. This prestigious honor isn’t something you can buy but instead must earn.
How to Manage a Small Law firm members are now eligible for a free review of their books. This involved an in-depth look at that law firm’s books, and a review for errors.
The critical errors that Legal Ease most often finds involve lost money for the law firm. Because Legal Ease only does bookkeeping for lawyers, we know the specific errors that are most common, which other bookkeepers, or even CPAs, might not know to specifically look for.
If you’re a lawyer who manages trust accounts, then we highly recommend signing up for a free review of your books.
We commonly find errors in the accounting of trust accounts with consequences from overstating income, and therefore overpaying in taxes, to having errors in the trust account amount which could potentially result in disbarment. These are unintentional errors that Legal Ease can help your law firm avoid.
Not all problems that we find in a bookkeeping review are that serious. Many times they are something that is frustrating, but not critical. Nonetheless, it is important to have accurate bookkeeping. For example, the proper naming of vendors allows us to run accurate reports for your expenses. Once we have vendors named accurately, it is easy to see when a vendor might have raised a price without telling you, or if there is a recurring payment still being charged that should have been canceled.
One more thing that we check when reviewing a small law firm’s books is if the data in QuickBooks can be trusted. This is incredibly important, because if the numbers can’t be trusted then you aren’t able to run accurate reports to get an understanding of how the law practice is performing. We do this by checking if the accounts are reconciled correctly between QuickBooks and the law firm’s bank accounts. There are instances when the accounts are reconciled, but still not accurate. An example of this is when there are a large number of uncleared digital transactions. When this happens, there could be duplicate transactions in your records, which can create errors in the profit of the business.
The nice thing about a Legal Ease Bookkeeping review, is that there is no downside. If we find no errors, then you can be confident in your bookkeeping and focus on your firm. If we do find errors, then we can work together to create a plan to fix them before a larger problem arises.
If you are a member of How to Manage a Small Law firm, and you want to sign up for your free review today, please book some time on my calendar here: https://calendly.com/legaleasebookkeeping/
If you’re interested in knowing more about Legal Ease Bookkeeping, and how we can help your law firm, then please send us an email or call 469-751-2150.
