Law Firm Accounting & Tax Advisory

This client’s practice software (Clio) was not properly syncing with their accounting system, creating “accounting spaghetti” and making it challenging to accurately track client matters and funds. We’ve facilitated proper reconciliation and matching of fund balances by client matter between the law practice management software and QuickBooks Online so they can clearly view their expenses and income, as well as their client matters. In addition to trust accounting, we provide monthly bookkeeping, handle city licensing and registrations, assist with 1099s, and consult on tax-related notices that the client receives from state and federal agencies.

When this company came to us in 2019, it was struggling to track revenue and profitability for its hotel construction, hotel management, and various other LLCs, partnerships, and S corporations within a single entity. While this impacted financial visibility and efforts to obtain business loans from banks, we have since resolved this lack of financial visibility. We currently provide monthly and quarterly accounting for managed hotels and business entities, manage accounts payable and accounts receiveable, prepare financial statements, provide managerial reporting, and liaise with banks during business capital efforts.

This organization’s controller had improperly implemented QuickBooks Online and BILL, resulting in year-to-date books that were wildly inaccurate. We provided bookkeeping cleanup, audit preparation services, and trained accounting team to manage day-to-day accounting tasks. Client has since passed many audits successfully. We now provide monthly review, data entry assistance, and consultation.

This nonprofit receives grant monies to assist the homeless in various regions throughout California through downpayment assistance, supplies, and housing development projects. We provide grant allocations, grant reporting, budgetary development, accounts payable setup and review through BILL, and accounts receivable assistance for grantor invoicing. The end result of these services is that this organization has clarity on amounts for grant proposals, understands and can report on the expenditures related to grantor monies, and has audit-ready A/P and A/R processes.

We helped this organization migrate from QuickBooks Desktop to QuickBooks Online and currently handle all bookkeeping duties following a staff retirement. Beyond bookkeeping services, we assisted this client with setting up and supporting a BILL implementation to improve audit readiness related to accounts payables.