QuickBooks Online For Attorneys
WELCOME TO …..
ACCOUNTING PROCEDURES FOR LAW FIRMS AND SELF-EMPLOYED ATTORNEYS
Accountants and Auditors of law firms will benefit the most by learning how to fulfill the required financial record keeping of a law firm. This course will show you exactly what authorities, statutes and legal industry publications require for law firms across the country. Why not learn this Why not learn this while mastering the most common and popular accounting software, “QuickBooks Online” ?
No Prior knowledge of law, accounting or QuickBooks Online is necessary. When you finish, you will be at an expert level of QuickBooks Online; specifically, about how to use it for law firm’s financial record keeping and reporting.
Now, Accountants servicing a law firm can easily apply what they lean here to set up the law firm on the account system of choice and properly train the bookkeeping staff on all data entry procedures, so that the law firm’s record keeping requirements are fulfilled. This will ensure that their records are in line with the State Bar Association requirements for law firm record keeping and the statutory requirements that each state places on law firms.
The “Base” of the record keeping rules should be Accepted Accounting Principles.” But, in addition to that, we should include the additional requirements set forth in each state’s statutes AND each states bar association, so the concepts listed above and be adhered to.
We use New York State AND California as our 2 example states and rest assured, your state, for any issue addressed here, is either similar or exactly the same.
Statutes and Regulations for law firm financial records and reports are extremely similar from state-to state. There is no specific “uniform act” that officially makes them similar. However, they are all based on the concepts of full disclosure, common sense, and the need to protect clients from rouge attorneys.
