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Increasing Profitability Through Better Records

Decisions about a firm’s future development are based on clear and reliable financial information. Law firm bookkeeping helps make informed decisions about when to increase the team, invest in new technology, or expand the range of services. Professional management turns all financial data into clear indicators that allow management to determine development directions and prepare to face new challenges. The hours spent dealing with financial and legal matters could be better spent preparing for court cases and working with clients. By entrusting bookkeeping for law firms to the experienced specialists like BooksTime, your staff may focus on their primary responsibilities. Delegating such tasks often leads to increased productivity and higher earnings.

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Ms. Santora has represented clients in hundreds of arbitrations and mediations. She is very well-liked by her clients and works closely with them to achieve great results wherever possible. Ms. Santora is also skilled in the crucial aspect of coordinating liability and health insurance benefits. In particular, she is well-versed in the handling of Medicare liens post settlement. She was admitted to the Massachusetts bar in 1999 and one year later was admitted to the U.S. We delivers accurate, up-to-date, and tax-ready books each month.

Billing and Accounts Receivable

Internally, staff lose valuable time resolving errors instead of focusing on client needs, affecting morale and productivity. We pool the talent of lawyers from across the firm’s practices to ensure you get the right team for your job. We dig deep to understand our clients and their industries in order to deliver solutions and value.

• She is very well-liked by her clients and works closely with them to achieve great results wherever possible.
• Over time, these improvements increase profitability and strengthen the organization’s financial stability.
• Over time, our satisfied customers referred their own clients and fellow professionals to us.
• Once bookkeeping workflows achieve consistency, invoices go out promptly, revenue collection accelerates, and top management gains an accurate picture of available finances.
• Together we’re recalibrating what it means to work with a law firm.
• I am grateful to have found Aenten for my bookkeeping and tax needs.

Clear financial data also makes it easier to track key metrics such as billable hours, realization rates, and collection ratios. These indicators reveal trends, highlight inefficiencies, and support decisions around hiring, marketing, and practice expansion. Regularly reconciling owner’s compensation ensures that law firms The Primary Aspects of Bookkeeping for Law Firms accurately track and report the amounts owners receive from the firm. By conducting periodic reconciliations, law firms can identify any discrepancies and rectify them promptly. Law firms should define a consistent process for recording owners’ pay and drawings.

• These regulations govern how to receive, store, and report funds received from clients.
• As Boston-area business litigation attorneys, we are focused on professional dispute resolution, minimizing legal exposure and managing risk while resolving business disputes.
• Law firms are subject to strict ethical rules and bookkeeping laws that govern handling business funds, client funds, settlement funds, and personal finances.
• Routinely assists our clients in obtaining nonimmigrant visas to the United States in all business immigration categories.
• Their tax services are equally comprehensive, catering to both individuals and entities.
• BooksTime in nearby Newton, Massachusetts, helps small businesses keep their books in order with streamlined technology, allowing competitive pricing at 20% to 50% less than competitors’ prices.