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Law Firm Bookkeeping Services

As a team of practicing attorneys and multi-industry operational experts, we firmly believe that a law firm's partners should be focused on what makes their law firm stand out: the practice of law. Practice Alchemy offers Law Firm Bookkeeping Services to help you keep track of your firm's working capital, invoices and revenue, bills and vendors, and other transactional activity to provide insight into your law firm's operations and allow you to focus on serving your clients.

See If Our Bookkeeping Is Right For Your Firm
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Our Solutions, Your Success

Your bookkeeeping shouldn't be handled by the same accountant who services your plumber.

Practice Alchemyʼs approach to law firm bookkeeping includes a thorough understanding of your practice and the management of your books with a solution that works specifically for your firm.

Let our team of legal bookkeeping experts start doing the work for you. Practice Alchemy gives you a complete “plug and play” bookkeeping solution to manage your accounts and give you the necessary insights you need into your firm's financials.

Transform Your Practice

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Accurate Tracking

Practice Alchemyʼs team of legal bookkeeping experts know how to build and deploy successful bookkeeping programs to ensure your books are diligently and accurately kept.

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Peace of Mind

Know that your firm's day-to-day transactions are being accurately recorded to ensure smooth operation of your firm as a business.  

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Scalable Solutions

No need to hire, fire, or retain internal bookkeeping staff. Our bookkeeping team can scale with your firm as you grow. 

Services

Practice Alchemy's suite of law firm bookkeeping services will enhance your firm's ability to track expenses, optimize cash flow, and produce informative financial statements on a regular basis.

Accounts Receivable

Send out client invoices and collect cash in a timely and efficient manner.

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Accounts Payable

Process vendor bills with the proper approvals and timely payments.

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Payroll Entries

Record payroll activity to your general ledger (GL) system after each pay period.

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Bank Reconciliations

Ensure bank balances agree to GL balance and account for any timing discrepancies

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Credit Card Activity and Reconciliations

Track and code credit card transactions to the GL and ensure statements agree to GL.

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Employee Expense Reports

Understand your staff's expenses, track spending, and automatically approve expenses without paperwork.

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Monthly Financial Statements

Produce clean, detailed, and informative financial statements on a monthly basis, including the balance sheet, income statement, and statement of cash flows.

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Accounting and Bookkeeping Software

Implement the right accounting software for your firm to save time, work, and money.

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CPA Oversight

Have access to CPA-level insight into your bookkeeping practices. 

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