Attorney-Client: Closing the Books for year end
It's that wonderful time of the year. It is "getting the records ready for tax time" of the year. As mentioned in this earlier post, we can prepare by getting the contractor lists to be ready for 1099s.
We still have a few days left to strategize for completing 2020 and pre-prepare the final partner reporting or compensation reporting. Get those final checks to the partners ready to go.
Of course, you have been reconciling the trust accounts to the penny.
Did you forget the Advanced Client Cost account? It's not too late. See this post for how to reconcile this necessary account easily.
But, are there more tasks to do when it comes to preparing a law firm's books to finalize?
Of course, there are! I created this awesome, downloadable e-book with a checklist to help you get the work done and save it to be used, year after year. Happy New Year!
Are you a bookkeeper or accountant needing help with your first-attorney client? Get my e-book here. And, join our Facebook Group, QB Community Live! I co-admin the group and we love to help small businesses and accountants and bookkeeping professionals. Our motto is, Together We All Succeed! #TWA$
Are you an attorney struggling with their own bookkeeping or need to hire someone to help out, contact us!