Tailored Accounting Solution Exclusively for Law Firms

Legal Accounting Services

Lawyers are at their best when focusing on serving clients and building their practice. Yet, the demands of back-office tasks often steal valuable time. Eternity Paralegal Services (EPS) frees you up with tailored legal accounting services so you can bill accurately and leverage financial insights for smarter decisions.

With EPS, you gain unlimited access to a dedicated legal accountant who is well-versed in the complexities of law firm finances. This expertise allows you to prioritize your clients, knowing that we are handling your legal accounting and finalizing your books for tax requirements.

Navigating legal accounting shouldn’t be a challenge. Trust our law accountants to manage all facets of your law firm accounting and bookkeeping, tailored specifically for the legal industry. We stay up-to-date on legal industry regulations and integrate with your preferred accounting software for maximum efficiency.

Partner with EPS today and reclaim your time so you can focus on what truly matters—your clients and the growth of your practice.

Legal Accounting Services for Lawyers and Law Firms by EPS
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Legal Accounting and Bookkeeping Services for Law Firms

  • Accounting & Bookkeeping: Track cash flow, generate invoices, manage payroll, and ensure accurate financial reporting.
  • Bill Management: Simplify accounts payable (AP) & accounts receivable (AR). Handle vendor bills, client invoices, and reminders.
  • Bank Account and Credit Card Reconciliation: Verify deposits, withdrawals, and adjustments in your law accounting system.
  • Financial Reporting: Generate GAAP-compliant profit & loss statements, balance sheets, trust ledgers, and cash flow statements.
  • Payroll Processing: Process payroll and record activity for seamless tax filing.
  • Tax Preparation: Prepare year-end reports for smooth tax filing.
  • Case Management: Prepare final settlement statements after case closure.
  • Audit Services: Ensure financial statement accuracy with optional audit services.

Empower Smarter Financial Decisions for Your Law Firm with EPS

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Our Accounting Software Expertise

 

1. QuickBooks

2. FreshBooks

3. Xero

4. NetSuite

5. Wave

6. Sage

Why Outsource Law Firm Accounting?
  • Organized Operations: Enjoy smooth financial management, aligning the back office with your front office.
  • Streamline Finances: Get clear insights with custom reports tailored to your needs (weekly, monthly, and annual updates)
  • 24/7 Access: Access real-time financial data anytime, anywhere, on any device.
  • Compliance Confidence: Ensure your accounting practices meet legal regulations.
  • Profitability Powerhouse: Identify areas for growth and make smarter financial decisions.
  • Focus on Clients: We handle everything (payroll, billing, taxes) so you can focus on billable hours.
Paralegals

Benefits of Partnering with Eternity Paralegal Services

More Billable Hours

More Billable Hours
Free up 10+ hours/week for client work.

Complete Services

Complete Services
Bookkeeping to tax preparation, everything’s covered.

Expert Legal Accounting

Expert Legal Accounting
Dedicated professionals handle everything.

Scalable Solutions

Scalable Solutions
Grow your firm, we scale our team.

Cost-Effective

Cost-Effective
Save up to 50% compared to in-house staff.

Clear Financial Insights

Clear Financial Insights
Make data-driven decisions with regular reports.

FAQs About Legal Accounting

What is the legal accounting?

Legal accounting is a specialized field of accounting that caters to the specific requirements of law firms and other legal entities. It encompasses the traditional accounting functions of managing financial transactions, bookkeeping, and preparing financial statements, but with a particular focus on compliance with industry regulations.

Is accounting important for lawyers?

Accounting is crucial for lawyers to ensure ethical handling of client funds, track income, and expenses for informed decision-making, minimize tax burdens, navigate audits smoothly, and manage client billing and cash flow efficiently – all contributing to a financially healthy and secure legal practice.

How much does monthly accounting cost?

The cost of our monthly accounting services depends on your specific needs. We offer a free consultation to discuss your business size, the complexity of your accounting tasks, and the level of service you require. This allows us to provide you with an accurate quote tailored to your situation. Contact us today to schedule your consultation!

Can EPS file my taxes?

No, we specialize in finalizing your books to make tax filing easier for you or your chosen tax professional.

What is the best accounting software for a small law firm?

Choosing the best accounting software for a small law firm depends on several factors, such as the size of the firm, specific needs, and budget. Here are some popular options to consider: Clio, Rocket Matter, Practice Panther, Xero, QuickBooks, FreshBooks, etc.

How do accountants and lawyers work together?

Accountants and lawyers frequently collaborate remotely to provide a seamless client experience. While we handle your accounting within your secure accounting software, we can easily connect with your lawyer via video conferencing or secure communication channels to ensure that all of your financial and legal needs are addressed collaboratively.

Do your accountants deal with clients?

Absolutely, our accountants are here to provide you with personalized service and build strong relationships with our clients. We understand the importance of clear communication and collaboration, and our accountants will work directly with you to discuss your financial needs and objectives. They will answer your questions and provide financial guidance tailored to your situation.

What are the benefits of hiring a legal accountant?

While any qualified accountant can handle basic bookkeeping, a legal accountant offers specialized expertise tailored to the unique needs of law firms. Also, save your time and money by providing cost-effective services.

Streamline Your Law Practice: Focus on Clients, Not Bookkeeping.