Bookkeeping Services for Personal Injury Lawyers

Bookkeeping and Accounting for Personal Injury Lawyers

In need of bookkeeping for your personal injury law firm? We handle your accounts, giving you more time to focus on winning your cases. Experience our services for free.

* No Debit/Credit Card Required
Accracy Accounting Online Remote Bookkeeping Services for Personal Injury Lawyers
Accracy Accounting QuickBooks Certified ProAdvisor
Accracy Accounting Xero Certified Advisor
Accracy Accounting Gusto Payroll Certiication
Accracy Accounting Fathom Certified Advisor
Accracy Accounting Karbon Certified Expert
Free 1 Month Bokkeeping Trial

New Customer Offer

We are offering free 1 Month Basic Bookkeeping to all new customers so you can experience Accracy's seemless and professional services.

* No Debit/Credit Card Required

How Accracy works with Personal Injury Lawyers

In need of bookkeeping for your personal injury law firm? We handle your accounts, giving you more time to focus on winning your cases. Experience our services for free.

Accracy Accounting CPA CA Oversight
We get you set up

Our team takes the time to fully comprehend the specifics of your personal injury law practice, address your inquiries, assist you in connecting your accounts, and guide you through how Accracy operates.

Accracy Accounting Digital Fluency
We do your bookkeeping

Each month, your bookkeeper meticulously organizes your legal transactions and prepares your financial reports. Should they require any additional information from your end, they'll promptly reach out.

Accracy Accounting One-on-one expert support 24/7
We deliver tax-ready financials

Each month, your bookkeeper meticulously organizes your legal transactions and prepares your financial reports. Should they require any additional information from your end, they'll promptly reach out.

Here’s why Personal Injury Lawyers like you trust Accracy with their bookkeeping and accounting

Get fast, unlimited support for Personal Injury Lawyers with Accracy Accounting and Bookkeeping Services

Get fast, unlimited support from our expert advisors

We'll maintain constant contact, providing you with regular bookkeeping updates tailored for your personal injury law practice. Do you have urgent queries that simply can't hold off? Rest assured, we'll respond to your concerns in one business day or less.

Guaranteed accuracy in every detail for Personal Injury Lawyers with Accracy Accounting and Bookkeeping Services

Guaranteed accuracy in every detail

Our platform enables you to automate data entries from the leading providers to elude frequent errors. We collaborate with prominent legal financial systems like Clio, MyCase, Legal Files, and TimeSolv —ensuring your firm's finances are always accurate. At Accracy Accounting, we're committed to simplifying the bookkeeping process for Personal Injury Lawyers.

Make Smart Decisions for Personal Injury Lawyers with Accracy Accounting and Bookkeeping Services

See where you’re spending. Make smart decisions

Say farewell to mountains of legal files and hours spent on manual record keeping — we automate entries directly from linked accounts. Gain insights from one central dashboard, allowing you to easily comprehend the financial health of your personal injury law firm and make tactical decisions.

Bookkeepers for Personal Injury Lawyers

With Accracy Accounting, personal injury lawyers can focus on fighting for their clients, instead of getting tangled up in the web of bookkeeping and tax preparedness. As personal injury lawyers, there are specific rules and regulations related to client funds, contingency fees, tax brackets, and legal operating expenses which can make managing your books a complex affair. However, Accracy's combination of intuitive software and a knowledgeable team of bookkeepers, who are acquainted with the particular nuances of legal industry taxation and expenses, can streamline your entire bookkeeping process, keeping your financial records in order and your operations tax-compliant.

Moreover, our team can help personal injury lawyers handle common bookkeeping issues that arise in their practice. For example, one challenge specific to this profession is tracking and attributing contingency fees - a task our software and bookkeepers manage effortlessly. We also assist in correctly recording settlement funds, handling common legal expenses and navigating through murky tax laws that often affect law firms. Here at Accracy, we provide personal injury lawyers with a novel approach to managing their firm's finances — effectively handling bookkeeping and tax irrespective of the size of the firm, and allowing them to focus solely on serving their clients' best interests.

Accracy Pricing

Simple, straightforward bookkeeping pricing for everything your business needs.

Join over 1000 business owners who have streamlined their finances and have grown their businesses with Accracy.

Basic

Starting from
$200 / month billed annually
  • Dedicated Bookkeeping Experts
  • Accurate Books with Year-End Financial Records Ready for Tax Season
  • Automating Your Processes Through QuickBooks, Xero and others
  • Accrual or Cash basis accounting
  • 24/7 Support
  • Unlimited communication with your bookkeeping team
Contact Us

Catch Up Bookkeeping

$500 / Billed Once
  • Accurate Books with Year-End Financial Records Ready for Tax Season
  • Automating Your Processes Through QuickBooks, Xero and others
  • Accrual or Cash basis accounting
  • 24/7 Support
  • Unlimited communication with your bookkeeping team
Contact Us

Executive

Customized Pricing

Everything in Basic plan +

  • Dedicated Account Manager
  • Sales Tax
  • Corporate Tax
  • Payroll
  • Accounts Payable
  • Accounts Receivables
  • Full Support Team
  • + Additional Customized Services

Schedule a Meeting

Basic

Starting from
$250 / month
  • Dedicated Bookkeeping Experts
  • Accurate Books with Year-End Financial Records Ready for Tax Season
  • Automating Your Processes Through QuickBooks, Xero and others
  • Accrual or Cash basis accounting
  • 24/7 Support
  • Unlimited communication with your bookkeeping team
Contact Us

Executive

Customized Pricing

Everything in Basic plan +

  • Dedicated Account Manager
  • Sales Tax
  • Corporate Tax
  • Payroll
  • Accounts Payable
  • Accounts Receivables
  • Full Support Team
  • + Additional Customized Services

Schedule a Meeting

Frequently Asked Questions about Bookkeeping and Accounting for Personal Injury Lawyers

The most effective bookkeeping system for tracking client retainers and trust accounts in personal injury law would be one that is specially designed for law firms, such as a Legal Trust Accounting Software. These systems offer specific features for managing trust accounts and client retainers, ensuring they are compliant with legal regulations and keeping accurate records of all transactions. It is also helpful if the software can integrate with other tools commonly used in law firms, such as case management systems, for seamless operation.

Yes, as a personal injury lawyer, there are specific tax deductions you can claim. Some of these include:

  • Professional fees and dues: You can deduct the money paid towards your bar association dues, and other professional membership fees.
  • Legal research costs: Any amount spent on research materials, law books, or legal database subscriptions can be deducted.
  • Office expenses: This includes rent, utilities, office supplies, furniture and equipment. If your law practice is from your home, certain home office expenses may also be deductible.
  • Travel expenses: If travel is necessary for your casework, you can deduct these costs, including airfare, hotel stays, meals, and car rentals.
  • Continuing education: Any tuition fees or costs associated with maintaining your law license or improving your legal skills can be deductible.

Please note, it is always recommended to consult with a certified accountant to provide personalized advice based on your specific circumstances.

A bookkeeper can be incredibly beneficial in managing the financials of your contingency-fee based cases. They can accurately track the expenses incurred on each case, maintain a clear record of any settlements or wins, and help organize the case's financial aspects throughout its duration. This allows you to focus on the legal aspects while ensuring that the financial side is well-maintained and accounted for.

We understand that when our clients turn their accounting and bookkeeping services over to us, trust is paramount. We have a team of certified professionals, use proven technologies, and hold ourselves accountable every day. Yes, you can trust us with your sensitive data and to deliver accurate, timely accounting services for your business.

Absolutely. Our team members are all certified in the leading accounting systems and can quickly get your files up to date.

Don’t worry, your financial data belongs to you. Our offboarding is pretty straightforward as we transfer account ownership to you. As a bonus, there’s no stopping you from replicating the workflows we’ve created for your in-house process – in fact, we encourage it.

Savings can vary considerably depending on your current solution, but our clients tell us that it is generally between 30% and 50%.

We do not provide year-end tax filing services as we are not a CPA firm. However, if you are looking for a year-end tax accountant, we would gladly refer you to one of our partners. Having a separate bookkeeper and year-end accountant ensures additional oversight on the accuracy of your books. Your year-end tax accountant can help you review your books during tax season.

No, we are not a CPA firm. Accracy is not a public accounting firm and does not provide services that would require a license to practice public accountancy.

No. We do not offer services which fall under the jurisdiction of these organizations. We have partner organizations who can provide those services if needed by clients. A good example of such services are tax advisory or statutory filings. We have a number of non-economic partnerships with CPA firms who can help our clients with these services if needed.

Every account is set up with a Client Success Lead who will be your day-to-day contact. They’ll liaise with the rest of the team members on your account which may include an accounting manager, bookkeeper, payroll specialist, and payables specialist.

Accracy can support a wide range of companies, from small businesses and startups to large public corporations. Our services are tailored to meet the unique accounting and bookkeeping needs of businesses across various industries.

At Accracy, we operate as a fully remote team, delivering our bookkeeping and accounting services online. We have the necessary tools and systems in place to work efficiently and securely from our remote locations. We will coordinate and collaborate with your onsite team to ensure smooth communication and workflow integration.

Accracy Accounting Frequently Asked Questions (faq)

Our Services

Your Needs, Our Solutions: Total Coverage Guaranteed

Stress-Free Bookkeeping and Back Office Accounting Solutions for Your Business.

Bookkeeping

Precise Financial Organization

Embark on a transformative journey towards financial clarity with our comprehensive organizational services. Beyond mere bookkeeping, we delve deep into the intricacies of your financial records. Every transaction is meticulously documented, categorized, and structured to provide not just accuracy but a foundation for strategic financial understanding.

Bookkeeping

Financial Reporting

Actionable Financial Insights

Beyond mere numbers, our reporting services are a gateway to actionable insights. We go beyond presenting data; we interpret, analyze, and deliver reports that serve as strategic roadmaps for your business. Timely, clear, and comprehensive, our insights empower you to make informed decisions, identify opportunities, and navigate challenges with confidence.

Financial Reporting

Accounts Payable & Receivable

Efficient Accounts Management

Efficiency is the cornerstone of our accounts management services. Whether handling payables or receivables, we streamline your financial transactions to optimize cash flow. Our focus is on creating a robust system that not only meets compliance standards but also ensures that your financial operations are a well-oiled machine, contributing to the overall health of your business.

Catch-Up Bookkeeping

Timely Financial Updates

Don’t let backlog hinder your progress. Our catch-up services are designed to bring your financial records up to speed. We meticulously address any gaps, ensuring that your records are not just current but also compliant. Stay on top of your financial game with timely updates that provide a comprehensive view of your financial landscape.

Catch-Up Bookkeeping

Fractional Controllership

Strategic Financial Guidance

Experience the benefits of seasoned financial leadership without the full-time commitment. Our fractional controllership services bring in experts to guide your financial strategies. Beyond mere oversight, our professionals actively contribute to optimizing your business performance. Benefit from strategic insights, financial planning, and a level of guidance that propels your business towards sustainable success.

Fractional Controllership

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