Accounting software for law firms
Law firm accounting software has to keep operating money and client trust money apart and reconciled. Adopt keeps the firm’s books and monthly close current, and your team approves every entry.
How law firms handle this today.
Client money is not firm money. Trust account balances have to be kept apart from operating cash at all times.
Costs advanced for clients. Filing fees and expert costs paid by the firm need to be tracked until they are recovered.
Partners want to see profit. Draws and distributions depend on books that are current.
Bookkeeping is nobody’s main job. It falls to an office manager between everything else.
Law firm accounting, with every account reconciled
Adopt prepares the work in the background. Your team reviews and approves it, and every approval stays on the record.
Connect your accounts
Link bank and card accounts, or upload statements. Adopt starts from your opening balances.
Receipts and costs coded, with reasons
Fee income, advanced costs and overhead each get a suggested account and the reason behind it.
Review and approve
Approve in bulk or one at a time. Nothing posts until you do.
Close and report
Reconciliations and month-end statements are prepared for you to sign off.
What changes for law firms
Each bank account on its own
Operating and trust accounts reconcile separately, each to its own statement, to the cent.
Approvals on record
Every entry shows who approved it and when.
Statements partners can read
A profit and loss and a balance sheet built on reconciled accounts.
FAQs
It keeps a firm’s books: fee income and expenses recorded, operating and trust bank accounts reconciled and statements produced each month. Adopt prepares that work and your team approves it.
Adopt reconciles each bank account, including a trust account, to its statement to the cent. It does not replace the client ledgers in your practice management system, and it does not check compliance with your bar’s trust rules.
Your team does. Adopt prepares categories, matches and journal entries and shows the reason for each one. Nothing posts until someone on your team approves it.
No. Adopt works on its own. A business without any accounting system can start on Adopt and keep its books there.
More software for law firms
Firm books, reconciled every month.
You approve every entry.
Start free and connect your first account. Adopt works on its own, so you do not need another accounting system to begin.
