We understand that you have unique practices when it comes to law firm accounting that doesn't necessarily apply to other businesses. This is why Zola Suite takes law firm accounting and law firm bookkeeping to the next level.
Retainers & Trust Funds
Using retainers and trust funds is common practice for law firms, and putting that money in the proper place is extremely important for complying with legal industry regulations. While retainer money may be in the firm's possession, it does not necessarily belong to the firm until it is earned.
Zola Suite makes it easy to handle all money coming in from your clients, whether it be paid for an invoice or retainer money that needs to be held in the trust account. The software effectively eliminates mistakes, like counting that money as income or commingling it with other money.
Our law firm CPAs are experienced in making sure your money is in the right place and everything is compliant. This gives you the time to focus on what matters the most - your business. You can trust that your accounting is in the hands of experienced professionals.
Managing & Reporting Financials
When handling your accounts, it is important to be able to manage your firm’s profitability, compensation, financial health, and more. Keep on top of your firm's progress by using Zola Suites reporting system. You can run reports on attorneys' work in progress, billing history, invoice payments, aging receivables, and more.
Integration With Other Software
Additionally, Zola Suite makes it easy to connect your favorite accounting tools, like QuickBooks. Zola's integration works with many cloud-based applications such as:
- Office 365
- Google Calendar
- One Drive
- Google Drive
- Microsoft Word plugin for Windows
- Microsoft Outlook plugin for Windows
- and the list is continually growing!
Zola-suite is often toted as the most robust practice management software, but that does not keep them from implementing updates and enhancements to better the program. Because it is cloud-based software, any updates are automatically seen across the board.
Law Firm Tax Planning
Our law firm CPAs specialize in legal accounting services and tax compliance. We can manage your law firm’s financial record-keeping processes and help you prepare accurate tax returns for your practice.
Whether you’re an attorney who's in business for himself or you have a small to mid-size law firm, your bookkeeping and tax obligations can cut into your productivity and billable hours. Our experience in law firm tax planning will help you get back to your work while putting yourself at ease that we are taking care of everything.
Law Firm CFO Advisory
Our law firm CFO advisory services can provide you with the types of financial insights you need so you can have a clear understanding of where you are succeeding and where goals need to be set.
Our law firm financial advisers can direct you in effectively managing your accounting needs. Here at Fusion CPA, we work hard for your law firm's long-term success. When your finances are in the right place, then your business will begin to flourish. You can learn more about our services by clicking the button below to schedule a complimentary discovery call today!
This blog article is not intended to be the rendering of legal, accounting, tax advice or other professional services. Articles are based on current or proposed tax rules at the time they are written and older posts are not updated for tax rule changes. We expressly disclaim all liability in regard to actions taken or not taken based on the contents of this blog as well as the use or interpretation of this information. Information provided on this website is not all-inclusive and such information should not be relied upon as being all-inclusive.