Law Firm Accounting Services
Law firms that attempt to manage every aspect of their accounting and bookkeeping in-house can end up losing profits. Your time is valuable and is better spent working with clients for billable hours, not working on your accounting. If your firm is larger, you could use some of your resources to fund an on-site accounting team but this takes time to run and is not economical. Lawyers and attorneys in firms of all sizes save time and cut costs when they outsource their accounting and bookkeeping processes to N.B. Allen & Associates, Ltd.. Our North Chicago Suburbs, IL Accountant will supervise the financial side of your practice so you're free to devote your time to working with clients and bringing in revenue.
When you pass the reins to us, we’ll process daily accounting transactions, reconcile bank and credit card statements, and much more but we’ll make sure you’re still in command of your finances. We’ll compile meaningful financial statements that allow you to easily monitor expenses and cash flow so you’re always ready to make informed business decisions. We’ll also manage your tax obligations with a comprehensive tax planning strategy that will minimize your taxes at year-end.
Accounting for Lawyers and Attorneys
- Full-service accounting
- Accounts payable and receivable
- Bank and credit card reconciliations
- Cash flow analysis
- Financial statement preparation
- Business tax planning
- Tax preparation for lawyers
- New business advisory and incorporation
- Estate planning support
Outsourcing accounting functions to us makes sense for lawyers and attorneys. Request a free consultation online now or call us at 847-675-0055 to learn more.