We have a client who just founded a new law firm. The challenge facing them was lacking experience on how to record the transactions for trust account and general account. They also need advice on how to select the proper software for their bookkeeping process.
The client came to us and we provided professional consulting and training services for them. As a result, they learned the fundamental operations of recording transactions and decided to choose the combination of Clio plus QBO. Since they can handle the basic bookkeeping, what we need to do going forward is to reconcile the bank accounts and to generate the monthly reports as per LSO requirements.
Success Case 2:
A new client was facing an upcoming LSO spot audit in the very near future. The challenges were their bookkeeping got messed up by themselves, and they didn’t have experience in generating the reports the auditor requested. Therefore, they were not sure if they could pass the audit process.
The client contacted us for help. We reviewed the correctness of each trust transaction, corrected minor deficiencies, redid the trust reconciliation, and generated all necessary reports for audit purposes. Finally, we also assigned a bookkeeper to the client’s office as the onsite auditing support.
Success Case 3:
We have a client who runs a law firm and they received the audit notice. Their record-keeping method are outdated and inefficient. Therefore, they want a fast and efficient way to improve their record-keeping.
To meet client’s requirement, we assigned a dedicated bookkeeper to their office and recorded the bank transactions into their system. Our bookkeeper prepared all the documents and reports in a timely manner for audit purposes. He/she also provided onsite support on the audit day to answer questions the auditor asked. As a result, the audit went smoothly. We are highly appreciated and recommended by the client, and we have continuously serviced them for eight years.
Success Case 4:
A law firm has failed its first audit mainly due to the big amount of errors found in their trust reconciliation report. The client contacted us and needed our bookkeeper to find out where the problem was.
Our team reviewed the report and process with professional skills and experiences. Finally, we identified the causes of the problem. There were bank errors happened a while ago due to bank negligence. However, the client’s bookkeeper didn’t record the errors properly in the system at that time and didn’t make any inquiries to the bank. Thus, the following record-keeping became messy. With our help, the client got the funds back from the bank and avoided the unnecessary losses.