For Law Firm Owners & Managing Partners

If the State Bar Asked To See Your Records Tomorrow,

Could You Prove Your Trust Account Is Right?

Most attorneys assume it is. That assumption is exactly what gets firms into trouble. Watch the video below to see the 3 trust account mistakes law firms make over and over then schedule a free call to find out if yours is one of them.

Schedule a free 20-30 minute call, not a sales pitch, not a full audit. We’ll look at your current setup and tell you exactly where you stand and what needs to be fixed if anything. If everything’s fine, we’ll tell you that too.

As Seen On:

Trust Account Reconciliation

Full-Service Bookkeeping

Law Firm Specialists

Practice Management Integration

The Problem

Here's what makes trust accounting so dangerous

The mistakes don't always look like mistakes. Your bank balance can look fine. Your bookkeeper can tell you everything is reconciled. Your practice management software can be running and you can still have a problem sitting quietly in your records for months before anyone notices.

"My bookkeeper handles it."

"We use [practice management software]."

"I've never had a problem."

Proper trust accounting isn't just asking whether the bank balances. You need three records that reconcile to one another and that third layer is where most firms fall short.

Bank Balance
What the bank says is there

Accounting Records

What your books say is there

Individual Client Ledgers

What you're holding for each client

All three must reconcile. Most bookkeepers stop after the first two.

Three Areas We See Again and Again

The issues most firms don't know they have

Your reconciliation stops at the bank statement

A general bookkeeper may reconcile the bank account perfectly and still never touch your individual client ledgers. Reconciling to the bank statement is not the same as a three-way trust reconciliation. They are two different things.

Money moves in and out of trust as a single transfer

As your firm grows, so does the transaction volume. Some firms move funds in bulk for efficiency. But can you trace every transfer back to exactly what happened for every individual client? Your trust account is not one bucket and your records need to tell that story.

Your bookkeeper doesn't specialize in law firms

There's a significant difference between a bookkeeper who handles payroll and expenses, and one who understands law firm trust accounting, individual client ledgers, and the specific records that need to reconcile. Most attorneys don't know to ask the difference.

Who Is Chelsea Williams?

Chelsea Williams

Founder, Profit Kept

We specialize in accounting for law firms, not restaurants, not contractors, not general small businesses.

Law firms deal with client funds, trust accounts, individual client records, and rules that go well beyond whether your P&L is accurate. That distinction is the entire reason Profit Kept exists.

Before the Call

Five questions every law firm owner should be able to answer

If you're not sure about any of these, that's exactly what we look at first.

When was my trust account last reconciled and what exactly was reconciled?

Where are my individual client trust records maintained?

Does my accounting system agree with those client records?

Who is reviewing discrepancies when something doesn't match?

Does the person handling this actually understand law firm trust accounting?

There's a difference between "pretty sure" and actually knowing.

Schedule a call with our team. We'll walk through your current accounting and trust account process, understand what you have in place, and tell you exactly what needs to be fixed.