Billing and trust accounts
Time tracking, invoicing, trust accounting and the reconciliations it needs.
Time records, invoices, collections and client funds sit in one corner of the practice, and the rules for client funds are the strictest of them. Bar rules differ by state, so the guides here describe the general shape and send you to your own bar for the details.
For a quick reference on what belongs in a trust account and how to reconcile one, start with trust account basics in the practice kit.
Pages that cover this topic
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Quick-lookup table
Trust Account Basics: A Quick Reference
What goes in trust, what stays out, which records to keep and how to reconcile.
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Walk-through checklist
Client Intake Checklist for a Small Law Firm
From the first call to a signed engagement letter, in the order things go wrong.
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Plain-word glossary
Law Office Glossary for Solo and Small Firms
Thirty-three business-side terms, from accounts receivable to write-off.
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Try-it tool
Billable Hours Calculator for a Revenue Target
See how many hours a revenue target takes once write-downs and slow payers are counted.