logo

Tech Tip #170:
How To Manage the 3 Major Components of Legal Accounting

Legal Accounting Components

There are 3 major components of legal business accounting: Client Funds Accounting, Matter Cost Accounting, & Back Office Accounting. All three need to be integrated and work alongside each other. To do this effectively, find an accounting solution that takes the specific needs of a law firm into account, eliminates double data entry, has the appropriate safeguards in place to protect against ethics violations, and even allocates revenue appropriately. Learn more about improving your law firm’s accounting practices by following these Business Accounting Tips to Prepare Your Firm for 2018.

Notebook

[ninja_form id=31]
logo
CosmoLex is cloud-based law practice management software that integrates trust & business accounting, time tracking, billing, email & document management, and tasks & calendaring, in a single application.
+1 866-878-6798
1100 Cornwall Road, Suite 215, Monmouth Junction, NJ 08852
LinkedInX

CosmoLex is part of ProfitSolv, a collection of best-in-class software solutions for professional services firms, allowing the freedom for growth and innovation. Using a product-centric and customer-first approach, ProfitSolv collaborates with firms to offer better client services.

©2025 ProfitSolv, LLC, All rights reserved. ProfitSolv, CosmoLex, and respective logos are trademarks or registered trademarks of ProfitSolv, LLC and its affiliates. All product names and trademarks are the property of their respective owners.

clear-view-socialorion-lawrocket-mattertabs3timesolv