It can be hectic to run a business, provide quality service to your clients, and at the same time keep your sales and expenses all in line. Contact us now to find out how we can get your bookkeeping in order and get a quote from us for services. Each package includes a team of ProAdvisor, Accountant and junior bookkeepers that will regularly update your books, expense code, make corrections, and reconcile your bank, credit cards and loan statements.

Accounting Companies & Firms in Alaska

We offer expert-led, done-for-you bookkeeping built specifically for attorneys and law firms. Juggling multiple systems means endless manual data entry, duplicate work, and error-prone reconciliation between case management platforms and accounting software. https://canvomagazine.com/how-bookkeeping-for-law-firms-strengthens-financial-health/ The accountants at Bassler & Redick CPAs, LLC have experience working with clients in the healthcare industry. We understand the accounting needs that are unique to businesses operating in the medical field. Bassler & Redick CPAs, LLC provides a range of bookkeeping services including payroll, accounts payable, and monthly financials. The accountants at Bassler & Redick CPAs, LLC provide tax return services for individuals, partnerships, small businesses, corporations, LLCs, estates, and trusts.

Where Can I Find The Best Alaska Bookkeepers?

Some accountants record financial transactions, and some bookkeepers assist with business decisions and prepare financial statements. However, for our purposes, when we refer to “bookkeeping services,” we’re referring to tasks like recording income and expenses, reconciling bank accounts and credit card statements, and tracking payables and receivables. By using this guide as a starting point, you can develop sound IOLTA and trust accounting practices tailored to Alaska’s rules. Stay proactive, stay informed (keep an eye out for any rule updates or Bar ethics opinions), and don’t hesitate to seek expert help or software solutions to make the job easier. With clear policies, the right tools, and a commitment to ethical handling of client funds, even the smallest firm can maintain rock-solid trust accounting in full compliance with the Alaska Bar. Your clients’ funds will be safe, your firm will run smoothly, and you’ll never lose sleep over an audit – a win-win for everyone.

Why do law firms outsource their accounting department?

Alaska’s IOLTA and trust accounting rules may feel daunting at first, but with the right approach, small and mid-sized law firms can master them. By understanding the unique requirements – from using approved banks and labeling accounts, to keeping meticulous records and segregating every dollar – you set a foundation of compliance and integrity. The Alaska Bar The Importance of Expert Bookkeeping for Law Firms Association provides resources and clear guidelines because ultimately the goal is to protect clients and help lawyers succeed in managing trust funds responsibly. When you implement strong internal practices and leverage tools like LeanLaw to automate where possible, trust accounting transforms from a headache into just another routine part of running a law practice.

We can help you analyze your spending, re-balance your budget and/or debts for an optimal cash flow to support your business’ success. This balance plan would be revisited if and when there were any major changes in your business structure to ensure that you are operating at an optimal level. With our help and guidance, you will always be on top of your finances and ready for the future.

Trusted Bookkeeping for Law Firms Nationwide

Our services start at $750/month for foundational support, with most firms investing between $1,250–$2,500 per month based on firm size, attorney count, and the level of strategy or complexity involved. Your time is valuable — and your focus belongs with your clients, not your books. We handle the details with precision and care, giving you back your time while saving you the cost and stress of managing everything in-house. At The Legal Accountant, we believe your books should bring clarity, not chaos.

• You don’t necessarily need accounting software or a professional bookkeeper to handle your law firm bookkeeping.
• Bench simplifies your small business accounting by combining intuitive software that automates the busywork with real, professional human support.
• In a state as close-knit as Alaska’s legal community, that reputation is gold.
• These services can involve quantification of economic loss or damages, analysis of financial records, and fraud and theft investigation.
• It has a variety of functions, including bank reconciliation, invoice management, cost monitoring, and more.

Q: How do I choose a bank for my trust account in Alaska?

We specialize in tools that integrate seamlessly with small law firm operations. Our core platforms are Xero and QuickBooks Online for accounting, Clio and LeanLaw for practice management, and Gusto or OnPay for payroll. We ensure full compliance with ABA rules and state bar trust regulations. From IOLTA trust accounting to internal controls, our services are fully compliant, so you can practice law without compliance worries. As lawyers, we didn’t want to focus on the day-to-day of our firm’s accounting.