Law Firm Archives - Lazar Accounting Solutions

What a 3-Way Reconciliation Really Means (And Why the ABA Requires It)

Many law firms believe that if their escrow or IOLTA bank balance looks correct, they’re compliant. Unfortunately, that’s one of the most common, and…

Common IOLTA Mistakes That Trigger Audits

Most escrow and IOLTA audits aren’t triggered by fraud, they’re triggered by avoidable bookkeeping mistakes. One of the most common issues is not performing…

What Is an IOLTA Account and How Does It Work?

What an IOLTA Account Is An IOLTA (Interest on Lawyers’ Trust Account) is a trust account used to hold client funds that are too…

How to Succeed at Accounting for Law Firms

How to succeed at accounting and bookkeeping? Here are the essentials for law firm accounting and bookkeeping success that you should get a handle…

Common Legal Accounting Mistakes

🚫⚠️ Don’t let these accounting mistakes derail your law firm! Working with many law firm owners over the years, I have seen the numerous…

Best Practices for Law Firms

Are you losing sleep over compliance nightmares? 😱 As legal professionals, you’re experts in the law, not accounting. But guess what? Sound bookkeeping and…

Do Lawyers Need Accounting?

🚨 Legal professionals… are you leaving money on the table and risking your firm’s future by neglecting one crucial aspect of your business? 🚨…

Accounting for Law Firms: an Essential Guide

We know you’re experts in all things law, but when it comes to accounting, things can sometimes feel daunting. Whether you´re a solo practitioner…