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QuickBooks Online and Legal Trust Accounting Made Easy: Demo and Case Study

QUICKBOOKS ONLINE AND LEGAL TRUST ACCOUNTING MADE EASY: DEMO AND CASE STUDY

Cost Free
Presentation Length 1.0 hour

Recorded DateNovember 21, 2019
CPE:Not available
(archived webinars do not offer CPE credits)
Course LevelIntermediate
Course Description

Do you have clients who are attorneys or do you want to niche into law? One of the main reasons that ProAdvisors have decided not to is because of the complex trust accounting process (IOLTA) on QuickBooks Online.  

Whether you use Quickbooks Online or Quickbooks Online Advanced, trust accounting couldn’t be any easier with the addition of LeanLaw, the top-rated legal app in the QuickBooks app store. 

What used to be a daunting 12-step trust accounting process in QuickBooks Online is now a simple part of the legal invoicing workflow: You can make trust deposits and pay invoices from trust using LeanLaw. The real-time data gives your clients true value and makes you a trusted adviser. 

Learning Objectives


  • Identify the most effective way to set up the law firm’s chart of accounts properly 

  • Understand how to locate client retainer balances and deliver a customized statement to the client.

  • Grasp the steps for legal trust accounting in QuickBooks Online and what can be automated.

  • Learn the basics of three-way trust reconciliation.  

  • Determine the requirements for state Bar compliance and how to meet them.

Not logged
PLEASE NOTE: ARCHIVED WEBINARS DO NOT QUALIFY FOR CPE
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Jonathon Fishman

LeanLaw Legal Software
Founder and Chief Service Officer
[email protected]
(208) 570-7800

Leanlaw

For 25 years, Jonathon has participated at an executive level in five early stage efforts, with a knack for translating and interpreting market conditions into internal and external objectives. He has developed businesses around immature markets in the areas of tele-health, educational assessment, interactive television, video game and web development and mobile technology. 

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Artesani

Lynda Artesani is the president of Artesani Bookkeeping where she uses her expertise and organizational skills to help her small business clients grow their firms, thrive and become profitable.  Her specialty is working with attorneys, real estate clients and start-ups.

Lynda was recognized by Intuit and invited to be a member of the Intuit Advisory Council and the Intuit Trainer Writer Network.  Additionally, she is the first Expert Columnist for the QB Community forum.  She also co-admins a Facebook group with Matthew Fulton to help other business owners with QuickBooks, marketing, apps, workflow challenges and much more.  The group is called QB Community Live!

Originally from Rhode Island, Lynda relocated to Estero Florida.  She is a registered yoga teacher and teaches two classes per week.  Connect with Lynda on Facebook or Twitter @lynda_artesani and subscribe on YouTube at Artesanibookkeeping

About Our Presenter

Leanlaw
LeanLaw is a software service for law firms working in QuickBooks Online and QuickBooks Online Advanced, looking to streamline their timekeeping / billing / reporting workflow. LeanLaw positions QuickBooks Online as the source of truth, meaning, one general ledger and NO manual work between applications.

The LeanLaw Accounting Pro program was created out of our law firm clients’ need to connect with accounting experts. These lawyers understand that accountants and bookkeepers who are proficient with LeanLaw software can make dramatic changes in the efficiency and profitability of their law firms.