Clear, practical guides on keeping QuickBooks clean and law-firm trust accounts compliant — for small business owners and attorneys.
IOLTA three-way reconciliation confirms that three balances match: the trust bank account, your firm's trust ledger, and the sum of every client's individual ledger. Here's how it works and why it matters.
A step-by-step guide to reconciling an attorney IOLTA trust account in QuickBooks Online: set up client sub-ledgers, reconcile the bank, and run a three-way reconciliation that matches to the penny.
Costs a law firm advances on a client's behalf — filing fees, court costs, expert fees — should be booked as Client Cost Advances (an asset), not as expenses. Here's why, including the tax-law reasons.
A practical comparison of the ways law firms manage IOLTA trust accounting — spreadsheets, practice-management suites, dedicated trust tools, and QuickBooks + AI — with the strengths and trade-offs of each.
A QuickBooks financial health check is a systematic review of your books for errors and red flags across reconciliation, duplicates, categorization, aging, and data integrity — scored so you know what to fix first.
A practical checklist to clean up QuickBooks Online: clear Undeposited Funds, fix Opening Balance Equity, remove duplicates, categorize transactions, and reconcile every account.
What to look for in an AI assistant for QuickBooks Online — natural-language queries, an automated health scan, and accurate data handling — plus how QB Assistant compares.
Hidden cash in QuickBooks comes from unbilled work, aged receivables, unapplied credits, duplicate payments, forgotten subscriptions, and missed deductions. Here's how to surface it.