QuickBooks Setup for Law Firm
QuickBooks comes with various tools and advanced tools. It is specially made for small and medium-sized business owners. QuickBooks is not only used in manufacturing units and other small businesses also but also used by lawyers everywhere. QuickBooks is not using only in one sector but almost everywhere. Today we will discuss the QuickBooks Setup for Law firm. Accounting is also used in law firms and hence QuickBooks is also very useful in Law firms. Manage your accounts from anywhere without putting any effort. Bill the clients, manage the cost, and track the time in one to go. Steps to set up the Law firm chart of accounts in QuickBooks To set up the law firm account in QuickBooks, simply proceed with the below steps: Create a new bank account with the name “client trust fund checking”, which will be used to track all transactions such as all deposits and payments from your client’s trust funds Set to this account as an IOLTA account at a financial institution approved