General Questions
Law firms have to comply with strict trust accounting rules and often manage client funds that require detailed tracking. Unlike general bookkeeping, legal bookkeeping includes client-specific ledgers, trust account reconciliations, and strict separation of funds. Errors can lead to ethical violations or even license suspension. We’re here to make sure that doesn’t happen.
Absolutely. We specialize in trust accounting and help law firms meet all IOLTA (Interest on Lawyers’ Trust Accounts) requirements. This includes monthly three-way reconciliations, maintaining individual client ledgers, and keeping your trust funds separate from your operating accounts. We make sure your records are clean, accurate, and audit-ready.
Yes. We support attorneys across a wide range of practice areas, including family law, personal injury, estate planning, criminal defense, corporate law, and more. Our bookkeeping services are flexible and scalable, so whether you're a solo practitioner or part of a larger firm, we’ll structure your books to reflect your unique workflow.
We typically provide monthly financial reports, bank reconciliations, and trust account reviews, but we can customize the frequency to match your firm’s needs. Staying current with your books means better decisions and less stress, especially during tax season or audits.
Yes, and no judgment here. Many of our law firm clients come to us with messy or outdated books. We’ll perform a full cleanup, identify any compliance issues, and put systems in place to prevent future problems. The goal is to give you clarity, confidence, and clean, compliant records.
We’re fluent in several platforms, including QuickBooks (Online and Desktop), Clio, CosmoLex, and other legal-specific systems. We’ll recommend tools that work best for your firm’s size, goals, and compliance needs. Already have a preferred system? We’ll work with it.
Yes. We stay up to date with Kentucky-specific rules and trust accounting standards, so you don’t have to worry about missing anything. Our job is to make sure your books align with both state and federal guidelines.
Start with a no-obligation consultation. We’ll talk through your current bookkeeping setup, identify any risks or opportunities, and create a plan tailored to your firm. Whether you need help with trust accounting, cleanup work, or ongoing support, we’re ready to help.
When your books are in order, everything else runs smoother. Let’s take the stress out of trust accounting and put systems in place that support your growth. Contact Chamberlain & Good Company today and find out how we’ll help your law firm thrive—financially and ethically.
Chamberlain and Good Company LLC
Louisville, KY 40206
(502) 579-8650
Monday-Thursday
9:00 am to 4:00 pm EST
Facebook
Instagram
LinkedIn
Youtube