In this learn QuickBooks training tutorial, you will learn how to manage all your clients’ financial data. This can be tricky when you have clients who go from paying in advance of the legal services received, to a client that pays long after receiving the service. This means that there balance was part of “unearned legal fees”, (with all the other clients who pay in advance), to “legal fees receivable”, which is the account that represents All the money owed to the law firm from all clients, in total, who pay long after the service is given. Both of these are “accounts receivable” type of accounts because they represent a group total balance of individual customers. When a client moves from 1 condition to another (early to late or late to early), you must adjust their transactions, so their balance is reflected in the proper accounts receivable account.

It’s true that law firms, compared to other types of companies, have specific bookkeeping requirements that come from whatever State Bar Association they operate under. These regulations describe the bookkeeping methods and techniques that law firms must follow in order to keep proper books and records of law firms and manage clients’ financial records properly. All the things that an attorney in a law firm would need to follow, require specific steps and procedures that the law-firm must follow when using QuickBooks. This Attorneys Desktop QuickBooks playlist was also intended to give the bookkeepers of a law firm every possible thing they need to be able to do when using QuickBooks Desktop when applied to the topics that are unique and require special attention from the accountants of law firms and self-employed attorneys. Every topic in QuickBooks online that a lawyer could ever need will be in this playlist.
Here is the link to the main attorney’s playlist that this video is a part of.

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Here is the link to the Attorney’s file set up in QuickBooks desktop

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Here is this video’s equivalent in QuickBooks Online



Here is a link to the advance desktop attorney’s playlist

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