Chart of accounts for a legal practice
Law firm books revolve around matters, retainers and disbursements. HelloBooks starts firms with this structure and a project per matter.
- Fee income by practice area: litigation, corporate, real estate, employment
- Client retainers held, applied against invoices
- Disbursements paid for clients: court fees, notary, translation, attestation
- Unbilled time and work in progress
- Professional indemnity, licence renewals and legal research subscriptions