Zumifi for Attorneys
Law firms have special accounting requirements. Most attorneys work on retainers, and must hold those retainers in a dedicated IOLTA trust account until they have “earned” fees for services performed. This means that there is a legal obligation to hold those monies separately, and carefully account for any transfers that go into the firm’s regular operating account to pay the firm’s expenses. ZumiFi is experienced working with this type of trust accounting, having worked with companies in this area since 2002. We know all about the requirements, the tools, and the best practices to ensure your firm is accounting for all activities cleanly and clearly. Read more below.
More info for Attorneys
Cash Flow Management
You cannot touch the monies in the trust account until you earn them, but you need monies to keep your operations flowing, the bills paid and payroll covered. ZumiFi can help you monitor your cash flows to ensure everything is covered by keeping your books up to date in real time, and anticipating future cash outlays. We will also ensure that the monies get transferred over from the trust account promptly, so there’s no waiting to handle your business.
Third-Party Billing Systems
We work with all the major legal billing platforms like Clio, Bill4Time, Rocket Matter. Often managing several for different clients at once. For attorneys using separate time-tracking tools like TSheets, we handle billing directly in QuickBooks Online, keeping everything connected no matter what's in your stack. Let's talk through the right setup for you and your team, so time gets captured accurately and billing becomes effortless.
