Bookkeeping for Lawyers
Trust accounting support, retainer tracking, and compliant reporting for law firms across Canada and the United States.
Majoka Accounting Ltd. provides bookkeeping built around how law firms actually operate: client trust funds that must be kept separate from operating accounts, retainers that get drawn down case by case, and billing that mixes hourly, flat-fee, and contingency arrangements. We keep your firm's books accurate and current so partners and office managers always have a clear financial picture.
Introduction
Law firm bookkeeping carries a layer of responsibility most small businesses don't have to think about: client trust funds. Mixing trust and operating funds, even accidentally, creates a compliance problem, not just a bookkeeping one. Majoka Accounting Ltd. works with sole practitioners, small firms, and multi-partner practices to keep trust accounting, retainers, and general operating expenses properly separated and reconciled.
We support law firms across Canada and the United States, including firms billing hourly, on flat fees, on contingency, or a mix of all three. Our bookkeeping gives your firm a clean, current view of billable recovery, retainer balances, and firm profitability.
Why Bookkeeping Matters for Lawyers
A law firm's trust liability and operating cash are two entirely different things, and treating them as one creates risk with your law society or bar association as much as it creates confusion internally. Accurate bookkeeping keeps these funds clearly separated and properly reconciled at all times.
Clean books also matter for partner draws and profit distributions, understanding true realization rates on billed time, and giving your accountant reliable numbers for year-end filing instead of a reconstruction project.
Common Financial Challenges
Our Bookkeeping Solutions
Trust Accounting Support
We reconcile trust accounts separately from operating accounts and track retainer balances by client, supporting your firm's regulatory recordkeeping obligations. Trust compliance itself remains the responsibility of the firm and its lawyers; we support the bookkeeping side of that process.
Matter-Level Cost Tracking
For contingency and flat-fee matters, we track case-related costs by matter so you know true profitability once a case resolves.
Partner Draw & Distribution Support
We maintain clean records that support partner draw calculations and year-end profit distributions, ready for your accountant's review.
Services Tailored for Lawyers
Operating account entry, bank reconciliation, monthly financial statements
Rebuilding backlogged operating and retainer records
Correcting miscoded trust and operating entries
Associate and staff payroll, remittances, year-end slips
Vendor, expert, and filing fee invoice tracking
Monthly profit and loss and matter-level cost summaries
Benefits of Outsourcing Bookkeeping
Software We Support
Industries We Also Serve
Alongside law firms, we support Medical Clinics, Dentists, Construction Companies, Realtors, Restaurants, Nonprofits, Consultants, and E-commerce Businesses.
Why Choose Majoka Accounting Ltd.
Majoka Accounting Ltd. is led by Managing Director M.A. Majoka, with Managing Partners Syed Mubashir Hassan and Ali Majoka. We support law firms across Canada and the United States remotely, using secure cloud systems and consistent monthly reporting. We are not a CPA firm and do not perform audits, and we do not provide legal or regulatory trust compliance advice, our focus is accurate, current bookkeeping that supports your accountant and your firm's internal recordkeeping.
Our Simple Process
Frequently Asked Questions
Keep Your Firm's Books Clean and Compliant
If trust accounting and retainer tracking are making your firm's books hard to manage, Majoka Accounting Ltd. can help. Book a free consultation and we'll show you exactly where your firm's numbers stand.
Related Industries We Work With
Businesses like yours often ask us about these too. Each page covers the bookkeeping that sector actually needs.
Book a Free Consultation
Tell us how your business works and we'll show you exactly where your books stand, with a fixed monthly price and no obligation.