Unpacking the Law Firm Chart of Accounts
In this episode we break down the essentials of building and maintaining a strong chart of accounts for law firms.
Learn common COA mistakes, best practices for trust, IOLTA, and equity accounts, and how proper setup supports compliance, reporting, and smoother audits.
00:27 Understanding the Chart of Accounts (COA)
01:02 Importance of Proper COA Setup
01:51 Common COA Mistakes and Solutions
02:19 Handling Trust and Liability Accounts
03:01 Equity Section and Professional Presentation
06:24 Advanced Client Costs and Operating Expenses
08:33 Payroll Systems and Software Integration
12:30…
The skinny
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