At Kollect, our approach to the “accounting process” goes beyond traditional AR management and bookkeeping. We don’t just understand the financial pain points firms face; we provide solutions that address those challenges at every level.
For a firm to maintain smooth operations, seamless coordination between its front-end practice software and back-end accounting is essential. Often, compliance issues arise from minor errors in the front-end—the practice management software. Traditional bookkeeping companies don’t use various practice software as we do daily, so they may spot discrepancies in your trust fund accounting but struggle to identify and fix the root cause. They then lack the expertise to prevent these issues from recurring.
Kollect Account Managers, however, offer more than just ensuring payments are collected. Their deep knowledge of your practice software serves as a first line of defense in maintaining balanced books, helping you stay compliant, and ensuring costly mistakes are avoided from the start.
Law firms have accounting requirements most bookkeepers never encounter. These are a few of the areas where we see firms’ books go wrong most often. Click the header of each section to learn more.
Costs your firm pays on a client’s behalf aren’t firm expenses, and repayment isn’t revenue. It’s one of the most common mistakes we find in a new client’s books.
When a client pays part of an invoice, the order the payment is applied in affects how much cash you recover and how much you eventually write off.
Matching your trust account to the bank isn’t enough. A three-way reconciliation confirms every client dollar is properly accounted for and recorded.
Clio, Smokeball, Filevine, MyCase, and PracticePanther feed your books. When the setup is wrong, the problems flow straight into your accounting.
Ninety percent of our clients come to us through word of mouth. Our clients trust us and refer us to their colleagues. If you’re reading this, it’s likely that word has already reached you.
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We’re both. Our Invoicing and Client Management division focuses on revenue generation and collections, while our Accounting division ensures compliance and maintains your financial health. Whether you need one or both services, we provide the best of both worlds, offering tailored solutions to meet your needs.
Whether you’re looking for reliable, straightforward bookkeeping, general AR support, or a
virtual CFO to elevate your business, we’re here to provide the right level of support for you.
Call Us 312-825-7013
Phone Number312-825-7013
