Accounting & Money Movement Services
Accounting & Money Movement for Law Firms
Welcome to Lancaster CPA, where we specialize in managing law firms’ financial flows with precision and legal expertise. Founded by Knight Lancaster, an attorney and CPA with experience across diverse legal practices, our Accounting & Money Movement services ensure seamless handling of inflows and outflows, keeping your firm compliant, consistent, and operationally efficient.
Why Law Firms Need Expert Money Movement Management
Law firms handle a variety of funds flows, including client retainers and settlements, as well as payroll and vendor payments all of which can use different bank accounts. Mismanagement can lead to cash flow disruptions, compliance failure, or damaged relationships. Our money movement services go beyond basic “bill payment” by also handling trust account disbursements and hands-on oversight tailored to the unique demands of legal operations.
How We Handle Accounting & Money Movement
We manage the entire flow of money in and out of your firm, including:
- Accounts Payable and Vendor Payments: Timely processing to avoid delays and maintain strong vendor relationships.
- Trust Account Disbursements: Initiating approved trust account disbursement requests on our agreed terms to provide reliable and consistent client funds management.
- Payroll & Partner Compensation: Scheduling and management of employee payroll and attorney compensation.
- Billable Expense Evaluation: Evaluating estimated total billable charges against total charges actually billed to clients.
- Cash Flow Monitoring: Real-time oversight of inflows (e.g., client payments, retainers) and outflows (e.g., firm expenses & billable expenses) to prevent unknown cash flow surprises and inconsistencies.
By intentionally tying the money movement process to the accounting process, we are able to build a clean workflow that separates legal decision-making from operational execution.
Key Benefits for Your Law Firm
- Step Back Confidently: Retain full visibility without having to manage the process.
- Control Without Conflict: Avoid personal conflicts by removing yourself from the operational process.
- Cash Flow Visibility: Enhance ability to spot irregularities and make forward-looking decisions.
- Integrated Accounting & Money Movement: Increase accuracy from combining money movement with accounting context, avoiding the errors, incompleteness, or ambiguity that comes with disconnected processes.
- Reliable System: Maintain transparency and accountability using a complete workflow that makes the routine items routine, provides a mechanism to surface urgent disbursement requests, and allows time to complete the urgent requests.
We’re transparent with our pricing.
Aspect
- Inflows
- Outflows
- Cashflow Monitoring
Key Focus
- Client payments, retainers, settlements
- Payroll, rent, vendor payments
- Trust account disbursements
- Real-time oversight
Benefit to Law Firms
- Ensures consistency & cashflow insight
- Prevents disruptions and maintains relationships
- Reduces risk and supports strategic decisions
Client Testimonial
Adding Knight’s services to our operations has been tremendously helpful in streamlining our accounting, bookkeeping, and financial functions. Further, having Knight as a resource has been extremely valuable for strategic planning regarding big-picture financial outlook decisions as well as streamlining day-to-day business and accounting functions. The accuracy of Knight’s and his team’s work has been outstanding and is a huge improvement over our previous “DIY” approach. Knight has enabled us to focus more on the legal work we want to be doing and essentially outsourcing what used to be accounting and financial headaches.
Paul Zimmer
Managing Partner of Zimmer & Rens LLC (8-Attorney Firm)
Why Choose Lancaster CPA
Ready to Level Up Your Firm’s Financial Operations?
Take control of your money movement and ensure compliance with ease. Schedule a free consultation today to see how Lancaster CPA can transform your operations.
Let’s talk about your practice. Start the conversation today.
Download our free guide: Law Firm Financials for Attorneys, by Attorneys to learn more about managing money movement, avoiding mistakes, and improving financial health.