Law firms and professional services businesses operate in a demanding financial environment — one where billing precision, trust account compliance, partner distributions, and profitability management all require specialized attention. At Yartey & Associates, we understand the financial dynamics unique to service-based firms and bring the accounting expertise to keep your practice financially healthy, compliant, and positioned for growth.

Whether you’re a solo practitioner managing your own books or a multi-partner firm that needs stronger financial oversight, we provide tailored accounting, bookkeeping, and advisory services that fit the way professional services businesses actually work.

How We Serve Law Firms & Professional Services Firms

• Bookkeeping & Financial Recordkeeping: Maintaining accurate, up-to-date books tailored to the billing and revenue recognition patterns of service-based firms.
• Trust Account Accounting (IOLTA): Managing and reconciling client trust accounts in compliance with state bar requirements — ensuring funds are properly tracked, segregated, and reported.
• Partner & Shareholder Distributions: Calculating and recording partner draws, profit distributions, and equity allocations accurately and in accordance with your partnership or operating agreement.
• Billing & Revenue Tracking: Monitoring billed and collected revenue, realization rates, and work-in-progress to give firm leadership a clear view of financial performance.
• Accounts Payable & Expense Management: Managing vendor payments, overhead expenses, and reimbursable client costs so nothing slips through the cracks.
• Payroll Coordination: Managing payroll processing with your vendor, tax filings, and compliance so your team gets paid accurately and on time, every time.
• Outsourced Controller Services: Providing fractional financial leadership for growing firms that need strategic oversight, stronger reporting, or help preparing for a merger or transition.

Why Professional Services Firms Choose Us

Experience with the billing structures, trust accounting rules, and tax considerations unique to professional services firms.

• CPA oversight on all engagements, with year-round availability — not just at tax time
• Discreet, confidential handling of sensitive financial and partner information
• Clear financial reporting that gives firm leadership real visibility into performance
• Scalable services that grow with your firm, from solo practice to multi-partner operations