Your clients trust you with their most pressing problems.

We handle the numbers so you can stay focused on that.

Law firm finances are complicated. IOLTA trust accounting, inconsistent cash flow, case-level expense tracking, partner distributions - the list is long. Most bookkeepers aren't equipped for it. We are.

At Reconciled Solutions, we measure success in three ways:

TIME SAVED

TIME WELL-SPENT

TIME INVESTED

TIME SAVED

Spend your time on what matters, to you and the business.

After starting work with Reconciled Solutions, Woodall Law Firm's revenue grew by 83% and they saw their highest-earning year on record-without adding financial admin burden to the owner.

QBO and Practice Panther aligned so data flows cleanly: no manual reconciliation between systems.

Expense categories standardized and automated, reducing month-end cleanup from hours to minutes

Payroll restructured to eliminate manual errors and reduce owner involvement in routine cycles

TIME WELL-SPENT

Find out what can happen when you can see your numbers clearly.

Dan's gross profit climbed while maintaining a team that operates with clear accountability and measurable goals.

IOLTA and trust accounts reconciled cleanly every month, eliminating compliance anxiety

Strategic sessions replace reactive scrambles. The owner makes financial decisions from a position of clarity.

Attorney performance conversations grounded in data, improving culture and reducing partnership tension.

TIME INVESTED

We help you do the intentional work now to build something that lasts.

Woodall Law Firm moved from from salary-heavy pay to a more tax-efficient salary/distribution mix.

Weighted Attorney Cost model shows true cost per fee earner, enabling confident hiring and compensation decisions

Attorney bonus system designed around collected revenue and profitability, not arbitrary billable hour quotas

Transparent, fair, and grounded in your firm's actual profitability. Structures that improve culture as much as they improve the bottom line.

You became an attorney to serve clients, not to wrestle with spreadsheets at midnight.

At $700K in revenue, something shifts. The DIY approach that got you here starts costing you more than it saves. Bookkeeping errors create compliance risk. Cash flow surprises slow decisions. Your time, the most billable asset you have, drains into administrative work that never quite feels done.

Reconciled Solutions works with law firms that are scaling from strong to exceptional. We bring specialized knowledge of IOLTA trust accounting, case-level profitability, attorney compensation models, and Profit First cash flow systems. We don't just clean up your books. We help you run a more profitable, sustainable firm.

Here's what Reconciled Solutions brings to your firm.

Cash Flow

FORECASTING

No more reactive decisions based on last month's bank balance.

PROFIT FIRST

Cash Management

We implement the system so profit is built in, not hoped for at year end.

Performance

DASHBOARDS

Make intentional decisions about where to grow, hire, and invest.

COMPENSATION

Structure Design

Attorney bonus models tied to real contribution, not arbitrary hours.

Compliance, clarity, and cash flow confidence, delivered.

Get Started

"Reconciled Solutions has helped us design bonus plans, understand true attorney profitability, and make smart tax and compensation decisions. I want to express my sincere appreciation for the good work they do for us. I'm looking forward to a prosperous, productive, and profitable year ahead."

DAN WOODALL

WOODALL LAW FIRM

CLIENT SUCCESS STORY

"Reconciled Solutions is far more than a bookkeeping service. They've become a trusted strategic partner in the growth of our firm."

TIME INVESTED ∙ TAX STRATEGY ∙ STRATEGY & GROWTH

When Dan Woodall first partnered with Reconciled Solutions, his firm was growing, but the business side wasn't keeping pace. Revenue was climbing, but profitability bounced around, attorney compensation felt murky, and Dan didn't have clear visibility into what was actually driving his numbers.

We built the financial infrastructure his firm needed to grow with intention. We aligned Practice Panther with QuickBooks, built a Weighted Attorney Cost model, and designed a bonus system tied to actual collected revenue, not arbitrary billable hour targets, improving both profitability and firm culture.

We also restructured Dan's owner compensation to a more tax-efficient salary/distribution mix, a shift that saves him an estimated $10,000 per year. As the firm grew past $1M, we added custom dashboards showing revenue, gross profit, and attorney-level performance at a glance, turning financial conversations from reactive to intentional. We also built a dedicated tax liability dashboard, which is critical for a firm where large case settlements can land unpredictably. When a major settlement hits, the last thing a firm owner should be is surprised by the tax bill that follows. Having a monthly view of estimated tax liability, updated as case outcomes shift, lets Dan plan distributions and estimated payments with confidence instead of scrambling at year end.

Year-round clean books mean tax season is a review, not a rescue operation.
Financial admin removed from the attorney's plate, time returned to billable work and client service.
Custom dashboards showing revenue, gross profit, net income, and attorney-level performance at a glance.
Practice area profitability tracking provides clarity around which work to grow and which to phase out.
Long-term succession and firm vision included in financial planning conversations.
Owner's confidence compounded: from guessing at numbers to leading a data-driven firm.

"What I appreciate most is how proactive and thoughtful they are. When something looks off, they ask questions. When decisions are needed, they explain the options clearly. Reconciled Solutions doesn't just keep the books - they help you feel in control of your business."

IRENE CAMINER

CAMINER LAW, LLC

"Reconciled Solutions took the time to understand how my firm actually operates. Instead of forcing a one-size-fits-all approach, they helped clean up and organize our books so the financials finally made sense in context."

2 Distinct practice areas brought into one clear financial picture

May 2026 First strong positive net income month after expense visibility and cleanup

Zero Operational disruption during a full QBO structural overhaul

Caminer Law operates across two distinct practice areas: government and infrastructure work with long payment cycles, and estate planning with faster cash flow. That dual-practice model creates a financial picture that most bookkeepers can't make sense of. The books were functional, but the numbers didn't tell the full story.

We came in, reviewed the QBO diagnostic findings, and addressed the structural issues: Chart of Accounts alignment, undeposited funds, AR application errors, payroll mapping, and balance sheet inconsistencies. None of it required disrupting daily operations. Within months, expense drivers became visible, the AR picture cleared up, and Irene had a monthly financial report that actually reflected how the firm works - not just what hit the bank account.

For a solo-owner firm, that shift matters. Less time decoding reports. More time practicing law. And a financial partner who proactively flags what's changing and why, before it becomes a problem.

The 7 Financial Struggles Every Growing Law Firm Faces

YOU'RE NOT ALONE!

If you recognize yourself in this list, you're in exactly the right place.

Trust Accounting That Keeps You Up at Night

THE PROBLEM:

IOLTA compliance isn't optional, and the consequences of mishandling client funds are severe. Most general bookkeepers don't understand the bar association rules well enough to keep you protected. Every month should close with trust accounts fully reconciled, client-level sub-ledgers documented, and nothing left to chance.

HOW WE HELP:

We reconcile your trust accounts every month and maintain individual client sub-ledgers that meet bar association standards in your state. When you walk into an audit, your records are clean. Trust accounting isn't a workaround for us, it's part of our core service for every law firm client.

The Cash Flow Rollercoaster

THE PROBLEM:

Retainers come in, cases drag on, and settlements land in waves. Revenue is inconsistent by nature - and without a system to plan around that, you're reacting. Cutting expenses in lean months, overspending in flush ones, and never quite feeling like you have a handle on where things stand. And when a major settlement finally does land? It can trigger a tax liability you weren't prepared for.

HOW WE HELP:

We model your retainer cycles, case timelines, and revenue patterns to build a cash flow forecast that accounts for how law firms actually operate. Using Profit First, we structure your accounts so the boom extends further and the lean months don't catch you off guard. We also build a tax liability dashboard that updates monthly - so when a large settlement hits, you already know what it means for your estimated tax payments. No year-end surprises. Just a clear picture, every month.

Billable Hours Spent on Bookkeeping

THE PROBLEM:

Every hour you spend reconciling accounts or chasing expense receipts is an hour not billed. At $250, $350, or $500 per hour, the math is painful. You didn't go to law school to categorize transactions, but that's where your evenings keep going.

HOW WE HELP:

We take bookkeeping, reporting, and financial admin completely off your plate. Month-end closes on schedule. Reports land in your inbox with context, not just numbers. You spend your time practicing law and leading your firm. We handle the rest.

Case Expenses That Disappear

THE PROBLEM:

Expert witnesses, filing fees, court reporters, investigator costs: if these aren't tracked at the case level, they don't get billed back. Missed expenses become absorbed losses. Over the course of a year, this quietly adds up to a significant amount of revenue that walks out the door unbilled.

HOW WE HELP:

We build expense tracking systems that capture every cost at the case or client level and connect them back to your billing workflow. Nothing falls through the cracks. Every reimbursable expense gets captured, categorized, and flagged for invoicing, so you're billing everything you've earned.

Partner Compensation Tension

THE PROBLEM:

When bonus structures feel arbitrary and distributions feel unclear, friction follows. Attorneys who can't see a direct connection between their work and their compensation become disengaged. Conversations about pay become tense instead of motivating. The problem usually isn't the people; it's the lack of a clear, transparent model.

HOW WE HELP:

We build attorney compensation models grounded in real data: Weighted Attorney Cost analysis, revenue-per-attorney tracking, and bonus structures tied to actual collected revenue and profitability. The result is a system attorneys understand and trust, and a framework that rewards contribution fairly across your whole team.

Growing Too Fast Without the Systems to Support It

THE PROBLEM:

Adding attorneys and staff creates financial complexity fast. Payroll, benefits, overhead allocation, performance tracking - the systems that worked at $400K break down by the time you hit $1.5M. Without intentional financial infrastructure, growth creates chaos rather than confidence.

HOW WE HELP:

We build scalable financial systems designed to grow with your firm. From hiring models that tell you exactly how much MRR you need to afford a new attorney, to KPI dashboards that show firm health at a glance, we give you the infrastructure to make growth feel like progress, not overwhelm.

The cash flow rollercoaster isn't a discipline problem.

It's a structure problem.

Most law firm owners assume the feast-or-famine cycle is just part of the business. A big retainer lands and things feel fine. Then a case drags into next quarter, a settlement gets delayed, and suddenly you're wondering if you can cover payroll and still take a draw.

The problem isn't that you're bad with money. It's that law firm revenue is structurally uneven, and most financial systems are built for businesses where income arrives on a predictable schedule. Yours doesn't. Without a cash management system designed around that reality, you'll keep reacting instead of planning, no matter how many great clients you bring in.

This is what Profit First solves. By allocating every dollar into purpose-built accounts the moment it hits your operating account, you always know what's available for payroll, taxes, and owner's pay, even during the slow stretches.

The financiers using calculator calculating personal taxes with colleagues in office workplace.

How law firms go from financial stress to financial confidence

We start with a no-pressure conversation about where your firm stands. What's working, what isn't, and where the biggest opportunities are.

This is where clarity begins.

Discovery and Diagnosis

First, we review your books, billing systems, and financial structure. We look for the gaps between what your numbers show and what's actually happening in your firm - trust account accuracy, expense categorization, payroll integrity, and cash flow patterns.

Build Your Financial Infrastructure

Next, we clean up and organize your books, align your practice management software with QBO, and establish the account structure for your Profit First system. You'll have clean, accurate numbers for the first time...maybe ever.

Ongoing Strategy and Support

Monthly bookkeeping plus regular advisory sessions: not just reports, but real conversations about what the numbers mean and what to do next. We bring frameworks like Profit First, Fix This Next, and Pumpkin Planning into the work, helping you identify your highest-value clients and eliminate the work that drains the firm. We can also support hiring decisions, role definition, group performance plans, and structured quarterly planning cadences so your whole team is rowing in the same direction.

Scale with Confidence

As your firm grows, your financial infrastructure grows with it. We help you identify the right time to add attorneys, what each new hire actually costs the firm, and how to build compensation structures that scale without creating resentment. New practice areas, succession planning, ownership transitions - we're in those conversations before the decisions are made, not cleaning up afterward.

FAQs

Do you specialize in law firm bookkeeping, or is this just one of many industries you serve?

Law firms are one of our primary niches. We work specifically with service-based businesses - including attorneys, MSPs, Direct Primary Care physicians, and mental health practices - where the financial complexity goes beyond standard bookkeeping. We understand IOLTA trust accounting, contingency fee structures, billing software integration, and the compensation dynamics that come with multi-attorney firms. This isn't generalist bookkeeping applied to your industry. It's specialized expertise built for it.

We already have a bookkeeper. What would working with Reconciled Solutions add?

Most bookkeepers categorize transactions and close the month. That's where we start - but it's not where we stop. We bring strategic advisory alongside the bookkeeping: cash flow forecasting, attorney performance dashboards, compensation modeling, Profit First implementation, and proactive conversations about what your numbers mean. If your current bookkeeper doesn't flag tax savings opportunities, doesn't understand IOLTA requirements, or can't tell you which practice area is most profitable, there's a gap worth filling.

What is Profit First, and is it right for a law firm?

Profit First is a cash management system developed by Mike Michalowicz. Instead of waiting to see what's left after expenses, it allocates revenue across dedicated bank accounts - profit, owner's pay, taxes, and operations - every time money comes in. For law firms, it's particularly powerful because it creates stability through the retainer-to-settlement cycle and ensures the owner gets paid consistently rather than only in flush months. The methodology has been adapted specifically for the legal profession by RJon Robins in Profit First for Lawyers, which addresses the unique cash flow patterns, trust accounting considerations, and profitability levers that apply to law firm owners. As Certified Profit First Advisors at the Designer Level, we customize the full system for your firm's structure and revenue model.

Can you work with our practice management software?

Yes. We work with Clio, Practice Panther, MyCase, TimeSolv, Smokeball, and other legal practice management platforms. A major part of what we do is aligning your billing system with QuickBooks Online so your books accurately reflect your actual revenue, case expenses, and trust activity. This integration work is one of the biggest sources of bookkeeping error in law firms, and it's something we address directly.

How do you handle trust/IOLTA accounting specifically?

Trust accounts require a separate ledger that tracks client funds individually - every dollar in and out must be matched to a specific client matter. We reconcile your trust accounts every month, maintain client-level sub-ledgers, and document everything to meet bar association standards. Trust accounting errors are among the most serious compliance issues an attorney can face, and we treat them with the attention they deserve. You'll always know your trust accounts are clean.

What size law firm do you typically work with?

Our law firm clients are typically small to mid-sized firms - from solo practitioners approaching $500K to multi-attorney firms scaling toward $3M or beyond. The sweet spot is a firm that has outgrown DIY bookkeeping and needs real financial infrastructure, but isn't large enough to justify an in-house CFO. We serve as a fractional financial team: bookkeeping, strategy, and advisory in one relationship.

What does it cost to work with Reconciled Solutions?

Pricing is based on your firm's size, complexity, and the scope of services that fit your needs. We build custom engagements rather than applying a one-size-fits-all package. The best first step is the free Profit Assessment - it takes about 15 minutes, gives you real insight into where your firm stands, and lets us have an honest conversation about what working together would look like and cost.

What if, rather than serving your business, your business served you?

The Profit First Formula

Sales-Expenses=Profit
Sales-Profit = Expenses

The GAAP (Generally Accepted Accounting Principles) formula for determining a business's profit is Sales - Expenses = Profit. It is simple, logical and clear. Unfortunately, it's a lie.

The formula, while logically accurate, does not account for human behavior. In the GAAP formula profit is a left over, a final consideration, something that is hopefully a nice surprise at the end of the year. Alas, the profit is rarely there and the business continues on its check to check survival.

With Profit First you to flip the formula to Sales - Profit = Expenses. Logically the math is the same, but from the stand point of the entrepreneur's behavior it is radically different. With Profit First, you take a predetermined percentage of profit from every sale first, and only the remainder is available for expenses.

Start your transformation

A business
game-changer...
we know from experience.

The Profit First method is a cash management system that ensures that, no matter how much income a business owner generates, they always get paid FIRST. We believe in Profit First and we know it works because we have implemented the Profit First system ourselves.

Our profit grew by 61% within the first 12 months, while our revenue was only up 4%!

Angie Noll and her team are Mastery Certified Profit First Professionals, making Reconciled Solutions one of the few firms nationwide with her level of expertise at helping entrepreneurs and small businesses maximize and drive profitability.

Don't change habits. Leverage them.

Many entrepreneurs try to force themselves to become better at accounting. They try to become more disciplined in their fiscal management using pure willpower. But just like a muscle, willpower can be drained.

In a moment of financial stress or bigger than expected expenses, many entrepreneurs will break their own fiscal rules and spend the money they have.

The goal of Profit First isn't to change your habits. That's nearly impossible. Profit First works with your existing habits instead. By allocating your money as it comes in and removing the temptation to "borrow" from yourself, your business will become fiscally strong. You will benefit from regular profit distributions.

Learn more about Profit First

FREE DOWNLOAD

Download the first 2 chapters of Profit First, written by best-selling author, Mike Michalowicz, as our gift to help you on you new and profitable journey to managing your business' finances. For more information or Profit First coaching, contact us.