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One Park Place, Suite 3A

Plymouth, MA 02360

(508) 746-4663

By Fax at:
(508) 746-4889

IOLTA Accounting Services for Attorneys

Attorney Accounting Services- Plymouth Massachusetts

Avoid BBO Disciplinary Admonitions for Trust Account Violation of Mass R Prof.C.1.15

Why Do You Need an Accounting Firm that Specializes in IOLTA Accounting?

Interest on Lawyers’ Trust Accounts, or “IOLTA”, is a program mandated by the Supreme Judicial Court that requires lawyers and law firms to establish interest-bearing accounts for their client deposits.
If the trust account is mismanaged in a manner that was preventable, the attorney will be found responsible even if a secretary or bookkeeper was actually doing the record keeping and may be subject to a BBQ audit.

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A trust account cannot simply be delegated to a staff person untrained in trust account record keeping.
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The lawyer is responsible to insure that the staff person is actually maintaining the records properly, that the receipts and disbursement journal and subsidiary ledgers are being kept up to date. (We 
do that for you) 

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Reconciliation insures that any inadvertent error – an arithmetic mistake, a deposit check mistak enly not deposited – will be found within a month, and with luck, before problems (think bounced checks) occur.

Experienced IOLTA Accountants

The staff at Bakken CPA PC is trained in Trust Account Mass. R. Prof. C. 1.15 requirements. We set up, maintain and prepare the required ‘3 way’ reconciliations for IOLTA Trust Accounts for attorneys. We have helped attorneys being audited by the 880 (Board of Bar Overseers) bring their accounts into compliance and we work with attorneys wish- ing to avoid being audited by the 880. Don’t wait until it’s too late to comply. 


“Bakken CPA is the only accounting firm I will ever need. It is a good feeling to have a local trusted accounting firm that can handle my professional and personal accounting all under one roof. The customer service is top notch professional and courteous. Lauren and Elizabeth have always made themselves available for advice and any other matters that come up throughout the year. For a small business owner that kind of service is invaluable!”

Gene V.

Accounting for businesses

Bakken CPA believes that smart financial decision making depends on timely and accurate information.  We have developed Acc$Sys™ Evaluator, an Accounting System Diagnostic Evaluation program in which we find the elements in your accounting system in need of improvement.  Acc$Sys™ Evaluator clearly shows the weaknesses and strengths in your accounting system by issuing a score from 1-100.  Included with the score is a professional recommendations report on how to improve your score.

Bookkeeping

Bookkeeping is done through our LegUp Accounting Division.  Bookkeeping is tailored to your needs, in your back office, remotely, or in our office.  LegUp Accounting is your outsourced accounting service for your business.  Outsourced bookkeeping is meant to replace your in-house bookkeeper who is not trained to provide excellent top-quality bookkeeping.  We are!  We have experienced trained bookkeepers under the leadership of accountants and CPAs.

Client Education

We talk your language!  We want you to understand! We want you to learn! So we offer client education through blogs, downloads, newsletters, workshops and hands on training.

How We Do What We Do

 

We have developed and utilize a 5 step PRO~CORE™ Process which enables us to identify your needs and develop a plan best suited to those needs, creating a positive client experience. PRO~CORE™ stands for a PROactive Comprehensive Approach to Organization, Resulting in Excellence.  We use this process in our office and with our clients.

Our Office is Conveniently Located in Plymouth Massachusetts

Contact Our IOLTA & Law Firm Accounting Experts Today!

 

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