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Accounting Girl

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Accounting Girl Rating:
4.7/5

Features

  • Customer Experience & Support - 9.25/10
    9.3/10
  • Pricing & Value - 9/10
    9/10
  • Security - 10/10
    10/10
  • Innovation & Future-Proofing - 8.5/10
    8.5/10
Comments Rating 5 (7 reviews)
Details

Rating Breakdown

Our Rating: 4.6/5

Our rating is based on our subjective judgment. Use our resources—including our rating and community ratings and reviews—to find the best fit for your firm.

Community Rating: 5/5 (based on 7 ratings)

The community rating is based on the average of the community reviews below.

Composite Rating: 4.7/5

The composite rating is a weighted average of our rating and the community ratings below.

Accounting Girl is a virtual CFO for law firms. For those of you who can’t quite imagine what that is, it’s essentially an outsourced accounting department. This department handles bookkeeping, budgeting, financial projections, payroll, sales taxes, and more. To be clear, it’s not like sending your books off to a separate company to periodically get your accounts in order. Accounting Girl partners with your firm and integrates into your practice to become another part of your office.

Who Should Use Accounting Girl

For the most part, anyone who has enough business to justify hiring a bookkeeper for law firm accounting should consider Accounting Girl. Although, it is important to note, they aren’t bookkeepers. You would be getting a whole lot more in this law firm accounting setup.

Essentially, Accounting Girl is a virtual, part-time accounting department who interacts with your accounts on a daily basis. They refer to themselves as your “virtual CFO.” And, this virtual CFO can help you set-up, plan, and run a profit-first law firm.

Keep in mind, however, that they are not tax accountants. That is not what they do. And it’s not how the relationship is set-up. They can make recommendations for you in this department. But don’t expect a relationship where you send off your “Accountant’s Copy” once-a-month to reconcile your taxes.

Additionally, smaller attorneys who are just starting out, or larger firms who need a full-time accounting department, may not find Accounting Girl to be the right fit.

Pros Cons
Advanced Trust AccountingLack of Integrations
Bookkeeping ServiceNot DIY
CFO ServicesNot for Large Firms
Website
accounting-girl.com
Starting Price
Custom
Accounting Program Necessary
QuickBooks Online
Profit-first Accounting
Yes
Three-way Reconciliation
Yes
Focused on Attorneys
Yes
IOLTA Managment
Yes
Taxes Prepared
Payroll; Sales
LPMS Connections
  • Clio
  • MyCase
  • Cosmolex
  • PracticePanther
  • And More. . .

Accounting Girl FAQs

How much does Accounting Girl cost?

Pricing for Accounting Girl is always specific to the individual lawyer or firm. However, for the most part, they charge a flat-fee to onboard, and then a percentage of revenue as your ongoing fee.

How does Accounting Girl work?

Accounting Girl works directly with your firm, using your practice management and accounting software to provide their services to you.

Does Accounting Girl offer CFO services?

Yes. Accounting Girl provides fractional CFO services to your firm, including business and financial strategy and advice.

Does Accounting Girl integrate with my Law Practice Management Software?

Yes. Since they work with the programs you already have, there is no need for them to technically "integrate" with your software.

Can Accounting Girl handle my law firm's trust accounting?

Yes. Accounting Girl is very familiar with the needs of solo, small firm, and medium-sized lawyers, including three-way reconciliation.

Can Accounting Girl handle my firm's taxes?

Although they can make recommendations, as of this review, Accounting Girl does not handle law firm income tax filings.

Will Accounting Girl manage my bookkeeping?

Yes. Accounting Girl can manage your firm's day-to-day bookkeeping. They will connect with your accountign software, your practice management software, and your online bank account to appropriately manage your day-to-day transactions.

Is Accounting Girl secure enough for my law firm?

Yes. It is never too early to outsource your firm's bookkeeping. Accounting Girl helps solos, small firms, and medium-sized firms alike.

Additional Details about Accounting Girl

Working Relationship

When you first contact Accounting Girl to assist with your finances, you’ll set-up an initial meeting to review the scope of the relationship and the work. Depending on how much back-work needs to be done to assimilate your books, they will quote you a flat-fee for onboarding. Then, as the relationship continues, they charge a percentage of revenue for their ongoing fee.

During the onboarding process, you’ll be migrated to QuickBooks online. After that, if necessary, your accounts will be rebuilt for you in an efficient and appropriate manner. This allows your virtual CFO to access your accounts through the online portal, which obviates the need to send files over the internet or use any alternative programs to communicate. (So long as everyone uses responsible password management and 2FA, your data should be reasonably secure). At all times, you can see what Accounting Girl is doing, and your books stay appropriately up-to-date.

Once this relationship starts, they’ll even dig into the accounting and billing in your Law Practice Management Software. Although experience indicates that they can likely work in any LPMS you use, they have specific knowledge of Clio, MyCase, Cosmolex, PracticePanther, and more. After all, this is what you would expect from an internal accounting department—a virtual CFO should be no different.

In addition to tracking your books and accounts, Accounting Girl can also help you with your financial planning, budgeting for the future, and tracking things like your KPIs. Here, you’ll benefit from their experience in planning for the future, which can include planning financially for upcoming hiring situations, office expansion, and even retirement.

Benefits of a Virtual CFO

Generally, the more hands-off an attorney is in this relationship, the more beneficial it is. Which feels weird to say. We, as lawyers, typically like to have our hands in every aspect of the business. But, occasionally—actually, more often than not—it’s better when we let experts handle what they do best.

By outsourcing your accounting department, you can hire for experience, rather than convenience, location, or something even less related to capability. Although Accounting Girl doesn’t solely work with attorneys, that business makes up the bulk of what they do. Which means they’re well versed in lawyer trust accounting, and the ethical obligations that go along. So, you can feel confident leaving your accounting in their hands.

However, your office will never be totally disengaged—that’s how lawyers lose their licenses. Even with your virtual CFO creating all of your client bills, your office (hopefully a managing attorney) will still be expected to review what Accounting Girl sends over, and push them out the door. Not only does that allow for you to maintain a certain degree of oversight, but you are also able to keep that direct relationship with your clients.

How Accounting Girl is Different

The stand-out difference between Accounting Girl and some other outsourced accounting, is the three-way reconciliation they do. They’ll connect to your online bank account, your QuickBooks account, and your LPMS to make sure your financials are correct each month.

Importantly, as you would expect from any CFO, they aren’t just in your accounts at the beginning and the end of each month. Generally, someone from Accounting Girl connects with your accounts on a daily basis. This means that you don’t lose any time waiting for someone to get your books straight before you can run reports, confidently create bills, or run-down accounts receivable. But, in reality, you won’t have to do that either, that’s what your virtual CFO is for.

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7 Accounting Girl Community Reviews

  1. Crystal B. says:

    Excellent Accounting Services

    I highly recommend Jill and her team for a seamless accounting experience. She uses the latest technology and easy-to-read reporting. She made my monthly accounting and yearly reporting a breeze!

  2. Abigail S. says:

    She's a virtual CFO - grateful to have found her!

    I am so glad I found Jill and her team, they have been incredibly supportive as I get my firm off the ground. She is always available to answer questions, they handle all the financials to allow me to focus on other areas of building my business. Dealing with the nuts and bolts/money part was the area I felt least confident about, so I knew I needed someone who could see the big picture, and not “just” a bookkeeper. She was a therapist in her former career, so she knows how to help navigate the money AND the baggage we all have in dealing with our money. If you need a virtual CFO, Jill is your gal.

  3. Amanda B. says:

    CFO services

    I used another bookkeeper for a few years but she wasn’t able to explain what my numbers meant and how to make better sense of them and hence better decisions. Jill was able to do that for me in our very first meeting and I’m looking forward to having an on demand CFO to help me make better financial decisions for the firm.

  4. Dennis D. says:

    Accounting Girl - Worthy of Praise

    It is great it is to have Jill and her Accounting Girl team on our side. At CreatiVenture Law, we appreciate the quality of work and care that everyone at Accounting Girl has provided to our firm. THANK YOU!!!

  5. Katia T. says:

    Wish I'd found Jill & Accounting Girl earlier

    I’m a busy solo practitioner with an immigration practice and for years I’ve been barely keeping up on our bookkeeping. As my practice grew, I knew I needed help. Jill Ulett and her team have taken all of the stress off of the accounting aspect of managing a business and I’m so grateful that a fellow attorney referred her. She’s responsive and knowledgable– offering options and features that are truly tailored to my business. THANK YOU JILL!!!!

  6. Virginia M. says:

    Accounting Girl is a lifesaver!

    My small law firm’s busy appellate practice left little time to handle firm finances. Jill Ulett and her team at Accounting Girl manage the firm’s payroll, billing, trust accounting, account reconciliation, tax preparation, and budgeting, which frees up time for the rest of us to practice law.

  7. Brandy B. says:

    Indispensable

    Jill and her team make running the business side of our law firm simple and organized. I honestly do not know what we would do without Accounting Girl, and I marvel when I hear how other small law firms do their own Quickbooks, payroll, bill paying, etc. It is also invaluable to have an objective, outside-the-firm accounting service that we can discuss reports with and determine bonuses and other financial decisions. I cannot recommend Accounting Girl more, and I know that you will never second guess the business expense once you see how much easier your job becomes when you allow a professional to structure and run the accounting side of your law firm.