
Make Better Business Decision with Reliable Financial Statements
Is your business making smart financial decisions or simply guessing? At Bookkeeper.law, we help law firms and growing businesses take control of their finances with financial statements that are on time, accurate and compliant with industry standards like US GAAP and IFRS.

Trusted by 1000+ Fast-Growing Law Firms
Evaluating Financial Health
We use KPIs like gross profit margin, debt-to-equity ratio, and net income trends to evaluate your financial position.
Fast Turnaround Time
Quick financial statement preparation without compromising accuracy, to help you stay on schedule.
Save Money
Our services eliminate the cost for hiring in-house staff and help you stay financially organized without breaking the bank
Financial Statement Preparation Services
Our expert bookkeepers simplify complex accounting standards and tax rules to deliver clear, accurate financial statements that reflect your true financial health.
Income Statement Preparation
The income statement calculates net profit or loss by analyzing revenue streams, categorizing expenses, and reconciling general ledger records to show your true operating results and performance trends.
Balance Sheet Preparation
Your balance sheet provides a snapshot of your financial position at a specific point in time. It shows what your business owns, owes, and how much equity is left. This statement is key to understanding your overall financial stability.
Cash Flow Statement Preparation
This statement tracks the movement of cash in and out of your business. We break it down into operating, investing, and financing activities, helping you manage liquidity and plan for future capital needs.
Statement of Changes in Equity
We document how your business's equity has changed over time by tracking contributions, distributions, and earnings. This is especially useful for law firm partnerships or businesses with multiple stakeholders.
Year-End Accounting
Our year-end accounting services include a full reconciliation of accounts, adjustments for accruals, and finalization of your financials. We get you ready for tax season, audits, or annual board meetings.
General Accounting Support
Beyond standard financial statements, we provide ongoing accounting support for all your accounting needs, from reconciliations to ledger maintenance, to keep your financial records up-to-date.
Financial Statement Analysis
We go beyond the numbers to analyze trends, ratios, and anomalies in your business. Our experts help you spot issues and identify opportunities, so you can make informed decisions backed by hard data.
Financial Budgeting & Forecasting
Using historical financial data, market trends, and your financial goals, we develop forecasts and budgets to help you stay proactive and anticipate cash needs, so you can plan for growth.
Financial Transformation Consulting
We guide businesses through financial transformation by modernizing processes, improving reporting systems, and aligning financial strategies with long-term goals through advanced tools and workflows.
What You Get
Improve Investor Relations
Well-prepared financial statements build trust with investors, lenders, and stakeholders.
Regulatory Compliance
Our services ensure your financials follow the right standard and full compliance with regulatory requirements.
Identify Potential Risks
Get detailed financial statement preparation that helps identify emerging financial risks.
Gain Detailed Financial Insights
Every report comes with actionable insights to help you optimize expenses and drive growth for your business.
Certified Public Bookkeeper
Get financial statements prepared by certified professionals with specialized training in legal accounting.
Flexible and Scalable Services
Choose full-time or project-based services with month-to-month contracts for best flexibility.
Proficient in the Accounting Tools You Use
In-House vs. Virtual Bookkeepers
Our virtual bookkeepers start at just $14/hour, offering a cost-effective way to prepare financial statements without hiring additional in-house staff.
Feature
Hourly Rate
Commitments
Hidden Fees
Quality
Dedicated
Virtual Bookkeeper
- $14 per hour
- No
- Transparent
- High
- Always
Feature
Hourly Rate
Commitments
Hidden Fees
Quality
Dedicated
In-house Bookkeeper
- $25+ per hour
- Requires contracts
- Extra costs
- Low - High
- Sometimes
How It Works



Testimonials
Hear from our clients
Learn more about our clients' bookkeeping and accounting journeys to see how we've transformed the way they operate.
What Our Bookkeeping Assistant Do for Your Firm

FAQs
Frequently Asked Questions
What is financial statement preparation?
Financial statement preparation is the process of organizing your business’s financial data into standardized reports like income statements, balance sheets, and cash flow statements. These reports provide insights into a company’s financial health and help stakeholders make informed decisions.
What is the process of preparing a financial statement?
The process of preparing financial statements can vary based on the company size and its requirements. It can be simple or very complex. But here's a step-by-step process for preparing financial statements:
- Collect source documents (invoices, receipts, bank statements)
- Record transactions in journals or accounting software
- Post entries to the general ledger and prepare unadjusted trial balance
- Record adjusting entries (accruals, deferrals, depreciation)
- Prepare adjusted trial balance
- Create income statement and balance sheet
- Prepare cash flow statement and statement of changes in equity
- Add notes and disclosures
- Review, approve, and distribute the financial statements
What is the order of preparing a financial statement?
Financial statements are typically prepared in this sequence:
- Income statement (shows revenue, expenses, and profitability)
- Statement of changes in equity (or retained earnings)
- Balance Sheet (shows assets, liabilities, and equity at a specific date)
- Cash Flow Statement (shows cash movement across operating, investing, and financing activities)
This order matters because each statement builds on information from the previous one.
What is a cash flow statement?
A cash flow statement tracks your business cash movement during a specific period. It categorizes cash activities into three sections including operations, investment, and financing activities. This statement highlights liquidity, which helps you understand whether a company can generate enough cash to meet its obligations or sustain itself and invest in growth.
What is an income statement?
An income statement is a financial report that shows your business's revenues, expenses, and resulting profit or loss during a specific period. Also known as the profit and loss (P&L) statement that reveals your company's ability to generate profit by increasing revenue, reducing costs, or both.
What are the common mistakes to avoid in preparing a financial statement?
Here are 10 common financial statement preparation mistakes to avoid:
- Misclassifying assets and liabilities
- Failing to record all transactions
- Improper revenue recognition
- Overlooking accruals and prepaid expenses
- Inaccurate expense allocation
- Mixing business and personal expenses
- Incorrect categorization of transactions
- Omitting required disclosures or footnotes
- Not reconciling accounts before statement preparation
- Using outdated accounting standards








