If you’re running a law firm, consulting agency, or other professional service business, accurate bookkeeping isn’t just nice—it’s essential. From trust accounting to partner payments and compliance reporting, you need more than a basic P&L and balance sheet. You need precision, process, and cloud-based clarity.

Explore how Polaris supports these clients every step of the way.

🔍 Not Just Taxes:

Complex Billing & Trust Accounting

We consistently encounter:

  • Untracked trust accounts, risking ethical breaches

  • Misclassified billable hours or retainers

  • Confused partner draw and compensation reporting

These aren’t bookkeeping errors—they’re compliance risks and profit leaks. That’s why Polaris delivers:

  • Clear trust-account tagging

  • Flow-through billing from time entries to financials

  • Accurate partner equity and distribution reports

These capabilities are built on a foundation of cloud tools and a customized chart of accounts—far beyond what generic CPAs provide.

✅ Benefits of Cloud & Integration

Cloud accounting isn’t just convenient—it transforms professional services:

  • Integration with practice tools like Clio, CosmoLex, Actionstep, and Dext creates automatic syncing of time and billing data

  • Real-time access for partners, admins, and Polaris, providing transparency across locations and compliance layers

  • Secure audit trails, complete with receipt capture and client billing context

No more waiting for desktop exports or fear of data corruption—just clarity, control, and confidence.

🧩 Built-for-Professionals Bookkeeping

With Polaris, professional practices get:

1. Trust & Retainer Management

Polaris ensures client deposits and billing events flow accurately—and in compliance—with trust accounting requirements.

2. Time-to-Revenue Sync

We integrate practice management tools so hours tracked become invoices, directly aligned with your financials.

3. Partner-Level Reporting

We help maintain equity schedules, guaranteed payments, and draw distributions with transparency and accuracy.

4. KPI & Profitability Metrics

Track per-professional revenue, realization rates, and utilization with monthly dashboards—insights grounded in updated and reconciled books.

5. Tax & Forecast Alignment

Our bookkeeping sets the stage for proactive tax planning, like your existing page on Tax Strategies for Law Firms in NC, ensuring compliance and strategic advantage.

💡 What Sets Polaris Apart

  1. Specialized Expertise
    Bookkeeping is more than number-crunching—it’s legal and professional precision.

  2. Cloud & Integration-First Approach
    Not just Xero adoption—it’s full integration with top practice tools

  3. Ethics & Audit Readiness Built-In
    From trust balances to equitable partner share, our systems support compliance at every turn.

  4. Strategic, Not Just Tactical
    Our work connects to your tax planning: see the value in Tax Strategies for Law Firms in NC, seamlessly threaded through our bookkeeping services.

🚀 Ready to Elevate Your Firm?

If you’re ready to ditch outdated desktop setups or disjointed bookkeeper processes, Polaris can help:

  • Move your firm to a secure cloud-based system

  • Implement precise trust accounting and billing integrations

  • Launch monthly reporting, KPI analysis, and tax preparation coordination

Schedule a no-obligation consultation and secure your firm’s financial future.

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