LedgerMatch
Bank Reconciliation for Law Firms & Legal Practices in Houston, TX
A practical CSV-based bank-to-ledger workflow for law firms bookkeepers serving businesses in Houston.
Bookkeeping context in Houston
Houston's energy, construction, and healthcare sectors generate high-dollar, low-frequency transactions — large vendor payments, progress billings, and insurance receivables — that require careful bank reconciliation every month. Texas has no state income tax, but businesses must file state franchise tax (the Texas Margin Tax) annually, and accurate books directly affect that calculation. LedgerMatch helps Houston bookkeepers match Wells Fargo and Chase exports to QuickBooks in under 10 minutes, with tolerance matching that handles the common ±1-day posting delays typical in ACH-heavy oil and gas payables.
Law Firms & Legal Practices reconciliation workflow
Law firms operate with two distinct types of bank accounts — the operating account for business expenses and the IOLTA trust account for client funds — and both must reconcile perfectly every month. State bar associations require attorneys to maintain accurate trust account records, and a trust account reconciliation error can trigger a bar complaint or disciplinary action. LedgerMatch helps law firm bookkeepers reconcile both operating and trust account bank statements against QuickBooks or Xero in under 10 minutes, with a clean audit trail for every transaction.
Local and industry considerations
- Texas has no state income tax, but the annual Texas Franchise Tax (Margin Tax) requires accurate gross revenue reconciliation — clean bank records are the foundation of an accurate franchise tax return.
- IOLTA trust account reconciliation is required by most state bars and must be completed monthly — errors in trust accounting can trigger disciplinary proceedings regardless of the dollar amount involved.
Common banks and accounting tools
- Chase
- Wells Fargo
- Frost Bank
- Wells Fargo
- Chase
- Bank of America
- QuickBooks Online
- Clio Manage
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