Actionstep Accounting, Bookkeeping, and CFO Services

The hidden challenge behind maximizing Actionstep's benefits.

As a law firm owner using Actionstep, you're already ahead of the game in managing your cases efficiently. But when it comes to your firm's finances, you might be facing some common challenges:

Drowning in Data: Actionstep offers robust financial tracking capabilities, but you struggle to turn it into actionable insights.

Trust Account Anxiety: Managing IOLTA accounts within Actionstep requires precision, and the stakes for compliance are high.

Time Drain: You became a lawyer to practice law, not to spend hours configuring software and reconciling accounts.

Seamless integration

As Actionstep consultants, Law Firm Velocity specializes in converting your case management data into a robust financial strategy. Here's how we enhance your Actionstep experience:

Seamless Actionstep Integration

As Certified Actionstep Consultants, we transform your practice management software into a powerful financial tool. We'll optimize your Actionstep setup to streamline billing, automate workflows, and drive firm profitability.

Custom Financial Reporting

Turn Actionstep's robust data into actionable insights. Our tailored financial reports combine your practice data with expert analysis, helping you understand profitability by practice area, case type, and attorney.

Trust Accounting Excellence

Sleep better knowing your IOLTA accounts are managed correctly. We align Actionstep's trust accounting features with state bar requirements, ensuring perfect three-way reconciliation reports and bulletproof compliance.

Automated Reconciliation

Maximize revenue with optimized time tracking and billing workflows in Actionstep. We'll set up automated payment reminders, custom invoice templates, and streamlined collection processes to improve your cash flow.

Performance Analytics Dashboard

Make data-driven decisions with custom Actionstep dashboards showing your most critical metrics. Track key performance indicators like utilization rates, collection ratios, and case profitability at a glance.

Strategic Financial Forecasting

Transform Actionstep data into your roadmap for growth. We'll help you leverage built-in reporting tools to forecast revenue, analyze practice area profitability, and identify opportunities to scale your firm.

Benefits you'll experience

More Time for Law, Less for Bookkeeping: Reclaim hours previously spent on financial management with optimized Actionstep workflows that automate your daily tasks.

Enhanced Accuracy: Eliminate double data entry and manual errors by properly configuring Actionstep's integrated accounting features with your existing systems.

Deeper Financial Insights: Transform Actionstep's practice data into actionable financial intelligence that helps you make better decisions about your firm's future.

Streamlined Financial Workflows: Experience a smoother, more efficient billing and collection process that integrates seamlessly with your Actionstep case management system.

Confidence in Compliance: Rest easy knowing your trust accounting is handled by experts who understand both Actionstep's IOLTA features and your state bar requirements.

Increased Collection Rates: Maximize your revenue with optimized Actionstep payment processing, automated follow-ups, and clear financial reporting that helps you spot collection issues early.

Schedule a Consultation

Key Services

Move beyond traditional accounting

Profit-focused bookkeeping.

Elevate your financial management with profit-focused law firm bookkeeping services designed specifically for Actionstep users.

Real-time synchronization of financial data between Actionstep and your accounting systems

Accurate and timely recording of all financial transactions

Monthly reconciliation of bank accounts and credit cards

Customized financial reports that align with your firm's unique needs

Preparation of financial statements (Income Statement, Balance Sheet, Cash Flow Statement)

Strategic CFO services, for profit growth.

Our CFO Services deliver actionable insights, helping you optimize returns, foresee changes, and secure financial stability while driving growth and increasing profit margins.

In-depth analysis of your firm's financial performance using MyCase data

Development of financial strategies to increase profitability and cash flow

Creation and monitoring of key performance indicators (KPIs) specific to law firms

Budgeting and forecasting to support informed decision-making

Guidance on pricing strategies and resource allocation

IOLTA trust accounting.

Protect your firm’s reputation and ensure state bar compliance:

Seamless integration with MyCases' trust accounting features

Accurate maintenance of individual client ledgers within trust accounts

Monthly three-way reconciliation of trust accounts as required by state bar associations

Proper handling of retainer deposits and withdrawals

Proactive monitoring to prevent common trust accounting errors

Frequently asked questions

Our team will happily answer any additional questions you might have.

Get in touch.

How does Law Firm Velocity's integration with Actionstep work?

Our system seamlessly connects to your Actionstep account, allowing real-time data synchronization. This integration enables us to pull financial data directly from Actionstep, eliminating the need for manual data entry and ensuring accuracy in your financial reports and analysis.

How does Law Firm Velocity ensure the security and confidentiality of my firm's financial data?

We take data security extremely seriously. We use bank-level encryption for all data transfers and storage. Our systems are regularly audited for security compliance, and we adhere to strict confidentiality protocols. Additionally, as an Actionstep consultant, we meet Actionstep's rigorous standards for data handling and security.

Will using Law Firm Velocity's services disrupt my current Actionstep workflow?

Not at all. Our services are designed to enhance, not disrupt, your existing Actionstep workflow. You'll continue using Actionstep as you always have for case management. We simply add a layer of financial expertise and automation to your existing processes, making your overall workflow more efficient.

Can Law Firm Velocity handle trust accounting for multiple jurisdictions?

Yes, our IOLTA trust accounting services are designed to handle multi-jurisdictional requirements. We stay up to date with the specific regulations of different state bar associations and ensure your trust accounting practices are compliant across all jurisdictions where you practice.

Strengthen your law firm’s financial insights with Law Firm Velocity and Actionstep.

120+

2009

Law Firm Velocity vs other bookkeeping services for Actionstep

Other firms

Actionstep Certified Consultant

Specialized in Law Firm Finances

Deep Integration with Actionstep

IOLTA Trust Accounting Expertise

Strategic CFO Services

Custom Financial Reporting for Law Firms

Profit-Focused Financial Analysis

Law Firm KPI Tracking

Compliance with Legal Industry Standards

Dedicated Law Firm Financial Experts