Caret Bookkeeping & Accounting Services

The silent blockers to CARET's efficiency

As a law firm owner using CARET Legal, 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: CARET tracks everything, but turning that data into clear financial insight feels overwhelming.

Compliance on the Line: Managing IOLTA accounts within CARET 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 CARET consultants, we specialize in converting your case management data into a robust financial strategy. Here's how.

Seamless CARET Integration

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

Custom Financial Reporting

Turn 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 CARET'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. 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 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 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.

How you’ll benefit

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

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

Deeper Financial Insights: Transform CARET'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 case management system.

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

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

Schedule a Consultation

Move beyond traditional accounting

Profit-focused bookkeeping

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

Real-time synchronization of financial data between CARET 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

FAQs

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

Get in touch.

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

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

How do you 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 a Certified CARET Consultant, we meet CARET's rigorous standards for data handling and security.

Will using your services disrupt my current CARET workflow?

Not at all. Our services are designed to enhance, not disrupt, your existing workflow. You'll continue using CARET 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 you 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.

Unlock smarter finances with our CARET bookkeeper service

120+

2009

Law Firm Velocity vs other CARET bookkeeping services

Other firms

CARET Certified Consultant

Specialized in Law Firm Finances

Deep Integration with CARET

IOLTA 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