Our Services

Law Firms

As a law firm, you understand the complexities of regulations and compliance for your clients.

IOLTAs, retainers, timekeeping, invoicing…the list of law firm accounting complexities goes on.

That’s why you also understand the need for expert finance and accounting services that never miss a single dot on the “i.”

Bay Business Group offers just that.

Professional Finance & Accounting Services

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Dedicated team members

Every client gets a dedicated CFO / controller and dedicated accountant. You’re not just another number to us.

Regular Meetings Included

Monthly financial reports and quarterly strategy sessions are included for all our clients, big or small.

Number Techies

We’re leading the charge in accounting & finance software. We’ll have your finance tech stack efficient and effective.

US-Based Office

We’re based near our nation’s capital, just south of beautiful Washington, DC.

Focused on your success

Here to help your firm grow beyond the numbers.

Our goal is not just to manage your finances, but to actively contribute to the success of your business.

Think of us as an extension of your team, offering expertise in customized financial solutions tailored to the unique challenges that law firms face.

Your Financial Partner

CFO & Controller Services

Our seasoned team offers high-level financial expertise and strategic planning to help you navigate challenges, seize opportunities, and achieve sustained growth, including:

Financial modeling
Cash flow forecasting
Budgeting

Bookkeeping

Efficiently manage your finances and reclaim your time. Rest assured that your numbers are 100% accurate, 100% of the time.

Payroll

As the owner of a law firm, payroll management shouldn’t be causing you headaches. Allow our dream team to manage timely and accurate compensation for your dream team.

Accounts Payable

From transparent documentation to efficient vendor tracking, we ensure your accounts payable processes align with (and exceed) law industry standards.

Accounts Receivable

We customize our approach to streamline invoicing, tracking, and collection processes for your law firm, ensuring accurate and transparent financial transactions.

Tax Planning

Our experts work collaboratively with you to identify opportunities for tax optimization, ensuring compliance with current tax regulations for the law industry. Let us guide you in crafting a tax strategy that not only minimizes liabilities but also maximizes resources for the growth and success of your firm.

Tax Prep

Experience stress-free tax filing for your law firm. Our team’s encyclopedic knowledge of the latest tax codes ensures thorough and accurate document preparation, every time.

Crush stress

Tax Strategy

Elevate your law firm with strategic tax planning and preparation services tailored to your unique financial goals.

law firm Assistance

Trust Account Support

Trust accounts are one of the most commonly mystifying factors in the law industry. We help answer your questions, like:

When to use each type
How to stay compliant
How your accounts work

iolta management

IOLTAs are an imperative factor in successfully managing your firm, but regulations and best practices can be fuzzy. That’s where we come in.

reconciliations

We handle three-way trust account reconciliations, keeping you up to date with the latest industry regulations and taking the worry off your plate.

Handling invoice management for the world's top law firm software.

We work with Clio to ensure your invoicing is 100% taken care of.

Testimonials

Rave reviews from companies like yours.

Outstanding

Mary and Valerie who are our contacts have been outstanding for a long number of years. They treat us as if we are the only customers they serve. They are knowledgeable and understanding of what we need to accomplish. Couldn’t get any better support.

True partner

I have worked with Bay Business Group for over 10 years. BBG is a true partner with their clients providing excellent outsourced accounting, tax, and CFO services. Their outstanding professional staff of CPAs and bookkeepers bring a level of expertise that is invaluable to small businesses.

Meaningful & timely

By partnering with Bay Business Group, they have streamlined my accounting operating procedure, accounting operation, and given me meaningful & timely monthly reporting. This in return gives me quicker problems resolutions as they arrive. Bay Business Group has been proactively suggesting improvement to accounting reporting, interpretation of accounting reports and improvement to the accounting system. Giving me a way to measure the performance of my business and more time to work and tweet improvement to my business operation and product lines.

So happy!

I’ve been using Bay Business Group for many years and have been so happy with them. They handle both my small business and personal accounting needs with expertise, professionalism, and ease. Mary Leighty in particular has been wonderful to work with – highly competent, friendly, and always accessible. I have recommended Bay Business Group to many without any hesitation.

Exceed expectations

Bay Business Group leverages a true wealth of national organizations and resources while still giving you the invaluable attention of a local firm that is active in the local community. Expectations get exceeded.

Great suggestions

BBG is a pleasure to work with! We have Mary as our CPA and Guia as our bookkeeper. They are always quick to respond to any questions and are experts in the field, providing great suggestions along the way. I interact with Guia on a consistent basis, and it feels like she’s an internal employee! She and Mary retain details about our recordkeeping off memory, as BBG has been supporting our organization for over a decade! I would be lost without them. Thanks so much for the support!

We're upfront about our pricing.

FAQs

Don’t see your question answered here?

Give us a call and we’ll be happy to help out.

Who do you work best with?

Small to midsize law firms that want consistent, accurate books and clear financial visibility. Firms that are ready to delegate invoicing, bookkeeping, trust accounting, and reporting so the partners can focus on clients and growth.

How is law firm accounting different from regular bookkeeping?

Law firms must follow specific trust (IOLTA) rules and ethics requirements that general small-business accounting overlooks. Revenue, retainers, and client costs must be diligently tracked for profitability and compliance purposes.

Can you handle our trust/IOLTA accounting?

Yes. Services typically include recording client retainers, tracking client balances, and performing monthly three-way trust reconciliations.

What systems do you support?

Common platforms include Clio, MyCase, and similar practice management systems, integrated with QuickBooks Online. Support usually covers setup, cleanup, and workflows so time entries, billing, and accounting all tie together between the financials and the practice management system.

What services do you offer law firms?

Monthly bookkeeping, trust accounting, and financial reporting along with invoicing, bill pay, and payroll processing. Advisory support around cash flow forecasting, partner compensation, and key performance metrics so you can make informed decisions.