Sample Small Law Firm Chart of Accounts

Account

Type

Operating

Bank

TrustAccount

Bank

AccountsReceivable

AccountsReceivable

AdvancedClientCosts

OtherCurrentAsset

AdvancedClientCosts:CourtCosts

OtherCurrentAsset

AdvancedClientCosts:FilingFees

OtherCurrentAsset

UndepositedFunds

OtherCurrentAsset

AccumulatedDepreciation

FixedAsset

FurnitureandEquipment

FixedAsset

ClientTrustLiability

OtherCurrentLiability

ClientTrustLiability:FirmFunds

OtherCurrentLiability

ClientTrustLiability:IOLTAInterest

OtherCurrentLiability

LoanBigCityBank

OtherCurrentLiability

PayrollLiabilities

OtherCurrentLiability

CapitalStock

Equity

OpeningBalanceEquity

Equity

RetainedEarnings

Equity

ShareholderDistributions

Equity

LegalFeeIncome

Income

ReimbursedClientExpensesIncome

Income

AccountingFees

Expense

AdvertisingandPromotion

Expense

AutomobileExpense

Expense

BankServiceCharges

Expense

ClientCost

Expense

ComputerandInternetExpenses

Expense

ContinuingLegalEducation

Expense

DepreciationExpense

Expense

DuesandSubscriptions

Expense

InsuranceExpense

Expense

InsuranceExpense:Disability

Expense

InsuranceExpense:ProfessionalLiability

Expense

InterestExpense

Expense

LegalLibrary

Expense

MealsandEntertainment

Expense

OfficeSupplies

Expense

PayrollExpenses

Expense

PostageandDelivery

Expense

ProfessionalFees

Expense

RentExpense

Expense

RepairsandMaintenance

Expense

ResearchServices

Expense

TelephoneExpense

Expense

TravelExpense

Expense

Utilities

Expense

AskMyAccountant

OtherExpense

SampleLawFirmChartofAccountsGroupedWithAccountNumbers

Account

Type

10100Operating

Bank

10900ClientTrustAccount

Bank

12300AdvancedClientCosts

OtherCurrentAsset

12300AdvancedClientCosts:12310CourtCosts

OtherCurrentAsset

12300AdvancedClientCosts:12320ExpertWitnessFees

OtherCurrentAsset

12300AdvancedClientCosts:12330FilingFees

OtherCurrentAsset

15000FurnitureandEquipment

FixedAsset

17000AccumulatedDepreciation

FixedAsset

18700SecurityDepositsAsset

OtherAsset

21000ClientTrustLiability

OtherCurrentLiability

21000ClientTrustLiability:ClientA

OtherCurrentLiability

24000PayrollLiabilities

OtherCurrentLiability

30000OpeningBalanceEquity

Equity

30700OwnerDraw

Equity

32000OwnerEquity

Equity

45400LegalFeeIncome

Income

45500ReimbursedClientExpensesIncome

Income

61000OperatingExpenses

Expense

61000OperatingExpenses:61100AdvertisingandPromotion

Expense

61000OperatingExpenses:61200AutomobileExpense

Expense

61000OperatingExpenses:61400BankServiceCharges

Expense

61000OperatingExpenses:61500DepreciationExpense

Expense

61000OperatingExpenses:61600InterestExpense

Expense

61000OperatingExpenses:61700PostageandDelivery

Expense

61000OperatingExpenses:61900Taxes&Licenses

Expense

63000OfficeExpense

Expense

63000OfficeExpense:63100ComputerandInternetExpenses

Expense

63000OfficeExpense:63200EquipmentRental/Lease

Expense

63000OfficeExpense:63300Maintenance&RepairEquipment

Expense

63000OfficeExpense:63400OfficeSupplies

Expense

63000OfficeExpense:63500RentExpense

Expense

63000OfficeExpense:63600Stationery&Printing

Expense

63000OfficeExpense:63700TelephoneExpense

Expense

63000OfficeExpense:63800Utilities

Expense

64000InsuranceExpense

Expense

64000InsuranceExpense:64100GeneralBusiness&Liability

Expense

64000InsuranceExpense:64200KeyManInsurance

Expense

64000InsuranceExpense:64300ProfessionalLiability

Expense

64000InsuranceExpense:64500WorkersCompInsurance

Expense

64000InsuranceExpense:64600Other

Expense

65000PayrollExpenses

Expense

65000PayrollExpenses:65100LawyerSalary

Expense

65000PayrollExpenses:65200Paralegals&LegalSecretaries

Expense

65000PayrollExpenses:65300AdministrativeStaffWages

Expense

65000PayrollExpenses:65400PayrollTaxes

Expense

66000EmployeeBenefits

Expense

66000EmployeeBenefits:66100EmployeeDisabilityInsurance

Expense

66000EmployeeBenefits:66200EmployeeHealthInsurance

Expense

66000EmployeeBenefits:66300OfficerDisabilityInsurance

Expense

66000EmployeeBenefits:66400OfficerHealthInsurance

Expense

67000ProfessionalExpenses

Expense

67000ProfessionalExpenses:67100ContinuingLegalEducation

Expense

67000ProfessionalExpenses:67200DuesandSubscriptions

Expense

67000ProfessionalExpenses:67300Library&ReferenceMaterials

Expense

67000ProfessionalExpenses:67400ResearchServices

Expense

68000OtherExpenses

Expense

68000OtherExpenses:68100ContractedServices

Expense

68000OtherExpenses:68200MealsandEntertainment

Expense

68000OtherExpenses:68400TravelExpense

Expense

80000AskMyAccountant

OtherExpense