Accounting
Managing a practice's high-level finances requires precision and tools built specifically for the legal industry. Nojumi’s Accounting tailors comprehensive reporting and formal record-keeping directly to the unique regulatory needs of lawyers. By providing a structured framework to monitor profitability, manage firm-wide liabilities, and track overall revenue, the platform eliminates complex administrative hurdles. This empowers your practice to effortlessly maintain compliance and gain a clear, accurate view of its overarching financial health.
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Chart of Accounts | A customizable list of asset, liability, equity, revenue, and expense accounts. | 
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General Ledger | The central database aggregating and storing all financial transactions. |
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Journal Entries | Day-to-day records logging exact dates, amounts, debits, and credits. |
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Balance Sheet | A report providing a static snapshot of the firm's assets, liabilities, and equity. |
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Income Statement | A Profit & Loss report tracking financial performance, revenues, and expenses. |
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Trial Balance | An internal worksheet verifying that total ledger debits equal total credits. |
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Trust Listing | A specialized report itemizing third-party funds held for individual clients/matters. |
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Cheque Register | A chronological log tracking all outbound disbursements from firm bank accounts. |
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Reconciliation Documents | Compliance reports proving software records match bank statements and complies with LSO standards. |
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