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Practice Management

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.

Chart of Accounts

General Ledger

Balance Sheet

Income Statement

Trial Balance

Trust Listing

Cheque Register

Reconciliation Documents

Feature

Description

Chart of Accounts

A customizable list of asset, liability, equity, revenue, and expense accounts.

General Ledger

The central database aggregating and storing all financial transactions.

Journal Entries

Day-to-day records logging exact dates, amounts, debits, and credits.

Balance Sheet

A report providing a static snapshot of the firm's assets, liabilities, and equity.

Income Statement

A Profit & Loss report tracking financial performance, revenues, and expenses.

Trial Balance

An internal worksheet verifying that total ledger debits equal total credits.

Trust Listing

A specialized report itemizing third-party funds held for individual clients/matters.

Cheque Register

A chronological log tracking all outbound disbursements from firm bank accounts.

Reconciliation Documents

Compliance reports proving software records match bank statements and complies with LSO standards.