Bank Statement Converter for Law Firms

Law firms must maintain separate operating and IOLTA (Interest on Lawyers Trust Account) bank records for state bar compliance. Convert your law firm operating account and IOLTA trust account bank statement PDFs to Excel for bar audit preparation, partner distributions, and firm financial reporting.

Key Benefits

• Exports law firm operating account and IOLTA trust account separately
• Documents client retainer receipts and earned fee transfers for bar compliance
• Works with all major banks offering attorney IOLTA accounts
• Monthly revenue by practice area for partner profit distribution
• CSV export for Clio, PracticePanther, and QuickBooks for Law Firms

How It Works

1. Step 1: Upload your law firm operating and IOLTA bank statement PDFs
2. Step 2: Select Excel output for each account
3. Step 3: Download and categorize by client matter and practice area
4. Step 4: Use for partner distribution calculation and bar compliance documentation

Frequently Asked Questions

How do law firms reconcile IOLTA trust account statements?

State bar rules require monthly three-way reconciliation of IOLTA accounts: (1) the trust account bank statement balance, (2) the trust ledger balance by client matter, and (3) the sum of all individual client ledger balances. Export your IOLTA statement to Excel and verify the ending balance matches your client matter trust ledger totals. Discrepancies require immediate investigation and bar notification.

Can law firms use bank statements for SBA or business loans?

Yes. SBA lenders require 12 months of law firm operating account bank statements (not IOLTA accounts — those are client funds). Export operating account statements to Excel showing client fee deposits and firm expenses. Calculate net average monthly firm revenue for the SBA income analysis worksheet.

Convert Law Firm Statement Free