Your law firm chart of accounts should also track amounts that your firm uses for client expenses, where you expect reimbursement at some point in the future. These amounts include reimbursable client costs, non-reimbursable client costs, and advanced client costs. With a well-organised chart of accounts, you can generate accurate and detailed financial reports, allowing for better decision-making. These reports help you track the chart of accounts for law firm financial health of your firm,…