We provide accounting, bookkeeping and tax services for solicitors and law firms which is efficient and cost effective and allows our clients to maintain their accounts to a high standard.
Our services for the solicitors and law firms include the following:
Choosing the right solicitors’ accounts software package. We are experienced in dealing with the majority of good legal accounts software packages.
Setting up budgets, cash-flows and management procedures tailor made to your business to ensure your office runs as smoothly as possible.
Provide a fully comprehensive legal cashier and bookkeeping function to audit level. Fully corporate with the auditors to provide the audit information and evidence for the delivery of timely and cost-effective audit.
Inputting all client and office account entries onto the accounting database and maintaining accurate books. Assisting fee earners and staff with any queries and general matters, e.g. preparation of statements of account to client where requested.
Reconciling all bank accounts, including client account and keeping a reconciliation at month-end for the auditors.
Produce monthly management accounts and perform month-end tasks, including provision for pre-paid and accrued expenses. Provide month-end reports to the Partners, such as profit and loss account, balance sheet, Trial balance. Period nominal report, client matter listing, client and office account reconciliations, aged debtors and aged creditors etc.
Each month your accounts will be reviewed to ensure your systems are running as efficiently as possible.
The month end reports are securely stored digitally and emailed to our contact partner each month.
We liaise closely with your accountants to ensure that audits run as smoothly as possible.
Continued disbursements review, ensuring that all the client account ledgers and disbursements are up to date.
Preparation of weekly costs transfers from client account to office account. Regular review of client and office ledger accounts to ensure there are no debit/credit balances.
Preparation and submission of the quarterly VAT returns in compliance with the Making Tax Digital.
Processing of monthly payroll, including the administration of company’s pension scheme.