We do legal bookkeeping right
Legal bookkeeping involves recording all transactions and balancing accounts. The financial information is analysed to capture invoices, payments and receipts in order to produce monthly statements.
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Our team can assist with the following:
- recording the transactions of the business and the client’s accounts.
- reconcile the bank transactions including allocating payments received and paid out.
- maintain accurate records to ensure annual audits problem free.
SRA and CILEx Compliant Solicitors' Accounts
We have a dedicated team that assists clients with their regulatory compliance including ‘SRA’ and ‘CILEx’ audits where required, systems review work and advice on day-to-day queries.
Our team recognises that each law firm is different and we tailor our approach accordingly, working with clients to improve and maintain compliance, whilst maximising profitability.
All solicitors holding client monies are required to comply with the Solicitors Accounts Rules, a comprehensive document defining client money, specifying how those monies should be dealt with and the related records maintained, to ensure the protection of the solicitor’s clients and their funds.
Unless exempt, solicitors have six months from the end of their accounting period to obtain an Accountant’s Report. We are able to undertake this work and produce the necessary report, including submission to the Solicitors Regulation Authority (SRA) and Chartered Institute of Legal Executives (CILEx) where required.
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