You can focus on growing your business while we take care of your books
- Bookkeeping Services as low as $95/ Month by Certified QuickBooks Pro Advisors and Xero-Certified Advisors!
- Flat, affordable monthly rates include accounting software subscription fee & automated and secure monthly bank statement download.
- We protect your data with 256-bit SSL/TLS encryption. That’s the same level of encryption you’ll find with online banking.
- Back Bookkeeping, Real-time Bookkeeping, Payroll, Part time and Full time bookkeepers
Accounting for Lawyers and Attorneys
Delivering a "great accounting" verdict
Whether a large or small law firm, the ability to stay compliant is essential to both success and survival as a law firm. Lawyers are known to be extremely susceptible to compliance issues having to deal with their accounting, mainly because they are lawyers, not accountants.
Legal practices should preferably employ the use of legal accounting software as opposed to general purpose accounting software. Firms that utilize general purpose accounting software will not be able to easily remain compliant while using an out of the box software solution made for general accounting. The software must also have customized reports that meet both management needs.
Law firms use retainers to secure cash flow from clients. Even though funds may be in the firm's possession, they do not belong to the firm until they have been earned. Firms also handle personal injury settlements that belong to the client. At any given time a firm will have multiple clients with multiple trust ledgers, it is extremely important that these trust funds are not commingled with one another and are not used to pay the law firm's expenses. It is mandatory that all trust accounts are reconciled on a monthly basis, and in the event of an audit this is the first thing the auditor will look for.
For this reason all law firm
Hire an Accountant
Keep the firm's expenses in mind. With all that goes into client billing, it's easy for a law firm to forget about it's own expenses. Law firms incur costs associated with the office lease, payroll, electricity, phone, internet, and much more.
By having a good understanding of the overhead costs associated with running a firm, better insight can be gained into how much clients should be billed. It is also extremely important to differentiate between direct and indirect matter costs. This is because reimbursement for indirect matter costs requires a different accounting treatment than reimbursement for direct matter costs.
Remote bookkeeping service is ideal for lawyers who have low volume of transactions. It is also perfect for lawyers who do their own bookkeeping but require professional help for only certain critical tasks such as bank reconciliation or GST/HST filing. Some lawyers prefer remote service because they do not have extra office space for a bookkeeper.
Because the bookkeeper is not physically present in your office, remote service saves you valuable office space. There is no need to make appointment to have any bookkeeper to come in your office. It is a quick and flexible way to get your book timely updated by a professional.
Remote accounting services also save you money. You only pay for the actual time working on your file.
RemoteBooksOnline.com offers you the luxury of focusing on your business instead of your bookkeeping flat, affordable monthly rates are available as low as $95/Month with a team of experienced Certified QuickBooks Pro Advisors to help you set your books on track.
Our bookkeeping services center on the compliance with the Law Society's record keeping requirements in By-Law 9 and include:
- Reconciling your trust accounts and general accounts
- Preparing reports required by the Law Society
- Filing GST/HST returns
- Time billing and accounts receivable
- Recording disbursements and expenses
- General ledger
- Setup, support, and consultation for PCLaw, Clio, and uLaw; and other services
- Accounting for Lawyers and Attorneys
- Bookkeeping for Lawyers and Law Businesses
- CPA for Lawyers and Law Businesses
- QuickBooks for Lawyers and Law Businesses
- Full Service Accounting for Lawyers and Law Businesses
Outsourcing Bookkeeping Services:
What does it do for you?
As a business owner you are more efficient in making business decisions when you have access to your P&L and financial statements (AR’s and AP’s) in real-time. Our certified QuickBooks Pro advisors will make sure you have this information in the palm of your hand and kept up to date in Realtime.
We all know that Bookkeeping is tedious work, and as a business owner it takes you away from more important things in your business. Let our QuickBooks Pro Advisors handle your books, so you can focus on growing your business.
or Call 1800 583 0148
Get started with RemoteBooksOnline today.
Try us out for free!
RemoteBooksOnline will enter all transactions, make all necessary journal entries, and reconcile one month of your books for free. RemoteBooksOnline looks for long term relationships, so this gives you a way to evaluate our bookkeeping service.
Speak with an agent to get a quote and setup an appointment with a Certified QuickBooks Pro Advisor to go over your books.
Bookkeeping checked off your list
Now that bookkeeping is off your mind, what will you focus on next? You have a business to run! Business is difficult enough but no longer has to be with RemoteBooksOnline on your side.
- No late nights of data entry and other tedious bookkeeping work.
- No spending time and money training employees on bookkeeping.
- Books are always current and accurate.
- More time available to focus on your core business.
Offering First Month of Bookkeeping for FREE!
Call 1800 583 0148 or