What does a law firm need the most to thrive in the legal industry? At GTA, we completely understand this and offer tailor-made solutions to all your problems. Our outsourced bookkeeping services for attorneys can scale with your practice. Whether you’re a solo practitioner or a growing law firm, you can adjust the level of service based on your needs without the hassle of hiring or downsizing staff. Our bookkeepers have the expertise to handle legal accounting software including Cosmolex, Leap, Ghost Practice, PCLaw accounting support in Canada. We work with you to achieve your financial goals and enhance the profitability of your law practice.
For small businesses, one mistake can be costly. Get help before you hire.
- After having the same bookkeeper for our firm many years, we were very worried about finding someone new.
- Whether you’re currently using QuickBooks and need professional consulting services, are looking to buy QuickBooks or even outgrowing QuickBooks, we can help.
- Execute ongoing system reviews to ensure processes are followed, investment is optimized, and you can make fast, confident business decisions.
- Delivering precise and efficient accounting & bookkeeping solutions tailored to the unique needs of our clients.
- Affluent CPA maintains compliance by staying updated on industry regulations, implementing robust internal controls, and providing ongoing staff training.
Clio can not be used to handle all of the accounting needs of a business. Stop letting complex financial compliance distract you from practicing law. We provide expert bookkeeping and IOLTA management services specifically for law firms. From meticulous trust account reconciliation to detailed case cost tracking, we provide the financial clarity and peace of mind you need to run a successful practice. Our accounting professionals prepare your financial statements and help you file state and local tax returns so that you don’t have to worry about it.
Full Service Team
That’s why our entire company culture is anchored in honesty and transparency. We have hundreds of happy clients, which has made us the fastest growing accounting firm in Canada. Our fees depend on the size of the firm and the work, involved but we can provide a fixed fee each month so that you can budget. Cloud based accounting and practice management software is essential in today’s world. We know what the Law Society of Ontario requires of you with respect to bookkeeping records. We are diligent at all times to ensure that our clients are compliant with all Law Society of Ontario bookkeeping and reporting obligations.
How much would it cost to hire a law firm bookkeeping
We follow strict state bar requirements, including three-way trust reconciliations, proper segregation of trust and operating accounts, and meticulous client ledger maintenance. Our process also aligns with IRS standards for expense categorization, revenue recognition, and documentation to ensure your books are audit-ready and fully support your tax filings. We stay current with regulatory updates and conduct regular internal reviews to maintain best practices. Our property management company has been working with Velan Bookkeeping for the past 5 months, and I’m quite impressed! They were able to take a lot off my plate, allowing me to focus more on providing excellent service to my clients. Law Firm Bookkeeping Solutions, Inc. (LBSI) is the billing and bookkeeping solution for the modern law firm.
- Toronto, Ottawa, Calgary, Vancouver, Edmonton, Waterloo, Victoria, and remote-first firms Canada-wide.
- At GTA, we completely understand this and offer tailor-made solutions to all your problems.
- Receive financial statements that make sense for a law firm, including clear reporting on revenue, partner equity, and case profitability to guide your firm’s growth.
- If you are using other cloud based accounting and practice management software, like Clio, that uses QuickBooks Online as the bookkeeping component.
- The Fit Call is our way of learning about you, your firm, and where things feel murky or misaligned.
- With GTA’s specialized bookkeeping services for law firms, you’re not just getting an accounting service—you’re partnering with experts who understand the legal landscape inside out.
If my firm needed to contract for support in these areas in the future, Susan would be the first person we would call. We’re fluent in legal and financial tools that matter to small firms. We specialize in tools that integrate seamlessly with small law firm operations. Our core platforms are Xero and QuickBooks Online for accounting, Clio and LeanLaw for practice management, and Gusto or OnPay for payroll. We offer expert-led, done-for-you bookkeeping built specifically for attorneys and law firms. Instead of spending valuable time working on the day-to-day mechanics of the business of practicing law, take the time to give us a call.
These are the systems we know, trust, and recommend—but if your firm is aligned with our approach and using something different, we’re happy to The Importance of Professional Bookkeeping for Law Firms explore compatibility during the Clarity Review. Their team is really responsive; they assist with any complicated accounting concerns. They keep our books up to date, and we also enrolled in the plan that includes income tax filing, which is excellent.
New Clients
As a law firm, you need to be nothing short of perfect, as you will be under strict scrutiny by your clients and law officials. With a team of highly skilled professionals, we provide meticulous financial management to ensure accuracy and efficiency for your law practice. At FinOp Group, we specialize in understanding the unique financial needs of law firms at every stage of their growth. We help our clients adapt and improve their financial operations to meet these evolving needs.
Reduce & Optimize Costs
- We can effectively manage all your daily financial needs, including payroll, invoicing, accounts payable and regular account reconciliations.
- We have been very impressed and satisfied with the level of service we have received from this firm.
- I called upon Accounting for Law for assistance in readying my books for the audit.
- We have no hesitation in recommending AFL’s staff and services to other law firms.
- Watson™ can help you increase your visibility to your existing and potential clients or customers through a system of coordinated and targeted communication strategies.
We reconcile trust ledgers monthly, track client balances, and support 3-way trust compliance—without the overwhelm. Depending on your firm’s size and systems, support may also include partner compensation tracking, dashboard metrics, payroll, or billing support—we work with you to design a package that fits. You can expect reconciliations, IOLTA trust accounting, financial statements, and ongoing guidance that connects the dots between your numbers and your next move. Velan has been able to develop alongside us as we transitioned from a single product to a multi-product business. In addition, we will help with your business structure, tax planning, preparation, and filing. In fact, we will take care of any business or personal financial needs for you and your staff.