Outsourced Solicitors’ Accounts

The Law Factory provides an Outsourced Solicitors’ Accounts service which is efficient and cost effective and allows our clients to maintain their accounts to a high standard without the need for a daily presence in their office.

The service operates in the following way:

  • Initial discussions are carried out with the Principals to decide the best way to provide us with the accounts information.
  • The information is then posted onto your accounts package by one of our highly trained accounts assistants.  They deal with reconciliations of the bank accounts, VAT, and month end procedures as well as sorting out any queries with you as they arise.
  • 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.
  • As a legal accounts team, we are able to offer continuity of service during holiday and sickness periods.

In addition to the basic service outlined above, we are able to give you advice and assistance with the following matters:

  • Choosing the right solicitors’ accounts software package.  We are experienced in dealing with the majority of good legal accounts software packages.
  • Choosing good reliable accountants with a strong legal team.
  • Setting up budgets, cash-flows and management procedures tailor made to your business to ensure your office runs as smoothly as possible.
  • Organising payment of your suppliers, staff and tax authorities online to save you valuable fee earning time.
  • Restructuring your business systems and pushing the firm forward.

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