Legal Accounts

Legal Accounts

For a Law Firm to prosper, it is important that all of the basics are done right. This includes not just the legal side but also the management of the firm. The bedrock of good firm management is good financial management. It is no good having the best lawyers in the world in your firm, if you cannot pay for practising certificates or you cannot prove to the SRA the last time you reconciled client account.

Law Practices are not like other companies and there are a number of specific requirements that set them apart from other businesses. Very few companies have their accounts scrutinised to the extent that Solicitors’ firms do. The COFA in the firm will want to know that the firm’s accounts are handled by a system that is SRA rules aware and helps all staff remain compliant.

This is why it is essential for Law Firms to have a Legal Accounts System that meets their specific needs and requirements without compromise.

You have earnt your customers’ trust by being legal experts, why would you trust something as important as your accounts to a non-Legal Accounts System?

Client and Matter Accounting

Client and Matter Accounting forms a central part of a Legal Accounts system. The proper recording and reconciliation of client account monies is essential. Ensuring that disbursements are properly recorded, whether they be incurred, billed or anticipated is vital. Making sure that staff are warned if they are in danger of breaching the SRA rules is not just desirable, it is a fundamental part of what your legal accounts software should be doing for you.

Find out more about Client and Matter Accounting

Accounts For Your Business

To manage a Law Firm effectively you need to know how you are performing as a business. Your Legal Accounts Software should be able to assist with managing expenditure against budgets, reconcile bank accounts, producing a VAT return, performing cash-flow forecasts and much more.

Find out more about Accounts For Your Business

What Your Accounts Staff Will Love

From user-friendly bank reconciliations to the facility for multiple open financial periods and years, not to mention cheque printing, posting requests, batch posting and transaction drill-down, there is plenty that your accounts staff will love about the Insight Legal Accounts System.

Find out more about What Your Accounts Staff Will Love