law firm accounting service

At Meru Accounting, we provide complete trust accounting for law firms designed for modern legal practices. Our virtual model gives you access to trained specialists, proven systems, secure trust accounting software, and real-time reporting. We function as your trusted accounting partner, working alongside your firm, not merely as an external service.

CFO Services

Transactions are posted against proper matters, accounts, and trust classifications to prevent misstatements. This structure reduces month end pressure and correction work. In-house accounting can be costly, time-consuming, and prone to errors, taking focus away from serving clients. Using accounting services for lawyers reduces internal workload and removes the pressure of managing financial tasks in https://www.yuks.co/law/the-primary-aspects-of-bookkeeping-for-law-firms/ house.

law firm accounting service

Step-by-Step Bookkeeping Process

  • With our expertise, we help firms manage their finances efficiently, ensure compliance, and focus on serving their clients.
  • Track time and simplify essential tasks from one convenient hub.
  • Secure access to trust accounting software for law firms is provided, and workflows are tailored to your firm’s operations.
  • Settlement funds pass through trust accounts without VAT application; only the firm’s professional fees are taxed.

Law firms avoid recruitment costs, training time, and long term payroll commitments. Savings can be redirected toward practice growth and client acquisition. We help law firms manage cash flow through forecasting, collections optimization, and accounts receivable analysis. By identifying bottlenecks in billing and collections, we help reduce days sales outstanding and improve liquidity, even during uneven billing cycles. Keeping all financial information within one organized system prevents data gaps and duplicate records.

law firm accounting service

Budget Planning and Forward Review

  • Software selection, integration setup, and team training for seamless operations.
  • Office expenses, filing fees, research costs, and vendor bills are categorized correctly.
  • Our team of experienced legal bookkeepers is well-versed in the nuances of legal finance management.
  • Contact us today to schedule a consultation and learn how our tailored CPA and CFO services can benefit your law practice.
  • Track time, invoices, and payments with streamlined legal billing tools.
  • Catch up on fresh content covering everything from accounting best practices to tech integrations tailored for your industry.

We offer plans that fit your firm’s size, client volume, and workflow. Seasonal or fluctuating workloads are managed smoothly. Flexible plans keep costs predictable and support steady. Your firm gets exactly the level of help it needs without extra expense. With Meru Accounting, your firm can focus on legal work while we handle the financial operations efficiently. Accounting teams stay updated on legal rules and regulations, ensuring compliance.

Handle client funds with strict care and full separation. Law firm trust accounting protects both client and firm. Yes—we’re a boutique legal accounting firm that partners exclusively with law firms.

Law Firm Accounting Services

We are dedicated to providing white-glove Bookkeeping for Law Firms service through the law firm’s subscription. Don’t take our word for it, read case studies from CosmoLex customers here. We invite you to try our legal practice management software for free. Ensure the accounting partner stays updated with local tax laws and real estate regulations to avoid penalties.

law firm accounting service

Start your free consultation today and take control of your trust accounts. Law firms balance client work, compliance responsibilities, and firm management with limited time. Managing accounting internally often leads to delays, distractions, and compliance risk. White label accounting services for law firms provide experienced financial support without expanding internal staff. Firms gain structure, reliability, and peace of mind as financial activity grows.

We tailor our accounting services to your specific portfolio needs, whether you manage residential, commercial, or mixed-use properties. Outsourcing firms have systems and processes in place, which means tasks are completed faster and more efficiently than if managed internally. No, legal services in the UAE are generally standard-rated at 5% VAT with very few exceptions. Most legal work including consultations, court representation, contract drafting, and advisory services attracts 5% VAT.