Select Page

5 reasons why Solicitors should outsource bookkeeping

Time is your most valuable asset and a decision to outsource the number crunching (Book Keeping) is comparing time vs benefits.
Book an appointmentVisit our Solicitors bookkeeper page

Solicitor’s book of accounts is closely monitored by Irish Law Society and given the risks and sensitivity of record and client Records and keeping their monies, it is imperative for the Solicitors to have an accurate system of recording the day-to-day transactions. Solicitors accounts are specialized and right level of expertise are needed to capture, record transactions and reconcile on a periodic basis.

Below are 5 Reasons why Solicitors accounts can be outsourced to specialist accountants who have legal accounting knowledge and expertise.

1. Specialist Accountants and Book Keepers

Outsourced bookkeeping and accounting services benefit law firms because they get access to a team of specialists committed to maintaining their financial records in order. Giving up this amount of control might be unnerving at first, but a good accountant can help you out tremendously.

The right specialist will have a thorough grasp of the legal industry’s tax structure and will be able to give advice that is specific to your firm’s requirements. They could also be able to help you make smart financial decisions for the future of your firm.

2. Minimization of Risk

As your law practice grows, so does the amount of knowledge required to stay on top of everything. What you might have been able to tolerate when the practice first started has most certainly become far more difficult. You’re now at a higher risk of making financially devastating blunders.

These dangers are reduced when accounting services are outsourced. Professional accounting services are devoted to safeguarding you from financial harm, as if they were dedicated to protecting you from legal harm. This is especially true as your firm expands.

3. Value for money/ Cost effectiveness 

When compared to the expense of hiring a full-time accountant, the cost is negligible. You just pay for the services you require when you engage an outsourced accountant.

We provide custom-tailored solutions to meet your specific requirements at an affordable price.

4. Focus on the Most Important issues.

Your team’s time spent on bookkeeping may be better spent on other critical components of running a successful legal practice. By delegating accounting to a competent expert, you and your colleagues can focus on growing your law firm while knowing that their funds are in good hands.

5. Remote Bookkeeping

Major operational costs are factored into your budget. You save money by doing a lot of the work yourself. Unfortunately, you’ll need a crystal ball to predict how much time and effort back-office tasks like bookkeeping will take.

You can manage your financial data on your own, but it will take time, frustration, and money. That’s why a growing number of small business owners hire a remote bookkeeper to handle their essential financial tasks.

You’ve come to the perfect place if you’re looking to outsource your accounting.

TAS Consulting specialises in Solicitor Bookkeeping, and our team of specialists can assist you with anything from bookkeeping to law society reports.

Call us at 01 442 8230 or fill the form below

    Other Services

     

    We offer a range of services to Startups & Businesses in Ireland.
    R
    Year-End Accounts
    R
    Company Registration
    R
    Accounting Solutions
    R
    Capital Gains Tax
    R
    Payroll
    R
    Tax Returns
    R
    Business Advisory
    R
    Inheritance Tax
    R
    Other Services

    Happy Clients

    Years of Experience

    Affiliations

    Recent Blogs

    Small Business Cash Flow Management Tips

    Small Business Cash Flow Management Tips

    Here are some suggestions to help you manage your cash flow, especially if you're having financial difficulties. How important is cash flow management in the business world? Cash flow is a powerful financial indicator that can reveal a lot. Being in good...

    Payroll service in Dublin, Ireland

    Payroll service in Dublin, Ireland

    Employees are the most important resources for any organisation to function because they are the most important resources for the organisation to function. As a result, corporations devote the majority of their time to employees, such as recruitment,...

    Annual Directors Returns

    Annual Directors Returns

    Directors who possess more than 15% of an Irish Limited Company's share capital must file a director's income tax return. Whether you take money from the corporation or not, this is the fact. The director's tax return is a disclosure of a director's...

    Need Business Plan Services?

    Need Business Plan Services? We also assist in the Business Plan Wtriting Services with our expert team.