Does My Legal Accountant Need Law Qualifications?

How to find the best Legal Accountant for your business.

Understandably, every company wants to know they can trust their accountant with their finances, this is particularly important for Legal Firms handling funds.

For peace of mind it's always great knowing your Legal Accountant is fully qualified, know exactly how to handle your accounts, can work closely with you and can provide extensive support to your legal firm. If they can do all of the above, you know you can trust them to have your accounts in order and work with the best interest of your company.

So specifically what do you need to look for in a Legal Accountant? Qualifications? Knowledge? Experience?

Legal Accountants have responsibility for handling the accounts of legal firms, including solicitors.

General tasks involve maintaining financial information, preparing financial statements, including balance sheets, tax returns, income statements and profit and loss statements.

They also process all accounts payable and receivable, reconcile general ledgers and analyse and interpret this data.

To summarise, Legal Accountant Responsibilities include:

• Provide ongoing financial advice (initial structure, expansion, tax matters and more)
• Process and analyse financial data
• Reporting findings to the business
• Support with tax filing
• Ensure legal financial compliance
• Monitor financial performance
• Undertake monthly and/or quarterly reviews of accounts

Accountants receive regular IT training to understand how to deal with the most popular software systems including:



• QuickBooks
• SAGE Software
• Xero
• FreshBooks
• + more

At Legal Accounts, all of our team recieve regular training to ensure they understand the popular softwares thoroughly. With the wealth of experience we do have, we're confident in handling any software.

Legal Accountants are highly trained and qualified to professionally deal with your legal finances. Outsourcing a Legal Accountant you trust helps to take away from the inevitable accounting pressures you are currently facing.

With your best interest at heart, Legal Accountants work closely with your legal firm to provide high-quality on-going support. It is the role of the Legal Accountant to ensure your legal firm has accurate accounts and conforms to the rules and guidelines set out by governing bodies (SRA, Conduct of Business Rules) - this comes into play when handling funds.

At Legal Accounts, we are dedicated professionals specialising in legal accounting there is no better place to outsource to than with us, we are efficient and consistent in every aspect of working and assure all of our clients their legal accounting is in the best hands.

Relieve your time and hand your legal accounting over to us.