Looking for a bookkeeper and accountant for your employment law firm? We handle your books, so you can focus on representing your clients. Try us for free.
We are offering free 1 Month Basic Bookkeeping to all new customers so you can experience Accracy's seemless and professional services.
Looking for a bookkeeper and accountant for your employment law firm? We handle your books, so you can focus on representing your clients. Try us for free.
Our team dedicates diligent effort to thoroughly understand your employment law firm, respond to your inquiries, assist you in connecting your accounts, and demonstrate how Accracy works seamlessly with your operations.
Every month, your dedicated bookkeeper neatly arranges your employment law firm's transactions and drafts financial statements. If they require anything additional from you, they won’t hesitate to reach out.
Every month, your dedicated bookkeeper neatly arranges your employment law firm's transactions and drafts financial statements. If they require anything additional from you, they won’t hesitate to reach out.
We proactively provide bookkeeping updates tailored to each case. Have urgent inquiries that need immediate attention? Our team promises to respond within one business day or less, making us the perfect choice for busy employment lawyers.
Our platform enables you to automate data entries from leading providers, minimizing common errors. We collaborate with trusted partners such as Gusto, Stripe, Shopify, and Squareensuring your financial records as an employment lawyer remain precise at all times.
Say farewell to mountains of case files and laborious manual record-keeping — we automate inputs directly from your linked accounts. Gain insights from a single cohesive dashboard, enabling you to swiftly comprehend the fiscal health of your employment law practice and make informed strategic decisions.
Operating within the field of employment law requires meticulous record-keeping, accurate financial organization, and a thorough understanding of industry-specific taxation laws. With Accracy, employment lawyers can now focus on their casework while we handle all their bookkeeping needs. Our intuitive software integrates smoothly with your financial operations, providing a comprehensive, real-time overview of your financial health. At the same time, our team of human bookkeepers ensure that no detail is missed. They handle everything from day-to-day bookkeeping to year-end financials with the utmost accuracy.
Given the strict regulatory landscape of the legal profession, employment lawyers must adhere to a number of industry-specific taxation and financial laws. Our expert team understands these unique demands, and are familiar with the pitfalls and common issues inherent to the field. Whether it's prompt filing of trust account transactions in compliance with IOLTA or handling client retainer fund tracking and reporting, Accracy professionals are trained to meet these challenges. Through seamless reconciliation of accounts and rigorous financial auditing, we ensure that your firm continually meets the highest standards of financial compliance. With Accracy, small business owners can confidently leave all their bookkeeping and tax concerns in competent hands, leaving them free to attend to the business of employment law.
Join over 1000 business owners who have streamlined their finances and have grown their businesses with Accracy.
Everything in Basic plan +
As an employment lawyer, several specific legal industry tax deductions may apply to you. These deductions can significantly decrease your taxable income when properly documented and claimed. Here are some of the deductions you should be aware of:
Please note that tax laws change regularly and can vary by location. Consulting with an accounting professional can ensure that you're maximizing your deductions while staying within the legal guidelines.
Bookkeeping for employment lawyers is tailored to handle the specific dynamics involved in their practice. Experienced professional bookkeepers understand the cyclical nature of law firm income and the need for meticulous tracking of billable hours. They are equipped to manage client retainers in a way that reflects in the financial statements accurately and complies with the legal requirements.
Intermittent income can also pose a challenge for consistent cash flow analysis. Bookkeepers, having a profound understanding of these income patterns, can predict potential cash crunch periods and even the peaks, enabling law firms to plan and strategize accordingly. This specialized bookkeeping service ensures that every financial aspect of an employment law practice is handled with expertise and precision, ultimately contributing to the firm's profitability and growth.
The best way to manage escrow and client trust accounts in the bookkeeping process for employment lawyers involves several important steps. Firstly, it is crucial to keep clear and accurate records of all transactions, including the source and destination of funds. A detailed ledger for each client should be maintained, documenting every disbursement and deposit.
Secondly, reconciling the trust accounts regularly (usually on a monthly basis) is vital. This includes comparing the balance of the trust bank account with the total of individual client ledgers. Any discrepancies should be immediately investigated and corrected.
Lastly, the use of modern bookkeeping and accounting software can simplify this process, increase accuracy, and reduce the risk of errors. Some software options are specifically designed to manage trust accounts and can help to streamline this aspect of an employment lawyer's bookkeeping process.
Beyond these steps, it's incredibly important to stay updated on and comply with state or province regulations regarding trust accounts. Consultation with a professional accountant or bookkeeper is often beneficial to ensure proper procedures are being followed.
We understand that when our clients turn their accounting and bookkeeping services over to us, trust is paramount. We have a team of certified professionals, use proven technologies, and hold ourselves accountable every day. Yes, you can trust us with your sensitive data and to deliver accurate, timely accounting services for your business.
Absolutely. Our team members are all certified in the leading accounting systems and can quickly get your files up to date.
Don’t worry, your financial data belongs to you. Our offboarding is pretty straightforward as we transfer account ownership to you. As a bonus, there’s no stopping you from replicating the workflows we’ve created for your in-house process – in fact, we encourage it.
Savings can vary considerably depending on your current solution, but our clients tell us that it is generally between 30% and 50%.
We do not provide year-end tax filing services as we are not a CPA firm. However, if you are looking for a year-end tax accountant, we would gladly refer you to one of our partners. Having a separate bookkeeper and year-end accountant ensures additional oversight on the accuracy of your books. Your year-end tax accountant can help you review your books during tax season.
No, we are not a CPA firm. Accracy is not a public accounting firm and does not provide services that would require a license to practice public accountancy.
No. We do not offer services which fall under the jurisdiction of these organizations. We have partner organizations who can provide those services if needed by clients. A good example of such services are tax advisory or statutory filings. We have a number of non-economic partnerships with CPA firms who can help our clients with these services if needed.
Every account is set up with a Client Success Lead who will be your day-to-day contact. They’ll liaise with the rest of the team members on your account which may include an accounting manager, bookkeeper, payroll specialist, and payables specialist.
Accracy can support a wide range of companies, from small businesses and startups to large public corporations. Our services are tailored to meet the unique accounting and bookkeeping needs of businesses across various industries.
At Accracy, we operate as a fully remote team, delivering our bookkeeping and accounting services online. We have the necessary tools and systems in place to work efficiently and securely from our remote locations. We will coordinate and collaborate with your onsite team to ensure smooth communication and workflow integration.
Stress-Free Bookkeeping and Back Office Accounting Solutions for Your Business.
Embark on a transformative journey towards financial clarity with our comprehensive organizational services. Beyond mere bookkeeping, we delve deep into the intricacies of your financial records. Every transaction is meticulously documented, categorized, and structured to provide not just accuracy but a foundation for strategic financial understanding.
BookkeepingOur payroll services offer comprehensive solutions for managing employee compensation in both Canada and the US. We handle everything from accurate payroll processing and tax calculations to compliance with local regulations and benefits administration. Our services ensure timely and precise payroll delivery, streamlined tax reporting, and up-to-date compliance with ever-changing laws.
Payroll ProcessingWe offer comprehensive sales tax services, including reporting, compliance, and filing, for both the United States and Canada. Our expertise ensures that your business adheres to all relevant tax regulations, streamlines your tax processes, and mitigates the risk of errors and penalties. Whether you operate in one region or across both countries, our team is equipped to manage your sales tax.
Sales Tax FilingBeyond mere numbers, our reporting services are a gateway to actionable insights. We go beyond presenting data; we interpret, analyze, and deliver reports that serve as strategic roadmaps for your business. Timely, clear, and comprehensive, our insights empower you to make informed decisions, identify opportunities, and navigate challenges with confidence.
Financial ReportingEfficiency is the cornerstone of our accounts management services. Whether handling payables or receivables, we streamline your financial transactions to optimize cash flow. Our focus is on creating a robust system that not only meets compliance standards but also ensures that your financial operations are a well-oiled machine, contributing to the overall health of your business.
Don’t let backlog hinder your progress. Our catch-up services are designed to bring your financial records up to speed. We meticulously address any gaps, ensuring that your records are not just current but also compliant. Stay on top of your financial game with timely updates that provide a comprehensive view of your financial landscape.
Catch-Up BookkeepingExperience the benefits of seasoned financial leadership without the full-time commitment. Our fractional controllership services bring in experts to guide your financial strategies. Beyond mere oversight, our professionals actively contribute to optimizing your business performance. Benefit from strategic insights, financial planning, and a level of guidance that propels your business towards sustainable success.
Fractional Controllership