Bookkeeping
Packages

Fixed all-inclusive packages at a monthly cost designed to grow as your firm grows.

ENSURING SRA COMPLIANCE FOR SMALL LAW FIRMS*

Well that’s one headache sorted out! Our Acorn Package is for aspiring lawyers who have that entrepreneurial approach. To most people, processing and comprehending a legal document is impossible. For lawyers, it seems processing the accounts is an equally daunting experience, however, here at LFC, we put all the necessary processes, training and support in place. Alternatively, you can spend endless hours of your own time reading how your systems should be set up, the rules about GDPR and the annual preparation of reports etcetera, or you can simply allow LFC to ensure it’s all done for you! When you are a start-up company, the only thing on anyone’s mind is winning business, not “How do I sort out my accounts so I am SRA compliant?”

 

WHAT’S INCLUDED

  • Up to 50 transactions pcm (Bank Statement Lines)
  • Annual preparation of SRA compliance reports
  • Bookkeeping
  • Monthly client account reconciliations, Monthly trial balance report, Monthly client to office transfer report
  • Monthly office account reconciliation, Monthly P&L and balance sheet and VAT submission
  • Cashflow forecast spreadsheet
  • Monthly Aged Debtor Report
  • Accounts payable processing
  • VAT returns
  • Quarterly review and feedback

ADDITIONAL SERVICES

  • Additional transactions
  • One off onboarding fee for data transfer
  • Invoicing
  • Quarterly management accounts
  • Assistance with Individual accounts preparation
  • LA Billing – Police Station, Magistrates and Crown Court

ENSURING SRA COMPLIANCE FOR MEDIUM SIZED LAW FIRMS*

Simple, effective and everything thought of. Imagine the peace of mind that every year you will pass SRA with no glitches. For growing law firms

 

WHAT’S INCLUDED

  • Up to 200 transactions pcm
  • Annual preparation of SRA compliance report
  • Cashflow forecast spreadsheet
  • Bookkeeping
  • Monthly client account reconciliations, Monthly trial balance report, Monthly client to office transfer report
  • Monthly office account reconciliation, Monthly P&L and balance sheet and quarterly VAT submission
  • Implementation of Fee earner performance reports
  • Invoice training
  • Unbilled Disbursements tracking
  • Ad hoc variants, investigation sorting out a pickle (we could offer this for free to win the client?)
  • Accounts payable processing
  • Pay roll
  • Firm budgets and expenditure targets
  • Accounts preparation for Lexcell audits
  • Quarterly management accounts
  • Review and feedback?
  • VAT returns
  • SRA compliance in your previous system
  • One Drawing Partner’s annual accounts preparation
  • E-book: How to run your accounts terminology what is expected of you

 

ADDITIONAL SERVICES

  • Credit control staggered costs
  • Invoicing
  • Extra transactions
  • Consultancy?
  • Data transfer from case management
  • XERO training: Leap, Clio, Insight, Practice Evolve, Lifetime, SOS
  • EXCEL, ISO 9001 or SQM accreditation
  • LA Billing – Police Station, Magistrates and Crown Court

ENSURING SRA COMPLIANCE FOR LARGE LAW FIRMS*

Staff change-over, employees happiness levels, pick up mistakes quickly, support, fully connected law form with zen desk, someone there to talk to.

 

WHAT’S INCLUDED

  • 400 Entries PCM
  • Cashflow forecast spreadsheet
  • Bookkeeping
  • SRA compliance
  • Client account reconciliation: Monthly trial balance, transfer report
  • Office account reconciliation: Monthly P&L and balance sheet
  • Credit Card reconciliation
  • Fee earner report
  • Invoice training full training included
  • Unbilled Disbursements tracking
  • Firm budgets and expenditure targets
  • Accounts preparation for Lexcel audits
  • Management accounts
  • Review and feedback
  • VAT returns
  • Individual accounts preparation
  • Credit controls up to 20 clients per month
  • Ad hoc variants, investigation sorting out a pickle
  • Accounts payable processing
  • E-book: How to run your accounts terminology what is expected of you

WE ALSO DELIVER

  • Credit control additional clients
  • Invoicing
  • Extra transactions
  • Data transfer from case management
  • Additional partner personal accounts
  • Pay roll
  • Historical data
  • Annual preparation of SRA compliance reports
  • XERO training: Leap, Clio, Insight, Practice Evolve, Lifetime, SOS
  • LEXCEL, ISO 9001 or SQM accreditation
  • LA Billing – Police Station, Magistrates and Crown Court

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Guaranteed SRA
Compliance

Complete
Wrap

We’ll Fix
The Past

Accredited Xero
Trainer

Proactive Review
Each Quarter

Moving Made
Easy

“They use their own initiative and expertise in resolving any queries. Their high level of knowledge and support is extremely valued by us.”

Saphel Rose, Managing Partner, Rose and Rose Solicitors

Find out how LFC can help your firm GROW. Call us on 020 7501 3776
or leave a message

WE ARE Certified LEAP, Xero, Practice Evolve partners AND Members of ILFM