Accounting Services for Lawyers and Law Firms in Edmonton
Legal Bookkeeping
The legal profession is a services-based business that requires specialized bookkeeping knowledge. Legal accounting is usually carried out by specialist accountants who are aware of legal settlements, court proceedings, and accounting procedures in a legal setting. Accountants who provide services for this profession must be experienced and capable of offering good advice.
This is where we come in. The accounting professionals at Anoop Agarwal offer accounting and tax planning service for lawyers and tax professionals. Our certified professionals are completely up-to-date with current and proposed accounting practices that relate to the legal profession. We have worked with many legal practices and managed the taxes and accounts for solicitors’ firms.
We offer advice, assistance, and solutions on all matters related to accounting for lawyers and legal professionals.
Accounting For Legal Firms
Successful legal practices need efficient accounting and billing systems to provide good service to their clients. However, accurate and timely reporting requires a competent team of accountants with specialized knowledge of a legal profession.
As your practice performs better and expands, you will find it difficult to manage the daily operations with just one or two in-house accountants. Most accounting firms use specialist, external accounting firms to prepare their records. The specialist firm can fulfill all types of accounting needs of the legal practice, including the need for reporting taxes to the IRS.
The accounting professionals at Anoop Agarwal CPA, offer a complete accounting service for lawyers and legal professionals. We help them prepare accounting records, tax returns, and also help our clients identify areas of income and expense to improve operational efficiency. We provide an excellent accounting service in Edmonton for legal practices and worked with several successful legal practices in the area.
Our accounting services for legal practice include the following;
- Accounting Setup
- Financial Reporting
- Payroll Processing
- Budgeting & Forecasting
- Cash Flow Analysis and Management
- Preparation of Periodic Financial Statements
- Monthly, Quarterly, and Yearly Review
- Outsourcing of CFO Services
- Tax Preparation & Submission
- Tax-Planning Strategies
- Credit Card Reconciliation
- Errors and Omissions Cleanup
- Office/Client Receipts and Payments Recording
- Bank Transfers and Postings
- Nominal/Purchase Ledger Postings
- Month-End And Year-End Preparation
- Management Reports as Required by the Firm
- Setup of an Accounting System for the Internal Use of the Legal Practice and for Complying with Statutory Requirements
- QuickBooks, Sage, and Other Accounting Software Set-Up And Support
- Legal Practice Structural Guidance
A Specialist Accounting Practice
We understand that legal firms and attorneys require a unique accounting setup. Whether your area of legal practice is civil litigation, criminal proceeding, annulment or personal injury, our expert accounting service can handle your books of accounts with complete accuracy and professionalism.
The certified accountants at Anoop Agarwal will look after your legal account, books of records and tax matters, keeping everything in order. We will also help improve your payroll processing and payroll taxes to ensure partner compensations and staff salaries are delivered on time.
Our accounting service will help you grow and maintain a profitable and fully compliant legal office.
Anoop Agarwal CPA is a reputable accounting practice in Edmonton. We have helped hundreds of clients improve their reporting systems and file tax returns on time. To find out how we can work together, please get in touch with our accounting advisors Contact us at 780-435-9173 or write to us at agarwalanoop@shaw.ca