Managing the financial side of a legal practice is a unique challenge. Trust accounts, billable hours, compliance requirements — these are just a few of the many financial details law firms need to get right. Our specialized legal accounting services are designed to take care of all this and more, so you can focus on your cases and growing your practice.
We handle the accounting complexities of law firms by offering solutions that cover trust account management, client billing, payroll, and expense tracking. Our approach is customized to your firm’s needs, ensuring accuracy, transparency, and adherence to regulations.
Solo Practitioners
Independent solicitors juggle numerous responsibilities, and financial management often takes up valuable time. Our legal bookkeeping services help keep everything organized and compliant, giving you more freedom to focus on clients.
Litigation Support Firms
Financial management for litigation support firms can get hectic. Our services simplify this by maintaining accurate records, streamlining client billing, and ensuring smooth cash flow management.
Expert Legal Accounting Services
Legal accounting requires a higher level of precision and understanding than standard accounting. That’s where we come in. We streamline your financial processes, optimize cash flow, and provide actionable insights to help your legal practice succeed. Here’s how we help:
Bookkeeping
We handle the details, meticulously recording every financial transaction. From managing client billing to tracking expenses, we make sure your books are always accurate, up-to-date, and compliant. This gives you peace of mind and clarity over your firm’s finances.
Accounts Receivable
Our accountants ensure your invoices, retainer fees, and payment collections are managed with precision. By tracking and following up on outstanding invoices, we help you maintain a steady cash flow and minimize late payments.
Accounts Payable
Vendor payments, consultant fees, and service provider expenses are managed with full transparency. Our system ensures faster processing, reliable tracking, and eliminates unpleasant surprises in your expense management.
Financial Reporting
Gain detailed insights into your firm’s performance with financial reports tailored to legal practices. These reports cover case profitability, cash flow forecasting, and overall financial health, empowering you to make informed decisions.
Comprehensive Solutions for Legal Practices
Legal accounting is about ensuring every financial process aligns with the specific needs and challenges of your profession. Here are some of the additional ways we support your firm:
1
Cash Flow Management
Maintaining a healthy cash flow is critical for any legal practice. We monitor your income and expenses closely, ensuring there’s always enough liquidity to meet your obligations and invest in growth opportunities.
2
Payroll Management
Timely and accurate payroll is essential for keeping your team satisfied. We handle everything from calculating salaries to ensuring compliance with tax regulations, making the process seamless and error-free.
3
Budgeting and Forecasting
Our accounting experts help you plan your financial future with clear budgeting and forecasting services. By setting realistic financial goals and monitoring expenditure, you can confidently prepare for upcoming opportunities and challenges.
Our Technology Partners
Empowering innovation with cutting-edge solutions designed to drive efficiency and transformation.
Elevating Your Legal Practice with Financial Clarity
We take care of the numbers, so you can grow your law firm!
We combine industry expertise with advanced accounting tools to deliver solutions that save you time and money. Here’s why we’re the right fit for your legal practice:
Specialized Industry Knowledge
Our team has years of experience working with legal professionals, making us well-versed in handling the unique financial needs of solicitors, law firms, and corporate practices.
Accurate and Prompt Financial Reporting
We provide clear, timely financial reports that help you make informed decisions and manage your practice efficiently.
Cost Efficiency
By analyzing and monitoring your financial processes, we identify areas to reduce costs and improve profit margins, ensuring you get the most out of your revenue.
Actionable Insights
We turn financial data into actionable insights. Our detailed reports help you seize opportunities and focus on sustainable growth.
Scalable Solutions
As your practice grows, our services adapt to meet your changing needs. Whether you’re an independent solicitor or a large firm, we provide solutions that scale with you.
Streamlined Operations
Outsourcing your accounting removes the hassle of in-house management. From bookkeeping to financial reporting, we handle the numbers, so you can focus on your legal work.
Client Testimonials
See how we've helped others achieve their financial goals with personalized solutions and expert guidance.
"Excellent work with invoicing automation and AP & AR processing. Highly recommended!"
Aaron Attwell
Director
"Excellent team to work with. Great work. Will use their service again for sure."
Jon Kontopos
Vice President
"Exceptionally understanding and competent team. A wonderful experience."
Andy Seth
CFO
"Your team has been outstanding, and we're truly grateful for the exceptional service you've provided in managing our accounting and bookkeeping. The positive outcomes and seamless interactions have been invaluable to us."
Kevin G. Gilles
Founder & CEO
"We wanted to thank you for all of the work and efforts you have completed on our behalf in assisting with the management of our accounting and bookkeeping over the last several months. We have had nothing but positive results and interactions with the Whiz team."
Christopher T. Wright
CFO
"Let me open by saying how pleased I am working with you and the team. It has been an excellent journey so far and I very much appreciate the efforts over the last year."
Kendall Schoenrock
President, SilverRock Ventures
" Love working with the team. Very reliable and responsible"
Nikolas Dimitroulakis
Co Founder
Have questions in mind? Find answers here...
Outsourcing simplifies financial management, reducing stress and workload for law firms. It ensures accuracy and compliance, letting lawyers focus on serving clients effectively.
Professional accounting firms are well-versed in legal industry standards and regulations, ensuring your financial records stay compliant with trust accounting and tax requirements.
Reputable outsourcing providers implement robust data security measures, such as encryption and secure servers, ensuring that your financial data remains private and protected.
Yes, outsourcing provides scalable solutions, giving you access to advanced tools and expertise that support your firm’s growing financial needs without adding internal resources.
Evaluate providers based on their legal accounting expertise, client reviews, data security practices, and ability to customize services for your firm’s unique requirements.
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Let us take care of your books and make this financial year a good one.
Simplify Your Legal Accounting
Handling legal accounting on your own can take up valuable time and resources better spent on your clients and cases. Trust accounting, compliance, and financial management require precision and expertise. Outsourcing your accounting needs experienced professionals streamlines operations and ensure every financial detail is handled with care.
Managing legal accounting in-house often comes with hefty overheads, such as staff salaries, software expenses, and ongoing training. Outsourcing eliminates these costs while giving you access to skilled accountants who specialize in the financial intricacies of the legal profession.
Legal accounting relies on specialized tools for trust management, client billing, and financial reporting. Professional accountants use cutting-edge software to keep your records accurate, secure, and easily accessible freeing you from technological hassles.
Mistakes in legal accounting can lead to compliance issues and financial setbacks. Professional accountants understand the complexities of trust accounts and regulatory requirements, reducing risks and helping your firm avoid penalties.
By outsourcing your accounting, you can shift your focus back to clients and cases. Let experienced professionals manage your financial needs, allowing you to concentrate on delivering excellent legal outcomes
Get the peace of mind that comes from partnering with our experienced finance team.
Peter McKendry
Chief Executive Officer, The Co-Group Limited
After giving opportunities to numerous accounting services providers, we found Whiz consulting. The experience of working with Whiz was overwhelming. The timely and accurate deliverable of the team is commendable. Highly recommended.
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