The legal landscape of Texas is diverse and colorful. Being the 2nd most populous state in the nation, Texas offers a variety of options when it comes to law firms and legal practices. While multiple legal markets operate at the heart of Texas, Houston and Dallas are large-scale.
Managing the finances of these law firms can be hectic and confusing. This is why law firm accounting services and bookkeeping are crucial. Not only does it ensure that all financial records are compliant and up-to-date with regulatory standards, but it also enhances the firm’s operational coherence. The success and failure of law firms rely on the efficiency of bookkeeping.
Fortunately, Houston Small Business Services is here to help. With our unique combination of technology, a team of professionals, and over 30 years of experience, we ensure that you are kept on top of your bookkeeping with a little effort.
Willing to know what we bring to the table? Then, please read on!
Also Read: How to Do Accounting for Small Business?
Following is a lowdown that we will cover under our bookkeeping services for a law firm:
A law firm must be on the same page with governmental regulations. Since our bookkeeping keeps track of all financial records, it will help you to maintain transparency and avoid penalties.
Trust account handling is the cornerstone of legal bookkeeping. We precisely record all the billable hours and contingent fees. Additionally, we manage clients’ funds separately from the firm’s operating account to ensure adherence to ethical obligations.
We instantly report all the financial entries. These aid in decision-making during the tax season, financial audits, or at the time of restructuring or expansion of the firm.
We prevent undercharging and overcharging clients. By paying attention to details such as the time spent during counselling and the number of hearings, Houston Small Business Services will accurately charge your clients.
Unchecked costs can lead to tedious financial situations. By recording each economic transaction and other expenses, our affordable accounting services for law firms can help you be more cost-effective.
Also Read: Bookkeeping and Tax Services for Your Small Business
Our proficient bookkeepers possess years of experience in handling legal services. They enable you to concentrate on the core competencies of your legal firm while we take care of your finances. Here are some of the best practices that we follow to mitigate all the complexities and offer real-time insight into the performance of your business:
Here are some of the aspects that we will discuss during our initial consultation:
Houston Small Business Services stands among the top bookkeeping and law firm accounting services in Houston and Dallas. We have catered to the needs of various legal businesses. Outsourcing to us will give you a complete snapshot of your economic health and improved financial management.
In addition to legal bookkeeping, we also offer tailored solutions such as Houston payroll service for small business—ensuring that your payroll processes are just as efficient and compliant as your accounting systems.
All set to address the legal needs of your firm?
Call us today at 346-662-0123 to schedule a consultation with our law firm accounting specialists. Let us help you manage your finances while you focus on practicing law.
Related Blog: How Accurate Accounting Helps Houston Small Businesses Stay Compliant with Tax Laws
