Bookkeeping for Lawyers

When you're busy with matters, court dates, clients and deadlines, bookkeeping can easily get pushed down the list.

Young Guns Bookkeeping provides bookkeeping support for law firms, solicitors and legal professionals across Melbourne. We help take care of the financial administration behind your practice, giving you more time to focus on your clients and your legal work.

Bookkeeping That Fits the Legal Profession

A legal practice can have a steady stream of expenses and transactions to manage. Office costs, professional subscriptions, software, wages, contractors, insurance, marketing and client-related expenses all need to be recorded properly.

Rather than trying to keep up with the books yourself, you can have a bookkeeper take care of the day-to-day financial administration.

Our bookkeeping services can include:

• Bank account reconciliation

• Accounts payable

• Accounts receivable

• Client invoicing

• Expense management

• Supplier payments

• Payroll bookkeeping

• GST and BAS support

• Xero bookkeeping

• Financial reporting

• Cash flow monitoring

• Month-end bookkeeping

• General bookkeeping support

Know Where Your Law Firm Stands Financially

It's difficult to make decisions about your practice when your accounts aren't current.

You should be able to look at your financial records and have a reasonable understanding of your income, expenses and cash position.

We help keep your bookkeeping up to date, giving you better visibility over the financial side of your practice.

Whether you're a sole practitioner or part of a growing law firm, having accurate bookkeeping can make managing the business considerably easier.

Spend More Time With Clients

For many lawyers, bookkeeping isn't the work they want to be doing.

Chasing invoices, entering expenses and reconciling bank transactions can take valuable time away from client work.

By outsourcing these tasks, you can concentrate on your legal practice while someone else takes care of the bookkeeping.

Keep Invoices Moving

Getting invoices issued and paid is an important part of maintaining healthy cash flow.

We can help keep your accounts receivable organised and give you a clearer view of outstanding invoices and incoming payments.

Keep Practice Expenses Organised

Legal practices can have a wide range of ongoing expenses, from legal research platforms and software to office rent, professional memberships, insurance, wages and advertising.

We help keep these transactions properly recorded and your bookkeeping organised.

Stay Ahead of BAS

BAS shouldn't become a last-minute scramble. Keeping your bookkeeping current throughout the quarter means your records are in better shape when it's time to deal with your BAS obligations.

We can help maintain your records and provide BAS preparation and lodgment support as required.

Xero Bookkeeping for Law Firms

If your practice uses Xero, we can work within your existing accounting system.

We can take care of the regular bookkeeping tasks that keep your Xero file current, including reconciliations, bills, invoices, expenses and GST-related transactions.

The result is a cleaner set of accounts without you having to spend hours maintaining them yourself.

Bookkeeping for Different Legal Practices

We can provide bookkeeping support for a range of legal businesses, including:

• Solicitors

• Sole practitioners

• Small law firms

• Commercial law practices

• Family law practices

• Property law firms

• Employment lawyers

• Litigation practices

• Conveyancing businesses

• Legal consultants

• Other legal professionals

Growing Your Practice?

As a law practice grows, so does the financial administration. You may take on employees, move into a larger office, invest in technology, increase your marketing or start handling a greater volume of client matters.

Having reliable bookkeeping support in place means your financial records can keep pace with the business.

It also means you're not left trying to catch up on months of bookkeeping when you should be focused on running the practice.

Practical Bookkeeping Without the Headache

At Young Guns Bookkeeping, we keep things straightforward.

We don't believe you need to spend your time worrying about bookkeeping terminology or complicated accounting processes. We'll work with you to understand how your practice operates and provide the level of bookkeeping support you actually need.

Our goal is simple: keep your books organised, your records current and the financial side of your practice under control.

Law Firm Bookkeeping in Melbourne

If you're a lawyer or solicitor looking for bookkeeping support in Melbourne, Young Guns Bookkeeping can help.

From everyday reconciliations and expenses to Xero, invoicing, payroll and BAS support, we'll help take the bookkeeping workload off your desk.

Focus on your clients and your practice. Let Young Guns Bookkeeping take care of the books. Get in touch today to discuss your bookkeeping needs.