Accounting & Bookkeeping for Lawyers
Today I would like to take this opportunity to address a particular group of professionals… attorneys. I have had the privilege of working with some extremely talented and bright people who have helped my family and me both personally and professionally. This dedicated group of professionals has a business model similar to my own here at BroadCreek. They put in all the research, labor, and sweat up front—then bill clients after all that hard work is completed. With this type of revenue model, you must have very tight control of your cash flow and billings. At BroadCreek, we understand this model well, providing expert accounting and bookkeeping services for lawyers.
Understanding Accounting for Lawyers
Often, lawyers are the last to get paid, and the invoices just trickle in. It can be a frustrating experience when you’re self-employed and pay your own bills for your practice. It can be overwhelming to try to keep track of any outstanding payments from clients and to stay on top of bills that must be paid to keep things running smoothly. Without someone on your side to help manage your accounting, you can quickly get bogged down.
Cloud-Based Accounting For Lawyers
The introduction of new technology stands to benefit attorneys and other professionals in this work now, get paid later scenario. When you sign on with BroadCreek for bookkeeping and accounting services, you get access to Xero, a leading cloud-based accounting platform. Xero allows you to have an up-to-the-minute record of each transaction. You can see money that has been received in the account, know the details of which clients have paid, and see who still owes money for services rendered. Using Xero’s secure and user-friendly software can help self-employed professionals stay on track financially. Being able to have to your correct financial information at your fingertips at all times puts you in a position where you are better able to make sound decisions for your practice. It promotes solid financial health and makes bill paying and tax time less stressful.
Virtual Bookkeeping for Lawyers with BroadCreek
BroadCreek offers a range of bookkeeping and accounting services for lawyers, up to and including full outsourcing handled by our staff of accounting experts. We’ll help you ensure your accounts are in order without requiring you to overspend or hire a full-time employee. Our experts will get you set up in Xero and help manage your account so you can be confident that everything is up-to-date and you can rest easy when it comes to your financials.
Contact us today. We would love an opportunity to tell you more about the benefits of Xero accounting software for lawyers and the monthly packages that we can tailor to your specific needs.