Law Firm Accountant
At Hart Accounting Services, we offer accounting, bookkeeping, and tax solutions to law firms in Ontario. We use the latest cloud-based accounting technology to provide your firm with customized accounting services. These systems can integrate seamlessly with your existing accounting infrastructure by using video meetings, cloud document management systems, and instant messaging.
Efficient finance and accounting are critical to any law firm’s success, but it can be time- and labor-intensive. As your business grows, you and your staff may find it increasingly challenging to complete all accounting and booking tasks without professional assistance.
We can take care of all your legal accounting, tax preparation, payroll processing, and financial record presentation needs, regardless of your firm’s area of practice.
Hart Accounting Services has strict internal security measures in place, giving you peace of mind that you can safely carry out your fiduciary duties and that your records and information are in safe hands.
Why should you outsource your firm’s accounting to us?
Streamline your operations: By leaving your accounting to us, you free up your time and resources to get more clients, provide them with legal representation and advice, and grow your law firm.
Experience, knowledge, and credibility: Hart Accounting Services has an excellent track record in Ontario as a one-stop accounting firm. By partnering with us, you’ll gain access to accounting solutions that combine tax services and bookkeeping with management consulting – without forgoing control over your financial records and reporting processes.
Personalized accounting solutions: As a CPA firm, we understand that your firm’s needs are unique, which is why we will provide you with a customized accounting, trust bookkeeping, and tax service.
Our accounting services to law firms in Ontario include:
- Daily, weekly, monthly, and annual booking services
- Reconciliation of general bank accounts, trust bank accounts, and trust clients accounting the guidelines of the Law Society of Ontario
- Reconciling and maintaining accounts payable and accounts receivable ledgers
- Drawing up profit and loss reports
- WCB, PST, and GST/HST reporting
- Filing payroll, Record of Employment, and Annual T4 slips
- Preparing GLs, custom, and financial reports
- Tax support for personal income- and corporation tax
We provide all our accounting services to law firms in a timely, cost-effective, and accurate manner. Our accounting solutions ensure complete insight into your firm’s financial standing as well as compliance with the CRA and Law Society of Ontario.
When you hire Hart Accounting Services, you partner with a CPA firm that takes a keen interest in helping you grow your law firm. Our objective is to streamline your accounting processes using the latest accounting and bookkeeping technology. We are also up to date on the latest tax regulations and will go the extra mile to minimize your firm’s tax burden.
By drawing up and analyzing your financial reports, we’ll consult with you and ensure that you understand your firm’s performance in terms of profitability, liquidity, and solvency. Our advisory solutions allow you to make informed decisions regarding your firm’s financial management.
If you already have a booking and payroll staff, consider using our bookkeeping training and support solutions to supplement your existing infrastructure.
Frequently Asked Questions
Here are some questions business owners frequently ask when they consider hiring law firm accountant services
Are Cloud-Based Solutions a Better Option Than Manual Accounting?
Cloud-based accounting solutions offer several advantages over in-office manual accounting. Most significantly, importing transactions using software eliminates the risk of errors and the time it takes to type in each transaction.
Unlike paper copies or hard disc drives, there is also no risk of losing financial reports and records with cloud-based accounting, and you and your accountants can access and share information from anywhere.
I Have A Small Law Firm. Should I Outsource My Accounting?
Small law firm owners often follow a DIY approach with accounting to save costs. However, while you may have extensive legal expertise, you don’t have time to catch up on the rules and regulations of the CRA, Law Society of Ontario, or the Ministry of Finance. Consequently, you run the risk of non-compliance, fines, and a tax bill that is unnecessarily high.
At Hart Accounting Services, we can provide the accounting solutions that will ensure compliance with regulatory bodies and save you taxes and other expenses over the long run.
If I Outsource, Will I Give Up Control Over My Books?
When you hire Hart Accounting Services as your CPA firm, you will maintain full control over your firm’s financial books and have the final say regarding the approval of invoices and payments. Because we keep your transactions current, you will find that you have more control over your firm’s finances, as you can trust the figures you see in your records.
Do You Offer Trust Bookkeeping Services?
Hart Accounting Services offers a complete range of trust accounting services for law firms in Ontario. Our bookkeeping solutions are highly valuable when filing tax returns or demonstrating proper fund management to beneficiaries.