Professional Accounting for Lawyers Downtown Toronto

We know how important it is for a law firm to maintain clean and organized accounting books. But between budgеt рlаnnіng, mаrkеtіng, and working with clients on their legal cases, a реrѕоn can only do ѕо muсh. When you work with a team specializing in accounting for lawyers Downtown Toronto, you run your business while we handle the rest. Our specialized knowledge of working with lawyers and law firms ensures that we can help create and maintain the necessary paperwork for monthly income and expenses for tax preparation and submission. Accountants at TTE Law Firm & Legal Bookkeeping Services discuss your accounting for lawyer needs to determine the best course of action for you. 

We’re currently serving 100’s of firms and businesses across Canada with fast turnaround and guaranteed quality of work. All of our bookkeepers and accountants are vetted, certified professionals with years of experience.

Call Toronto Tax Experts Today for Leading Accounting for Lawyers Downtown Toronto

accounting for lawyers downtown toronto

Accounting for Lawyers and Law Firms in Downtown Toronto

At TTE Law Firm & Legal Bookkeeping Services, our specialized knowledge of working with lawyers and law firms ensures that we can help create and maintain the necessary paperwork for monthly income and expenses for tax preparation and submission. Our accounting consultants discuss your legal accounting needs to determine what package or hourly rate is right for your business. Soon after, we organize the information in an engagement letter for your review and approval.

The financial reporting obligations and requirements of a business are constantly evolving, and differ, depending on the quality and extent of the borrowing, investment, and financing needs of those businesses. We offer a full range of reporting and audit services to those clients who required to offer high-level disclosure and quality financial reporting.

TTE’s accountants are responsible for the daily posting of entries for your trust and general accounts, monthly reconciliations, including the preparation of financial statements, and LSUC Financial and Practice Audits. We’ll discuss your needs to determine which of our accounting services work best for you.

Accountant & Tax Specialist for Lawyers in Downtown Toronto

At TTE, our bookkeeping and accounting contracts renew monthly, allowing you the flexibility to cancel any time. We will send you a kick-off email with relevant information and what files to send us to set up the software and set up CRA representation. We treat you as a friend and not just a file number. We know how critical it is for your law firm to comply with regulatory bodies such as the CRA and the Ministry of Finance. That’s why the accountant handling your taxation, financial statements or bookkeeping has experience working for Lawyers and Law Firms in Canada.

However, if you have any questions or concerns about our accounting for Lawyers Downtown Toronto, you can speak to a member of our team to discuss your firm’s unique needs.

Keeping Track of Your Statements

We will set up Cloud Accounting software and send you login credentials. Next, the team at Toronto Tax Experts will ask you for your bank and credit card statements each month. Provide the required information and your books will be updated by the next month. The accounting software updates your bank account via a secure connection every day and ensures that we can reconcile your accounts.

Now month-end is completed, your expert accountant will accurately reconcile your bank and credit card accounts against general ledger balances and send you an email with a few uncategorized transaction queries.

  • Tax accountants at TTE are experts in a variety of important financial concerns beyond taxes. This financial expertise means you work with a trusted business partner as well as a professional tax accountant.
  • Only pay for what you need. Don’t know what you need? Schedule your free Accounting for Lawyers’ consultation!
  • We’ll send you financial reports that mean something. At months end, your expert bookkeeper accurately reconciles your bank and credit card accounts against general ledger balances.

The TTE Law Firm & Legal Bookkeeping Services Process

We’ll discuss your law firm’s accounting and bookkeeping needs to determine which package works for you. Once we have assessed your needs, we will create an engagement letter for your review and sign off. At Toronto Tax Experts, our professional team specializing in accounting for Lawyers Downtown Toronto work on monthly contracts, allowing you to cancel at any time. We’ll send you an email with relevant information and a list of files to set up the software and CPA representation.

Set a call with one of our CPA’s and review all remaining questions or concerns. We will set up Cloud Accounting software and send you login credentials. Next, the team at TTE will ask you for your bank and credit card statements each month. Once provided, your books will be updated by the next month. The software updated your bank account via the secure connection every day, ensuring we can reconcile your accounts.

Now month-end is completed, your accountant will accurately reconcile your bank and credit card accounts against general ledger balances. After, we will send you an email with a few uncategorized transaction queries. Respond with the missing details and you are done!

accounting for lawyers toronto

About Toronto Tax Experts 

While you focus on your business, our law firm accounting specialists handle your accounting. We file articles of incorporation, bookkeeping, prepare financial statements, file necessary tax documents and the corporate income tax return. Financial planning for a law firm is one of the most important things. Therefore, it’s not just about managing cashflow but also about managing accounts payables and accounts receivables. Tax filing and year-end can be a lot easier if your bookkeeping is well maintained throughout the year.

At Toronto Tax Experts, we take care of your payroll and law firm taxes as part of our law firm accounting services. Our workflow speeds up the process while keeping you up-to-date. We sort and organize your existing documents and data. Together we define a means to ensure that we receive all documentation in the most time-efficient way possible. 

At TTE Law Firm & Legal Bookkeeping Services, we thrive on providing affordable, bookkeeping, accounting help, and customizable Accounting for Lawyers and Law Firms in Downtown Toronto. Our team provides you with the right information to make better decisions and keep you on track.

Call 416-265-6170 today for Accounting for Lawyers or stop by one of our three locations in Queens QuayDowntown or North York today.