We understand that Accounting & Bookkeeping Services can be a daunting part of your personal. Also, business life that you’d rather not spend much time thinking about.
Unfortunately, Accounting and Bookkeeping services are a necessity that, if ignored, will compound into bigger and bigger problems; more stress, extra service fees, mounting interest and penalties that can lead to financial ruin.
Just keeping up with the Accounts Receivable, Accounts Payable, updating your daily transactions, deciding which accounting system. You need, remembering to file your annual reports, preparing financial statements. It includes other responsibilities required of a corporate entity that can fall by the way-side. Also while trying to operate your business and stay at the forefront of your industry.
At A4L Accounting & Taxation we strive to offer Accounting planning and services. Also, that will turn these overwhelming responsibilities into essential assets. Also, We build a solid financial foundation and protect you from common pitfalls.
Making the investment in properly setting up your Accounting and Bookkeeping now. We will help you avoid stressful and costly mistakes down the road Contact us today.FREE CONSULTATION
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A general monetary retainer is an amount paid to a lawyer by a client to secure the availability for a specific period time.
Unlike a specific retainer, general monetary retainer cannot be allocated to any legal services that are rendered or will be rendered.
Most law firms have two bank accounts: general account and mixed trust account. Also, The Law Society has guidelines regarding what money goes into trust account and what money goes into general account. It is important to understand the rules.
First of all, we need the following documents for bookkeeping purpose:
According to the requirements of the Law Society, you must keep the following records for at least ten full fiscal years:
An important decision every lawyer faces in setting up their practice is how to ensure their books and records are maintained in accordance with the requirements of the Law Society.
There is a prevalent notion among lawyers that the bookkeeper’s role is akin to that of a data entry person. Some lawyers may hire a relative for this job or delegate it to a secretary without careful deliberation of their qualifications. Poor books and records lead to costly administrative suspension by the Law Society.