Bookkeeping for Lawyers (1)

1
Bookkeeping for Lawyers
Presented By
Bottrell Legal
2

• Bookkeeping is an elemental service necessary for
  personal and well as professional reasons. Even
  if you do not own a business, the aid of a
  bookkeeper can ensure your finance is thoroughly
  managed. Similarly, it is very much important for
  small business owners.

3
Understanding Business Accounts

• The first and foremost thing to do understands
  how a business account works. There are different
  types of business accounts like assets,
  liability, equity, revenue or income and
  expenses. Legal bookkeeping services will be
  taking care of all these accounts and ensure that
  they are at par and there are no discrepancies.

4
Setting Up of the Business Account

• The next step to organize your finance is setting
  up the business accounts carefully. There are
  many tools for this purpose and the simplest one
  is the MS- Excel. Other options include exclusive
  bookkeeping software like quicken desktop and
  QuickBooks Online.

5
Method of Bookkeeping

• There are different techniques of bookkeeping and
  it entirely depends on your business type which
  option you choose. Bookkeeping services for law
  firms will require a different approach as
  compared to providing this service for a retail
  store. Hence, as a bookkeeper, having a thorough
  understanding of the business genre is essential
  for being an efficient bookkeeper.

6
Tax Management

• Bookkeeping will also help you get an idea about
  the tax filing and returns that you can expect.
  This in the end will be beneficial for the
  business as you can avoid major penalties that
  occur in this segment due to negligence.

7
Sticking To a Planned Schedule

• A very important tip is to make sure you are
  sitting one time in a week to look through all
  the financial transactions, records, bills, sales
  rate, purchasing also the invoices to keep a
  track of your business. Also it is necessary to
  keep a check on your books everyday in a
  particular time to make it a habit.

8
Contact Details
https//www.bottrelllegal.com.au
45 Hunter Street, Newcastle, Australia
1300 170 547, 02 4027 5389
 office_at_bottrellbusiness.com.au
9
THANK YOU