Understanding the intricacies of law firm finances and efficiently managing the cash flow is not everyone's cup of tea. While you might be a solo practitioner or a small law firm thinking that you could handle your bookkeeping yourself, we would suggest otherwise. Availing bookkeeping services for lawyers is essential as it allows you to focus on operations more crucial for thriving in the industry.
If you have plenty of time, you might do your own bookkeeping. However, bookkeeping is time consuming and demands consistency. With daily transaction and expenditure management, you are always caught up by low-level tasks such as data entry and calculation. However, a professional bookkeeper can do all these tasks in a shorter time and with exponential efficiency.
Tedwed, being the hub of professional bookkeepers is familiar with all the ins and outs of bookkeeping for law firms. With in-depth understanding of the tactful methods and innovative strategies from our financial reports, you can expect a rapid progress within a short span.
Our automated system allows you to look over everything from your office and monitor the progress in real time. With better insights into the cash flow and investment strategies from our accountants, your profitability increases as never before.
Allowing Tedwed Bookkeeping to take over your bookkeeping and accounting operations lets you unlock your full potential. Let's see how:
Lawyers are generally busy and they tend to forget business expenses in small firms. Besides, your personal expenses might get confused with your business expenses. As a bookkeeping service, we ensure that your records are accurate and exact.
Accurate records allow us to create insightful monthly reports. These reports are essential to your future prospects as they help you make better decisions and devise strategies accordingly. From reporting to data interpretation, Tedwed Bookkeeping is your 24/7 financial partner.
Your small business needs a professional who can ensure that your employees are timely and correctly paid. Alongside this, your cash flow has to be organized, reported and evaluated recurrently with proper statements. With redundancies and shortfalls identified and reported, you can make timely decisions and avoid inconveniences.
From sharing your burden to ensuring meticulous financial reporting, our bookkeepers can be the game changers for your law firm. From bookkeeping services for lawyers to accounting and decision making assistance, let's thrive together.
Got questions? We've got clear answers to the most common things businesses ask us.
Our bookkeeping services cover everything you need to keep your financial records organized and up to date. This includes income and expense tracking, bank and credit card reconciliation, accounts payable and receivable management, monthly financial reports (like profit & loss, balance sheet, and cash flow statements), and general ledger maintenance.
Yes, all of our bookkeepers are highly experienced and trained in U.S. accounting standards. Many hold certifications such as QuickBooks ProAdvisor or Xero certification and have years of hands-on experience working with small to medium-sized businesses across various industries.
We take data security very seriously. Our systems use bank-level encryption (256-bit SSL) and secure cloud platforms to store and manage your data. We also sign confidentiality agreements with every client and restrict data access to authorized personnel only.
Absolutely! We work seamlessly with popular accounting platforms like QuickBooks, Xero, FreshBooks, and Wave. If you're using a different system, we'll assess its compatibility and suggest the best way to integrate our services without disrupting your current workflow.