Legal Bookkeeping Services by Bhatia Professional Corporation
Legal Bookkeeping Services by Bhatia Professional Corporation
Maintain accurate records for smooth operations and sound financial decisions.
In the legal profession, precision and accountability are non-negotiable—not just in the courtroom but also in your firm’s financial records. At Bhatia Professional Corporation we specialize in Legal Bookkeeping services tailored exclusively for law firms, sole practitioners, and legal consultants across Canada. With years of experience supporting law practices, we ensure that your finances are organized, compliant, and optimized for long-term success.
Why Legal Bookkeeping Matters
Legal bookkeeping isn’t just about tracking income and expenses. It involves managing client trust accounts, handling retainers properly, ensuring timely billing, and adhering to provincial law society regulations. Mistakes can lead to serious compliance issues, penalties, or even loss of license. That’s why outsourcing to an experienced legal bookkeeping professional is a strategic decision.
Our Specialized Legal Bookkeeping Services
We understand the unique challenges of the legal field. Our services are designed to address the financial intricacies specific to law firms and legal professionals:
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Trust Account Management: We help maintain accurate, up-to-date records for client trust accounts as per Law Society standards. From deposit tracking to monthly reconciliations, we ensure zero room for error.
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Client Billing & Invoicing: Our team streamlines your billing process—whether hourly, flat-fee, or contingency—so you get paid faster and more efficiently.
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Accounts Payable & Receivable: Monitor your firm’s cash flow with real-time updates and structured tracking of money going in and out.
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Financial Reporting: Get monthly or quarterly reports that give you clear insights into the financial health of your practice, aiding better decisions.
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Payroll Support: For small to mid-sized firms, we manage employee payroll, deductions, and CRA remittances, ensuring complete compliance.
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Tax-Ready Books: At year-end, your books are clean, reconciled, and ready for corporate or personal tax filing—making tax season stress-free.
Compliance with Law Society Regulations
Every province in Canada has its own legal accounting standards, especially regarding trust accounts. CPA Bhatia Legal stays updated with all compliance rules laid out by the Law Society of Ontario (LSO), British Columbia, Alberta, and others. We offer audit-ready books and ensure your practice meets or exceeds all professional obligations.
Cloud-Based Legal Accounting
We leverage modern accounting tools such as QuickBooks Online, PCLaw, Clio, and Xero, customized to meet the needs of law firms. This ensures secure, remote access to your firm’s financials—whether you’re in court, at the office, or working from home.
Why Choose Bhatia Professional Corporation?
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Industry-Specific Expertise: We understand the language of legal bookkeeping—client retainers, trust compliance, billable hours, disbursements, and more.
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Accuracy & Accountability: We provide meticulous record-keeping so you never miss a beat.
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Confidentiality Assured: We follow strict privacy protocols to protect sensitive client and firm data.
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Peace of Mind: Focus on winning cases while we handle your firm’s financial backbone.
Take Control of Your Law Firm’s Finances
Let CPA Bhatia Legal become your trusted bookkeeping partner. With us by your side, your legal practice will run smoother, smarter, and in full compliance. Contact us today for a free consultation.