Cashroom

The Cashroom provides all the legal bookkeeping services typically provided to a firm of attorneys. The difference is that 'your' bookkeepers are employed by Cashroom and work remotely from our offices. Amongst many other things, our bookkeepers maintain the day-to-day bookkeeping, including monitoring operating and IOLTA accounts, receivables, accounts payable, accounts reconciliation, daily deposits, payroll and perform month end reporting, all while ensuring full compliance with bar associations rules and regulations.

Cashroom is a premier global provider of legal billing solutions for law firms. Our goal is to streamline and simplify your billing and accounting processes, allowing you to focus on what truly matters - practicing law. Backed by a team of legal billing professionals, we bring years of expertise in optimizing legal billing procedures. Our legal billing services are comprehensive and include

• Generate Draft/WIP statements
• Revise Draft/WIP Statements
• Generate Final Billing Statements
• Run Monthly WIP Aging Reports
• Run Monthly AR Aging Reports
• Run Monthly Trust Reports
• Reconcile Daily/monthly Trust disbursements
• Generate LEDES files for E-billing

Cashroom know exactly what is needed by the regulatory bodies and produce the same for you. Whether financial statements, periodic reports, debtor reports, bank reconciliation reports, financial analysis reports, ratio analysis or any ad-hoc reporting – our expert Legal Accountants have you covered.

Key Points

• We employ fully qualified and experienced bookkeepers to ensure compliance with bar association rules
• We have designed and reviewed thousands of internal processes across our entire client base, and we can bring that expertise to solve your problems
• We save firms money by agreeing a fixed monthly fee. We also save legal practices valuable office space. Holiday, sickness and parental cover are our problem, not yours
• We work with any practice management system, and have hundreds of years cumulative experience between our bookkeepers and accountants
• We produce monthly or quarterly management information within a few days of the period end. We also help with preparation for year end accounts.
• We help track annual budgets and cashflow projections, and monitor actual results against projections. We can also help prepare projections to assist with funding applications.
• Commentary and advice on monthly performance, along with fee and performance analysis.