Bookkeeping for Lawyers - PowerPoint PPT Presentation

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Bookkeeping for Lawyers

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Bookkeeping play important role to manage finance and accounting of legal firm. Bottrell legal has expert team of professional bookkeepers who offers best bookkeeping for lawyers. To know complete guide for legal bookkeeping service, have a look on this Presentation. – PowerPoint PPT presentation

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Title: Bookkeeping for Lawyers


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Bookkeeping for Lawyers
Presented By
Bottrell Legal
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  • 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.

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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.

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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.

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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.

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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.

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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.

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