Services

Solicitors’ bookkeeping

Legal practices have to stay inside the rules set by the Law Society, the SRA and HMRC. Those rules are numerous, and compliance is hard without a system that watches the ledgers.

Legal compliance

Firms are required to operate within the rules set out by their governing Law Society, the SRA and HMRC amongst others. Compliance is virtually impossible without system help and support. Insight software provides the monitoring required to keep a firm compliant.

What legal compliance software covers

A law firm has to run proper conflict checks, handle client money correctly, pay any interest due, pay suppliers promptly, and submit quarterly VAT returns. It is no longer adequate to rely only on the trained eyes of accounts staff to spot each breach. The systems BOSeCO works with are built with compliance at the core.

Bookkeeping for solicitors

BOSeCO is a firm of chartered accountants and registered auditors specialising in solicitors’ bookkeeping and the audit of client accounts. Clients include sole practitioners, partnerships and limited companies. Bookkeeping can include bank reconciliations on a daily, weekly or monthly basis, balanced client ledgers, and a prompt when a client account is in debit or an office account is in credit so the fee earner can correct it. We will attend a Solicitors Regulation Authority monitoring visit with you.