We collaborate with accounts staff, auditors, and legal teams to successfully complete annual audits and submit accurate reports. Our legal bookkeeping services start at just $10/hour
As the owner of a law firm, you might not have enough time and manpower to manage your legal book. If this is the case, you can outsource legal bookkeeping services to us at Flatworld Solutions. Proper legal bookkeeping would not only help you evaluate the performance of your law firm, but also assist you to make better business decisions. Further, with us as your partner, you do not have to worry about the cost recovery, expenses, and compliance - we will take care of everything.
At Flatworld Solutions, we have over 16 years of experience in providing legal bookkeeping solutions to a vast multitude of clients, including individual practitioners, small and medium-sized law firms, and large legal organizations. With our team of legal support experts, we can meet all your legal bookkeeping and accountancy needs.
Legal Bookkeeping Services We Offer
At Flatworld Solutions, we provide a comprehensive range of legal bookkeeping services from accounts receivable/payable to financial reporting, and more. Thus, by partnering with us, you would be able to keep your firm's financial information up to date and in order. Many of the legal bookkeeping solutions that we provide include -
Account Receivable Services
With Account Receivable services, we can help you with the following -
Create invoices from supporting documents, such as service confirmation receipts, copy of an order, sale, debit, etc.
Support services for the requested statement or description
Upload electronic invoice and update customer factoring
Track collections and monitor the receivables
Update accounts receivable accounting
Report/warn short-term payment
Prepare and send bank statements, and record the differences determined when comparing bank statements
Create customer reports
Create cash flow overviews (both, past and future), etc.
Accounts Payable Services
With our Accounts payable services, we can assist you with the following -
Process the invoice
Correct/upgrade accounts payable issues, if open
Escalate problems in the case of incorrect invoices
Prepare drafts, debit/credit, treasury approval, etc.
Support bank statements with the book, etc.
Most practitioners and law firms need to sign several checks, issue cash receipts, and make large payments to the bank. These financial activities are likely to be unaudited. Therefore, as a leading legal bookkeeping service providing company, we utilize our expertise and technological know-how to provide excellent bank reconciliation services, which includes -
Check bank records to resolve differences between bank statements
Match all or part of the account
Compare invoices and internal ledgers
Real-time tracking of outstanding checks and deposits
Evaluate issued, cashed and canceled checks
Create reconciliation reports
We serve small and medium law firms with the help of a competent team and using the latest invoice processing tools and methods. Some of the important services of our invoice processing include -
Receive scanned invoices from customers
Check scanned invoices
Extract data from headers or line items
Index the files/documents
Manual and automatic data entry
Generate various invoice reports
Support for Ledger Maintenance
One of the most common, but tiresome job in legal bookkeeping includes journal entry to keep balances, and if direct debits and credits don't match, reconcile and adjust the ledger in real-time.
If you have problems with ledger maintenance, you can outsource legal bookkeeping services. This way, our team can help you maintain your general ledger. Further, we can help you even if you choose to automate your ledger maintenance.
Chart of Accounts
The chart of accounts renders an outstanding means of tracking the financial transactions that comprise of liabilities, revenue, expenses, etc. We can help you establish a chart of accounts for your law firm. This way, you will have a one-stop bookkeeping platform in your firm.
One of the most important aspects of keeping a flawless book is preparing regular financial reports. We can create tailored financial reports and calculate financial performance indicators as part of our legal accounting solution to help you evaluate the financial performance of your firm. In addition, our team can propose appropriate measures to help you improve your capital inflow. This way, you can issue a warning if you are in poor financial condition. Our financial reports support services will provide you with -
Suggestions based on actual performance
Support services to help your accountant improve performance
Full reports at predetermined intervals
Other Legal Bookkeeping Services
Management of customer/office receipts
Booking and transfer
Support services for VAT return and VAT reconciliation
Management report generation
Create/support accounting systems for internal use
Legal Bookkeeping Process We Follow
Legal bookkeeping is an integral part of any law firm. Though lawyers are not accountants, they must invest in keeping their firm's bookkeeping initiatives intact. The best way is to partner up with an expert. At FWS, we have a streamlined process to ensure the consistency and accuracy of our support services. Look at the process we follow to provide industry-wide best legal bookkeeping services -
Prepare the original file (source)
Conduct financial impact analysis
Completion of processing method (end of period)
Closing the book
Legal Bookkeeping Software We Leverage
At FWS, we leverage a wide range of bookkeeping software, including -
Why Outsource Legal Bookkeeping Services to Flatworld Solutions?
As a lawyer, you cannot cut corners with the bookkeeping of your firm. Therefore, regardless of whether your area of expertise is related to business, crime, or litigation, you can rest assured that we will help you with all kinds of your legal bookkeeping needs. Take a look at some of the exclusive advantages that you will only get by choosing us as your partner.
Choosing to collaborate with FWS for your legal accounting services need will allow you to use a platform that is economical than your in-house team. This frees your resources from the monotonous work of bookkeeping, which in turn can be used to drive your firm's growth.
Flatworld Solutions maintains the confidentiality of customer data in good faith. Therefore, we take strict information security actions at all points of the process, office, and business. We provide 360-degree information security and have passed ISO/IEC 27001:2013 ISMS certification. As a result, you can rely on us to maintain the privacy of your data.
Our organization has a solid foundation in terms of tools, systems, and infrastructure. Thus, by leveraging these facilities, our legal bookkeeping experts can work in a structured and quiet environment. They use contemporary tools and systems to provide excellent support services. With delivery centers across the world, we can meet all your bookkeeping demands.
At FWS, we rely on our 16 years of legal support service experience to make your book fail-safe, thus, saving your time and money. Further, our management team has over 100 years of combined management experience. If you choose us, we will provide individual attention to your needs.
100% Secure Legal Bookkeeping
With us, you no longer need to worry about confidentiality or security-related concerns related to your data. Our professionals can work remotely (on your server) so that your original files do not leave your office. Furthermore, we have foolproof disaster recovery protocols in our workplaces and guard data on recurring servers. In addition, our process is in accordance with the Sarbanes-Oxley Act, and we begin our services only after signing the non-disclosure agreement (NDA).
All our legal bookkeepers follow the Six Sigma method, which allows them to increase their productivity while reducing waste at the same time. In this way, we make sure that we are able to always provide the best legal bookkeeping services to you, which can further help you curtail the losses, proliferate cash flow and free up your internal resources.
Quick Services to Save Time
When you hire an internal team to meet your legal bookkeeping needs, you are wasting precious time and energy on evaluation, training, and creating space for infrastructure changes. However, choosing us as your legal bookkeeping service provider can save you from wasting your time and effort.
100% Operational Transparency
With our legal bookkeeping services, we provide 100% operational transparency by acting in accordance with all the standards and agreements of the legal industry. We also establish an operative support process and document all our legal support services for future assessments.
Customized Legal Support Services
Once you choose us as your legal bookkeeping service providing company, you will receive top-notch professional, but customizable services that can be tailored to your needs and company size.
Economies of Scale
We have ample resources, both in terms of numbers and tool stacks. So, if you want to extend your support requirements at any time, you can do so. In this way, you can expand your business without undergoing the monotonous task of hiring resources or building new infrastructure.
24/7 Contact Center Support
If you come across any issue or fallout, you can just convey your query or problems to our 24/7 working customer support team.
Client Success Stories
Flatworld Solutions Helped a NY-based Law Firm with Paralegal Services
Read the case study to know how a leading insurance company leveraged FWS's paralegal services to settle their case faster, reduce cost per case with zero overheads.
Flatworld Solutions is a prominent legal process outsourcing solutions provider with 16 years of substantive experience in the support service domain. We can cater to the different legal bookkeeping and accountancy requirements of law firms of all sizes.
With our secure and scalable legal support services, we can ensure that all your requirements are met in a short period of time without affecting your company's financial situation. As your partner, we recognize and put in our best to meet your end goals.
So, if you are looking for a reliable, cost-effective, and transparent legal bookkeeping services provider, then you have come to the right place.