Law firm accounting & bookkeeping services in Canada


What does an accountant do in a law firm?
Legal bookkeeping is the ongoing process of recording transactions that take place at a law firm. This specialized bookkeeping is important for two reasons:
Ensures that compliance with the necessary authorities is met, such as trust reconciliations.



What accounting software should I use for my law firm?
Choosing the right software for your law firm is a vital piece to ensuring future success. The cost per software varies, and luckily for most small to medium sized legal firms, choosing enterprise software is usually unnecessary. The premier software for firms based in Canada is Quickbooks Online & Clio. Working together these software options will provide legal workflow processing, payroll processing, and litigation management.
We recommend QuickBooks Online as it is the leading accounting software for lawyers across Canada. It automates many cloud-based accounting functions by integrating with the cloud software offerings that lawyers use. It provides law firms with all of their accounting, legal billing, and reporting needs. Used by over 8,000 law firms, Quickbooks is the standard by which lawyers can keep their financial records secure and up to date.

Are you using Clio?
Maximizing your savings
We provide expert advice for law firms looking to maximize their financial savings and fees. One of the effective methods is deducting specific legal fees. It is important to note that the below items are summarized (meaning there might be more nuanced deductions relevant to your specific law firm). Here are some of the more commonly used deductions:
Legal Fees for Tax Advice or Assistance
Legal Fees Concerning a Retiring Allowance or Pension Benefit
Legal Fees Related to Child Support
Legal Fees to Collect Salary or Wages
Business-Related Legal Fees
How can I make my law firm more profitable?
We know the inner workings of profitability and what it takes to consistently increase your profits. We recommend a couple of techniques:
Stick to your highest and best use, delegate the rest.
Avoid doing non-billable work, and keep track of your billable hours through digital (secure) timesheets.
Charge more with a specialization or sub-specialization.
Identify more ways to implement technology - we work with secure and up to date technology that will help you keep track of your financials.
What are the main expenses of a law firm?
We have identified 5 expenses that law firms are mostly concerned with:
Court filing fees.
Witness fees.
Laboratory fees.
Deposition expenses.
Medical record expenses.

Why cloud bookkeeping?
Services we provide for all law firms:
Bookkeeping
Payroll
Accounts payable
Cloud accounting
Corporate tax
Tax planning
Virtual CFO
System implementation
Blog
Clio Payments: Advanced Legal Billing Software for Law Firms
At Envolta, we’re passionate about leveraging technology to make your life easier and your business stronger. So, if you happen to work in the legal field, then you should pay close attention, because we’re seeing some major shifts in...
Financial solutions built for lawyers
Select A Starter Package
Bronze
Custom pricing
Software setup includes:
Desktop Software – QBO Data Migration
Trial Balance
Import Contact List
Add ons
Historical Trust Ledgers
Silver
Software setup includes:
Desktop Software – QBO Data Migration
Full General Ledger for “One Fiscal Year”
Import Contact List
Add ons
Historical Trust Ledgers
Gold
Full General Ledger for “Multiple Fiscal Years”
Add ons
Historical Trust Ledgers
Get your online bookkeeping services consult today!
Let’s bring your books into the 21st Century
