When is it time to Hire a Bookkeeper for your Small Law Firm?
Hi, I’m Haley Bonczyk, owner of Thrive Bookkeeping.
The best time to hire a bookkeeper for your business is right now! Like many other businesses, Law Firms require meticulous attention to detail as well as a knowledge of the rules and laws required to run a practice.
Hiring a bookkeeper is much more affordable than you think! In fact, not using a bookkeeper for your law firm can become expensive and have serious consequences in the long run.
So here are some of the benefits of hiring a bookkeeper:
First of all, your finances will be up-to-date and accurate. Finding time to take care of the books yourself can be next to impossible, right? Your bookkeeper’s primary focus is on making sure your financials are current.
Using a bookkeeper that specializes in working with law firms will ensure that laws and regulations are followed and met. For example, Client Trust Accounts must be carefully tracked within the accounting software. A Law Firm bookkeeper can do this.
Finally, hiring a bookkeeper to do things right the first time saves you money in the long run and frees up your time. This way you can focus on providing the best possible service to your clients without having to stress about the books.
Making serious business decisions like this can be difficult, especially in the early stages of any startup. But don’t get bogged down by what you don’t know! Educate yourself on the benefits of hiring a bookkeeper as well as the potential consequences of waiting too long to act.