Successful individual practitioners or small and medium-sized legal entities/law firms need efficient, compliant and accurate billing, accounting and bookkeeping in their organizations. However, these key tasks require a lot of work. As your business grows, you may have difficulty managing your company's day-to-day legal bookkeeping works without external support. If such is the case, do you want to outsource legal bookkeeping services? If so, you can work with us to meet your legal bookkeeping needs. Plus, you don't have to worry about compliance, cost recovery, and spending - all will be taken care of by us.

At Outsource2india, we have more than 25 years of service experience in providing services to a variety of global clients that have given us considerable expertise in the field of legal bookkeeping. Our team of legal bookkeepers can meet your all types of legal bookkeeping needs.

Legal Bookkeeping Services We Offer

Outsource2india offers a wide range of legal bookkeeping services to help you keep up-to-date with the financial information of your organization. From accounts receivable to financial reporting, we can help you keep an eye on your operations while reducing the operating costs at the same time. A few of the many legal bookkeeping services that we offer include -

1. Account Receivable Services

   

   As part of our account receivables services for your legal operations, we can -

   • Generating invoices based on receipts, such as confirmation of legal services and a copy of the order
   • Providing support for the statement/description you requested
   • Uploading of the electronic invoice
   • Updating accounts receivable factoring
   • Updating the invoices
   • Tracking the collection and monitoring accounts receivable
   • Updating accounts receivable
   • Reporting/warning short-term payments
   • Preparing and sending account statements and recording the difference found when matching the bank statement
   • Creating accounts receivable reports
   • Creating past and future cash flow overviews, etc.

2. Accounts Payable Services

   

   As a leading legal bookkeeping service provider, we have the know-how and expertise to provide account payable services. Some key support services include -

   • Updating Bookkeeping system
   • Processing of Invoice
   • Resolving/escalating any type of account payable issues (open)
   • Escalating issues when incorrect bills are generated
   • Preparing payment instructions, debit/credit notes, treasury approvals, etc.
   • Maintaining accounts payable
   • Supporting for reconciliation of account statements with the book, and more

3. Bank Reconciliation

   

   Most lawyers and legal firms have to sign many checks, collect receipts, and make numerous bank deposits. There is a high probability of these financial activities to remain unchecked. Therefore, at Outsource2india, we offer comprehensive banking reconciliation services. Some of them are -

   • Reconciling the bank records to resolve discrepancies between the bank statements
   • Reconciling all or part of the account
   • Tracking open checks and deposits in real-time
   • Comparing invoices with the in-house ledger
   • Checking for inserted, issued, redeemed, and canceled checks
   • Creating reconciliation reports

4. Chart of Accounts for Legal Bookkeeping

   

   Chart of accounts provides an intuitive way to record financial transactions, including incomes, liabilities, and expenses. By choosing us to outsource legal bookkeeping services, you can depend on us to provide support services for setting up your legal firm’s chart of accounts. This way you can have a consolidated bookkeeping platform at your disposal.

5. Invoice Processing

   

   We provide invoice processing services for small and medium-sized legal firms with the help of our capable team and by leveraging the latest technology. Some key services under our invoice processing for legal entities include -

   • Getting scanned bills from customers
   • Indexing files/documents of all types
   • Extracting data from line items or headers
   • Data entry (Manual and automatic both)
   • Checking scanned invoices
   • Creating a wide range of invoice reports

6. Support for Ledger Maintenance

   

   The most common work of a legal bookkeeper includes journal entry to maintain the account balance, accounts reconciliation in case of mismatch between the debit and credit, and adjusting the ledger in real-time.

   If you are facing any issues with the ledger maintenance, you can collaborate with us. Our team of expert legal bookkeepers can provide all kinds of support services for maintaining your ledger. Even if you choose to automate the ledger maintenance, we can provide support for that too.

7. Financial Reporting Legal Bookkeeping Services

   

   One of the key aspects of maintaining an error-free book is to prepare financial reports on a regular basis, which must be cross-verified. Thus, under our legal bookkeeping solutions, we can develop tailored financial reports and calculate financial performance indicators to help you analyze your organization's financial performance. Moreover, our team can advise appropriate measures that will help you improve the cash influx. Seeing the report, you can raise a red flag when the finances are not in the right order. Through our financial reporting services for legal bookkeeping, you will get -

   • Detailed financial reporting at pre-defined intervals
   • Recommendations based on actual performance information
   • Support services to back your accountants to enhance their performance

8. Other Legal Booking Services

   • Opening and archiving of files
   • Verifying invoices
   • Maintenance of office/customer receipts and payments
   • Bank Booking and transfer
   • Support for VAT reconciliations and VAT return form
   • Preparation for the month and the end of the year closing reports
   • Generating management reports
   • Creation/support for the billing system for internal use
   • Checking images and conversion to the required format, etc.

Legal Bookkeeping Process We Follow

Regardless of size, finance is the most important aspect of legal firms, thus, keeping pace with spending and revenue gives them a clear picture of their financial situation. At Outsource2india, we have an optimized process to ensure uniformity and accuracy in our services. The most important steps in our legal bookkeeping support services include -

Legal Bookkeeping Software We Use

Our team legal bookkeepers have extensive experience in a variety of accounting/bookkeeping software, including -

Other Services You Can Benefit From

Why Outsource Legal Bookkeeping Services to Outsource2india?

Lawyers/legal firms deal all day with the bookkeeping, accounting, and operational requirements. Whether your field of activity is related to corporate, litigation, crime, etc., you can rely on us to handle all legal bookkeeping services, including support for accounting, payroll and tax preparation. Some of the benefits of choosing us to outsource legal bookkeeping services are -

• Cost-effective Legal Bookkeeping Services

  Outsourcing legal bookkeeping services to Outsource2india gives you access to a more cost-effective platform than your in-house teams. This will free up your resources from the monotony of legal bookkeeping, which you can use to drive business growth.

• Modern Infrastructure

  Our organization has an avant-garde foundation in terms of infrastructure and tools. It enables our legal bookkeeping experts to work in a regulated and peaceful environment. They use modern bookkeeping tools and systems to provide support services based on clients' expectations. In addition, our office is outfitted with the Fire and Prevention System FM200, 24*7 connectivity, firewall and more.

• 100% Adherence to ISMS Regulations

  Outsource2india exercises the confidentiality of its customers' data sincerely. Thus, we impose strict information security measures at all levels of our office and operations. We offer 360-degree information security and are certified to ISO/IEC 27001:2022 ISMS compliance. Thus, you can rely on the confidentiality of your data.

• Secure Legal Bookkeeping

  Once you choose us as your legal bookkeeping service provider, you do not have to worry about any safety or confidentiality issues associated with your legal data. Our experts can operate remotely on your server, so your original legal files won't leave your office premises. We protect data on recurring secure servers and have a fail-safe disaster recovery arrangement in all our offices. Moreover, our processes comply with the Sarbanes-Oxley act and we will begin our collaboration by signing a confidentiality agreement (NDA).

• Expert Team

  At Outsource2india, we rely on our 25 years of expertise to manage legal bookkeeping to help you save time, money, and prepare you for auditing. Besides, our executive team is well-versed in the legal booking process and tools used for account auditing. They are trained to flag accounting errors and make necessary corrections to prevent complications.

• Fast Services to Save Time

  If you hire an in-house team to help you meet your legal bookkeeping requirements, you will squander your valuable time and effort in hiring, evaluating, training, and making room for infrastructure changes. However, choosing a legal bookkeeping service providing company like ours can save you time and effort.

• High-quality Services

  We follow the Six Sigma approach, which enables us to increase productivity while subduing the waste. This way, we can always provide the best legal bookkeeping services in India, which can help you minimize losses, increase cash influx, and utilize your in-house resources in the core business functions.

• Operational Transparency

  Through our legal bookkeeping services, we deliver operational transparency by complying with all standards and protocols of the legal industry. We have also built an effective support process and documented all of our services and communications so that you can review them in the future.

• Economies of Scale

  We have adequate resource pools, both in terms of human know-how and technology/tool stack. Thus, if you want to scale up the support services at any time, you can do that. This way, you can grow and expand your business without incurring additional costs by hiring in-house resources or building new infrastructure.

• Customized Services

  Once you decide on outsourcing legal bookkeeping services to us, you will get first-class professionalism and highly customizable services to fit your needs and size of business.

• 24/7 Bookkeeping Support

  Our support team is available 24/7. Thus, you are free to reach out to them anytime and from anywhere.

Client Success Story

Outsource Legal Bookkeeping Services to Outsource2india

Outsource2india is a leading provider of legal process outsourcing services, including legal bookkeeping, law office management, etc., that cater to different requirements of customers across the globe. We employ some of the most experienced bookkeeping and accounting professionals to meet your exact requirements. With our secure and scalable services, we ensure that all your needs are met in a short period without affecting your business. As your outsourcing partner, we recognize and are committed to your business goals.

Thus, if you are looking for a secure, trustworthy and economical legal bookkeeping service provider, then you are in the right place. Please contact us for customized services and quotes.