Legal Cashier Outsourcing Services
There are significant changes in legal accounting since the introduction of Outcomes Focused Regulation (OFR)
Adherence to the new SRA Accounts Rules 2011 and the requirement for organisations to appoint a Compliance Officer for Finance and Administration (COFA) will impact upon your in-house accounts and administrative arrangements.
The following comprehensive legal cashier service will ensure you are fully compliant with the new rules so that your appointed COFA can rest assured you are managing and minimising risk in particular the treatment of client money.
- Hosted software solution where we hold your data. Alternatively if the data is held on your own servers in-house, we can access and update the information by remote desktop processing (RDP)
- Data collection by various means - electronic slip system via software or alternatively by email, fax, post or DX
- Mandatory conflict, fraud and terrorist checks
- A full transactional posting service to client, office, deposit, time, nominal & purchase ledgers including inter bank account and journal transfers
- Posting undertakings and maintaining/monitoring the central register
- Client interest calculations
- Accounts ledgers updated in ‘real’ real-time
- Accounts ledgers available to view instantly and securely online 24/7 where you have an internet connection
- Automatic cheque printing at your premises
- Bank reconciliations
- Month end and year end procedures
- The production of comprehensive monthly management reports including KPIs, SRA Accounts Rules reports and LSC report forms all of which are available to view securely online
- VAT calculations, online submissions and BACS payments
- SRA Accounts Rules 2011, LSC and HMRC compliance and assistance with inspections where necessary
- Access to our support desks during normal working hours
- Secure data backups
- Access to our online training facilities
