Legal Cashiering for Law Firms

Cashroom provides all the legal cashiering services typically provided to a firm of solicitors. The difference is that “your” cashiers are employed by us and work remotely from our offices.

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Specialised Legal Cashiering for Law Firms

Amongst many other things, we maintain up to date books and records, pay suppliers and make bank payments, reconcile bank accounts on a daily basis, perform day and month end routines, submit your VAT returns, and ensure full compliance with the Solicitors Accounts Rules and Law Society Accounting Rules.

We work with any Practice Management System

Compliant

We employ fully qualified and experienced cashiers to ensure compliance with the Solicitors Accounts Rules.

Efficient

We have designed and reviewed thousands of internal processes across our entire client base, and we can bring that experience to solve your problems.

Cost-effective

We save firms money by agreeing a fixed monthly fee. We also save fims valuable office space. Holiday, sickness and maternity cover are our problem, not yours.

System Agnostic

We work with any practice management system, and have hundreds of years cumulative experience between our cashiers and accountants.

“The Cashroom’s real-time up-to-date ledger postings and daily bank reconciliations mean I can trust the management information data in my system and run my firm more effectively”

Toni Wensley

Amphlett Lissimore

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“We have been working with The Cashroom for a few years now and have loved the service we have received. They are responsive, professional, helpful and efficient. I’d recommend them to anyone.”

Kim Tucker

KT Family Solicitors

“We outsource all cashiering and payroll to The Cashroom who provide an excellent service. Their staff are knowledgeable, friendly and go above and beyond ensuring we can concentrate on client service.”

Claire Terrill

TMT Legal Services

Interested in a confidential chat?

We’d love to show you how The Cashroom could save you time and money, and ensure full compliance.

FAQs

How do I find the right accountants for law firms?

Look for specialists with legal industry experience, knowledge of client account rules, and a proven track record serving law firms. Cashroom exclusively works with legal practices, providing expertise that general accountants typically lack.

What makes legal accounting different from general accounting?

Legal accounting involves specialised requirements such as managing client money in compliance with the Solicitors Regulation Authority (SRA) or Law Society of Scotland (LSOS) rules, handling complex billing arrangements, and maintaining strict separation between client and office accounts. Accountants working with law firms must fully understand these regulations and processes to ensure accurate, compliant financial management.

What are the benefits of outsourcing your legal cashiering?

Outsourcing to specialist legal finance providers saves time, reduces overheads, ensures compliance with SRA or LSOS regulations, and gives you access to expert financial support without the need for in-house hires. This allows your team to focus on delivering legal services, while experienced professionals manage the financial side of your practice.

Is outsourced accounting secure for sensitive legal financial data?

Cashroom’s purpose-built secure portal eliminates email transmission of sensitive data. Our systems comply with industry security standards, and all our law firm accountants undergo rigorous confidentiality training to protect your information.

How does Cashroom handle client accounting for law firms?

Our specialist team ensures your client accounts remain fully compliant with SRA or Law Society of Scotland regulations. We follow rigorous reconciliation procedures, maintain accurate records, and provide detailed reporting to help prevent compliance breaches and give you peace of mind.

How can better accounting practices improve my law firm's profitability?

Professional accounting for lawyers provides clearer financial visibility, identifies inefficiencies, improves cash flow management, and enables strategic decision-making based on accurate data, all contributing to increased profitability.

What are common accounting mistakes law firms make? Here goes your title

Common issues include mismanagement of client accounts, poor tracking of disbursements, limited cash flow visibility, and delayed billing. Our specialist legal finance team helps prevent these problems through robust processes, regular oversight, and a clear understanding of regulatory requirements.

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