We provide compliant, cost-effective outsourced cashroom services.
Our outsourced cashroom services encompass a comprehensive range of financial functions and compliance obligations, including legal cashiering, payroll & pension services, management accounts, and transaction posting. This holistic approach ensures that all your finance needs are met while adhering to regulatory standards and compliance requirements.
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Cut cashroom expenses, and boost productivity.
Reduce your cashroom costs and increase productivity.
We provide a full range of Outsourced Cashroom Services.
Navigating the intricate accounts rules, whether in England, Scotland, or Wales, can be daunting. Our outsourced services offer a tailored, seamless solution to ensure your financial records remain meticulously maintained. From handling daily tasks like bank payments and supplier payments to reconciling client and firm bank accounts daily, we’ve got you covered. Moreover, we process your day-to-day, monthly, and annual routines, including the submission of VAT returns. Rest assured, we prioritise full compliance with the Solicitors Accounts Rules and Law Society Accounting Rules. Take the first step towards outsourcing your cashroom operations by scheduling a confidential meeting with us and discover how our outsourced cashroom services can effectively reduce your staff costs and increase your productivity.
Tailored outsourced cashroom.
As an outsourced cashroom company, we understand that every law firm has unique requirements. That’s why we offer tailored services that can be adapted to meet the specific needs of each law firm. Our flexible service offerings allow for scalability and adjustments as your firm’s needs evolve over time.
Compliance and regulatory adherence.
It is our role as an outsourced cashroom specialist to prioritise compliance with legal and regulatory standards. With a firm commitment to strict adherence to the SRA & The Law Society Accounts rules, we provide assurance to our clients that their financial operations are in safe hands.
Qualified expert legal cashiers.
As you would expect from a professional outsourced cashroom company, we provide a team of fully qualified professionals specialising in legal accounting and cashiering. With expertise in all the relevant regulations, we ensure effective handling of diverse financial tasks.
More efficiency and accuracy.
As an effective outsourced cashroom company, it is our duty to prioritise accuracy and efficiency with all of our outsourced cashroom services. Our streamlined processes ensure prompt and precise handling of transactions, including timely payment processing, reconciliation, and reporting.
Our outsourced cashroom services include:
Legal Cashiering Scotland
With SOLAS-certified legal cashiers, our Scottish legal outsourced cashroom and accounting services are well-prepared to fulfill your requirements. Crucially, we prioritise safeguarding your business by meticulously adhering to the Law Society of Scotland’s Accounting Rules.
Legal Cashiering England
Backed by a team of seasoned cashiers, each ILFM qualified and well-versed in the accounting requirements of England & Wales, we ensure adherence to SRA standards. Furthermore, we provide specialised assistance for COLP and COFA, demonstrating our commitment to comprehensive outsourced cashroom support.
Payroll for Law Firms
Our fully managed payroll service encompasses statutory payments, loans, pensions, and various other payments and deductions. We handle the preparation and distribution of payslips, as well as the setup of online payments, ensuring accurate and timely payment for your employees.
How does professional outsourcing work?
Accountants and bookkeepers are usually hired to help comply with annual tax filing and income statements. Many legal businesses can go a stage further than this by outsourcing much more or all of their accounting and bookkeeping requirements. Find out more by reading YouGov’s article: “Seven in ten British businesses outsource to third parties”.
Say hello to outsourced cashroom services that work the way you do.
Say hello to YourCashier, your go-to for outsourced cashroom services. We specialise in converting your hard work into tangible cash flow with our sophisticated yet cost-effective services. Our team of qualified legal cashiers ensures expert financial management, including responsive credit control functions, so you can focus on running your legal practice.
Trusted by over 90 law firms, we provide empowering management information and handle all aspects of your legal finance function. With YourCashier, your financial affairs are in capable hands, allowing you to focus on business growth and achieving your objectives.
Burnett & Reid LLP
When one of our cashiers left the firm in 2015, we made the decision that it might be the time to change the way we work and outsource part of our Cashroom function. We thought it would be a more efficient approach and it would take away some of the stress from our own management of ensuring we had Cashroom staff in the office each day. No need to worry about holiday cover or sickness cover anymore and ensuring that the transactions on our client ledgers are posted on a daily basis. We approached a couple of companies that offer this service and in the end decided to go with YourCashier. Over the last six years, we have had a consistent point of contact that feels like they are our own cashier. We easily set up a process with them that works for us and them and the postings are done on a daily basis, with the client bank account being reconciled daily. They also assist us with setting up bank payments.
We have been very happy with the service that has been provided and I would certainly recommend giving them a call if you are considering outsourcing your Cashroom function.
We add value to your law firm by adding experienced outsourced cashroom members to your team.
Download our company brochure to discover more about our services and how we collaborate with law firms. We deploy a highly skilled outsourced cashroom team to manage your day-to-day accounting functions and ensure compliance with the accounts rules. Most importantly, we ensure your law firm operates within the solicitor’s accounts rules. Furthermore, we provide management information and accounts, enabling you to concentrate on your core business operations.