We provide compliant, cost effective outsourced cashroom services.
From Legal Cashiering, Payroll & Pension services, Management Accounts through to transaction posting, our outsourced cashroom services cover all your finance functions and compliance requirements.
Call us to arrange a free consultation.
Reduce your staff costs and increase productivity.
Our full range of Outsourced Cashroom Services.
Whether you are based in England, Scotland or Wales, the accounts rules are complex. Our outsourced cashroom service will ensure your books and records are kept fully up to date. We will make bank payments, pay suppliers and reconcile your client and firm bank accounts every day. Furthermore, we perform your day, month and year-end routines, submit your VAT returns. Most importantly we will be maintaining full compliance with the Solicitors Accounts Rules and Law Society Accounting Rules.
Call to arrange a confidential meeting to discuss how we can help to reduce your staff costs and increase your productivity.
Outsourced Cashroom (England)
Experienced, qualified cashiers who thoroughly understand the England & Wales accounting requirements. Ensuring full compliance with SRA along with support for COLP and COFA, thus safeguarding your legal practice.
We provide a fully managed payroll service, including all statutory payments, student loans, pensions and any other payment and deductions. We prepare and distribute payslips, set up online payments thus ensuring your employees get paid correctly and on time.
Outsourced credit control allows you to focus on operations and generating revenue, while our team takes care of improving your cash flow. Effective and efficient credit control is critical to the success of every law firm, reducing the wait for payments and maintaining positive cash flow.
We help law firms to manage their purchase ledger function providing regular creditor reports and complete supplier payment runs to enable them to meet payment terms and for VAT effectiveness. Your law firm needs to know how much it owes to its suppliers at any particular point of time.
Audit and Inspections
We have a dedicated team specialising in the requirements of legal firms. With detailed expertise in compliance with the Solicitors Accounts Rules & Regulations, we can provide the the regulators with all the relevant reports they require pre-inspection and assist you in preparing for an upcoming inspection or monitoring visit.
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 Your Cashier.”
“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 Lynne a call if you are considering outsourcing your Cashroom function.”
We add value to your law firm by adding experienced legal cashiers to your team.
Download or company brochure to find out more about our services and how we work with law firms by providing a highly skilled team to run your day-to-day accounts functions and ensure compliance with the accounts rules. Above all, we make sure that your law firm is practising within the solicitor’s accounts rules. In addition, we also provide you with management information and management accounts, thus, allowing you to focus on what you do best, running your business.
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”.