Legal Bookkeeping Toronto
Ortus Accounting provides accounting and legal bookkeeping in Toronto and GTA.
Did you know that The Law Society of Ontario sets rules to regulate minimum requirements for books and records to be maintained in a law practice?
Any lawyer or trusty, who holds client funds, must be able to account of beneficiaries of these funds at any time. The minimum requirements at most focus on trust records that designed to protect the public. Thus, it requires to record the all the money received from each client, keep track for the money disbursed for each client, and to account for the unexplained balance for each client. In addition, you also have to keep your bank statements as an independent record (source document) of your trust transactions. Another important reason to keep books and records intact because it’s in your best interest.
By maintaining complete, accurate and up to date accounting records, you will have current financial information available so you can make sound financial decisions about your practice. Proper bookkeeping also help you to meet your statutory obligations in filing reports on time to the Canada Revenue Agency for income tax and HST, to the Lawyers Professional Indemnity Company for transaction levies, and to the Law Society for your Annual Report.
Our mission is to provide reliable legal bookkeeping services in the city of Toronto and GTA.
Our company provides the following legal bookkeeping services:
Reconciliation of trust account
Reconciliation of general and credit card accounts
Time billing and accounts receivable
Record disbursements, expenses and bills, process bill payments
GST/HST filing
Process payroll and related functions
Monthly closing
Prepare reports required by the Law Society
Setup, support, and consulation for PCLaw
BENEFITS OF OUR SERVICES INCLUDE
Bookkeeper works in your office
Frees up valuable time that can be used for business development
Same bookkeeper works for you to guarantee quality and efficiency
Improve quality and timeliness of financial information
Providing valuable advice on what needs to be changed on the spot to comply with CRA requirements
Improve management and financial decision-making abilities
Minimize exposure from accounting personnel turnover
Achieve greater efficiency by involving an outside expert
Strict quality control and full support from our office
We help you run your business better
Experience – proper bookkeeping is not easy
We provide the best quality service and keep your information secure
For more information or to receive a free consultation, call us at (647) 877-5605 or complete contact form.
GET IN TOUCH
CONTACT INFORMATION
1 King Street West, Suite 4800 – 177
Toronto, ON M5H 1A1
Phone: (647) 877-5605
Email: info@ortusaccounting.com