Bookkeeping for law firms, conveyancers, and professional services.
Professional services firms work under strict financial and compliance rules. Trust accounting, disbursements, and regulatory obligations leave no room for mistakes.
East Coast Bookkeeping & Business Solutions works with law firms, conveyancers, consultants, and other professional services businesses. We bring the accuracy and confidentiality your practice demands, and we understand the financial side of the work you do for your clients.
What we do
Trust account reconciliation and compliance support
We complete your regular trust account reconciliations and keep your trust records up to date and ready for external examination or audit. Your practice stays responsible for its trust account, and we make meeting those obligations easier.
Disbursement management
We record and reconcile client disbursements against each matter, so your billing records stay clean and nothing goes unrecovered.
Payroll for professional services teams
We manage payroll for solicitors, associates, paralegals, and support staff. We make sure contractor and employee arrangements are treated correctly, and super is paid every payday under Payday Super. See our payroll and HR services.
BAS preparation and lodgement
As registered BAS agents, we prepare and lodge your BAS. Lodging through us usually gives you about four extra weeks to lodge and pay most quarterly BAS.
Bank reconciliation and financial reporting
We keep your practice accounts reconciled and prepare reports that give principals and partners a clear picture of how the firm is performing.
Management reporting for firm principals
Regular management reports turn your financial data into practical information, including revenue by practice area, debtor performance, and key benchmarks. See our business advisory, analysis and reporting services.
Cash flow and billing cycle management
Professional services firms often carry a lot of work in progress, with a gap between doing the work and getting paid. We help you manage your billing cycle, so your cash flow keeps pace with the work your team is doing. See our cash flow forecasts and budgeting services.
Who this is for
- Law firms and sole practitioner solicitors
- Conveyancing practices
- Accounting and financial advisory firms
- Consulting and advisory businesses
Why choose East Coast Bookkeeping & Business Solutions
- Experience with trust accounting and reconciliation requirements
- An understanding of the compliance load professional services firms carry
- Discretion and confidentiality as standard
- Registered BAS agents for accurate, on-time lodgement
- Clear reporting on billing, work in progress, and firm performance
- A team of bookkeepers, accountants, and registered BAS agents in one place
- A local office in South Nowra, with support available online Australia-wide
Talk to a bookkeeper who knows legal and professional services
Book a free 30-minute consultation by phone, online, or in person. We’ll look at how your practice runs now and what support would help. Obligation free.
Contact us to book a free consultation.
Frequently Asked Questions
Do you have experience with trust account reconciliation?
Yes. We complete trust account reconciliations regularly to keep your records current and ready for external examination or audit. We understand the obligations that come with holding client money and handle the process with the care regulated practices need.
How do you protect the confidentiality of our firm’s financial records?
Confidentiality is central to how we work, and it matters even more for professional services firms. We handle your firm’s records with the same discretion you give your own clients. Our team works under strict confidentiality obligations and uses secure cloud platforms for all data.
We already work with an accountant. Do we still need a bookkeeper?
For most professional services firms, yes. Your accountant usually handles year-end accounts and tax. Throughout the year, someone needs to keep your records accurate, reconcile trust accounts, run payroll, and lodge BAS. We handle that ongoing work and work alongside your accountant, so they get clean records to work from. That can also reduce your accounting fees.
Can you help us understand our billing performance and work in progress?
Yes. Work in progress and billing cycles are common pain points for professional services firms. We can set up reports that show your WIP balance, monthly billing, debtor ageing, and how quickly work turns into cash. You’ll always know how much work has been done, billed, and collected.
How hard is it to switch bookkeepers?
We handle the changeover from start to finish. We review your current records and systems, then take over in a clean, organised way. When needed, we work directly with your previous bookkeeper to ensure nothing is missed during the handover. Most clients find it much simpler than they expected.
