Solicitor Accounting
Solicitor Accounting
Clients entrust their solicitors with large amounts of money. The SRA Accounts Rules regulate the way in which this money is handled by solicitors, and the SRA monitors compliance with the Rules. These rules set out our requirements for when the authorized firms receive or deal with money belonging to clients, including trust money or money held on behalf of third parties.
Firms will need to have systems and controls in place to ensure compliance with these rules and the nature of those systems must be appropriate to the nature and volumes of client transactions dealt with and the amount of client money held or received. We provide accounting services to the solicitor firms to do periodic accounting and maintain control over clients’ monies
BOOKKEEPING
We provide accounting and bookkeeping services to ensure that the SRA’s requirements for accounting and reporting related to clients’ money have been complied.
OUR SERVICES
We ensure accuracy of transactions as per accounting rules and the reporting of statements as complied with the SRA Rules.
OPERATION & CONTROLS
We provide full support in order to ensure that all controls are implemented and all transactions are completed as per the regulatory requirements.
OUR SERVICES
We ensure compliance of regulations, terms of a contract, storage and retention of record, bank accounts, payment of interest, collection of funds, withdrawal from account, safety of clients’ money, maintain list of all balances/record, etc.
FINANCIAL REPORTING
We ensure that the Financial Statements as required by the SRA are timely and accurately prepared and submitted as per deadlines.
OUR SERVICES
We make sure that the Financial Statements are reported to the authorities, and all related parties as per deadlines.
Our Goals
Our Goal is to uphold the core values of financial standards with utmost honesty, integrity and truthfulness to maintain our reputation and to inspire confidence of all stakeholders. And our business Ethos is to conduct our business in a competent, fair, impartial and efficient manner.
Transparency and Quality of Services
- No Hidden Fee.
- Expert Level Services.
- Meeting Deadlines.
Trust & Client Account Management
Ensure compliance with legal accounting standards. We manage client and office accounts, handle trust funds accurately, and maintain proper records in line with Solicitors Regulation Authority (SRA) requirements.
Financial Reporting & Compliance
Stay fully compliant and informed with expert reporting. We prepare periodic financial statements, reconcile accounts, and provide guidance on regulatory compliance to safeguard your practice and clients’ funds.
At FINGDOM, we provide comprehensive business solutions, including taxation services, accounting, payroll management, staff training, corporate finance, and Companies House services. If you require guidance or have questions about any of our offerings, our team is always ready to assist you. We are committed to delivering reliable support, clear communication, and a smooth experience for all clients. You can reach out to us during our working hours, Monday to Friday, 09:00 AM to 06:00 PM, and we’ll be happy to help.
Download Resources
-
Company Profile
PDF Download
At FINGDOM, we provide comprehensive business solutions, including taxation services, accounting, payroll management, staff training, corporate finance, and Companies House services.
Copyright © FINGDOM FINANCIAL CONSULTANTS LTD is registered in the United Kingdom — Registration No. 13067987.
