Begin by booking a free consultation with one of our skilled bookkeepers to discuss your unique needs and challenges. Next, we’ll develop a customized action plan that addresses your specific requirements, ensuring a perfect fit for your business. Finally, let our team of experts handle your bookkeeping and financial management tasks, allowing you to focus on what matters most – growing your business. With Crystal Books by your side, you can enjoy peace of mind knowing that your financial affairs are in good hands. Real-time financial reporting is a powerful tool that provides you with up-to-date insights into your business’s financial health. It allows you to track your cash flow, monitor expenses, and make informed decisions quickly.

Federal and provincial sales taxes (GST/ HST, PST & QST)

It’s a dedicated team of professionals with over 25 years of experience in the bookkeeping industry. We’re laid back, and approachable, but most importantly, we’re proficient in the art of bookkeeping and accounting. Our team is consistently working together to end your bookkeeping struggles and take those bookkeeping responsibilities off your hands, once and for all. From critical business decisions to new bookkeeping system implementations, we provide the expertise you need, including comprehensive bookkeeping and technology services to ensure your project’s success.

TAX SEASON

We focus completely on offering law firm bookkeeping to guarantee your firm’s financial security. Accurate expense tracking is crucial for law firms to maintain financial discipline and allocate resources efficiently. To effectively track business expenses, law firms can leverage the expertise of outsourced bookkeepers. Additionally, understanding the distinction between cash and accrual accounting methods is vital for effective financial management in law firms.

Personal Real Estate Corporations (PRECS)

Indeed, we ensure every dollar is accounted for fully and all financial transactions are recorded accurately. Know exactly the sources of your business money and how you spend it. Understanding your cash flow is crucial to effective financial management in the business world.

At Envolta, we’re Bookkeeping for Law Firms passionate about leveraging technology to make your life easier and your business stronger. So, if you happen to work in the legal field, then you should pay close attention, because we’re seeing some major shifts in… Keep track of all of these expenses and more through the suggested (above) technology. Ensures that compliance with the necessary authorities is met, such as trust reconciliations.

One Partner for All Your Financial Needs

We offer an ‘initial tax consultation’ that includes up to 30 minutes with one of our tax leaders for $500. Since we hate it when people surprise us with unexpected invoices, we communicate the price of every engagement before we start, whether it is a monthly or annual engagement. We spend time, up front, to get to know the particulars of your situation, and then we draft a proposal for you to sign that includes our pricing BEFORE we start the work. Ensures compliance with data residency requirements in provinces like Ontario, Alberta, and BC. Firms often rely on cloud tools like PageLightPrime for scalability and cross-provincial billing.

• Our Ottawa bookkeeping services keep your financial records accurate, up-to-date, and compliant.
• Utilize our cloud-based bookkeeping solutions to access your financial data in real-time, empowering you to make informed decisions and address issues promptly.
• We provide a full range of bookkeeping services designed to meet the unique needs of your business.
• Running a law practice comes with its own set of challenges, and managing finances is one of the most important.
• Our team ensures that your financial statements and corporate tax return are based on a reliable and audit proof bookkeeping.

Regardless if you’re directly managing your firm’s accounting, it’s important to familiarize yourself with basic accounting terms and principles. A baseline understanding can make it easier to review reports and comprehend recommendations from your accounting team. Envolta provides law firms  with a knowledgeable account manager that can assist with the entire legal accounting process. Depending on your needs, our account managers can schedule training, and/or observe law firm practices to provide a seamless and easy process from end to end. Reconciling the owner’s compensation involves comparing the financial records of the law firm with the owner’s individual financial records. This process ensures that the payments made to owners align with the firm’s financial performance.

Technology is advancing aggressively, therefore most legal bookkeeping software are switching over to cloud or subscription-based software. Which means there are new functions that require a specific skill set. Law firms are currently starting to feel the significant changes in technology which has resulted in a strong demand for bookkeepers with advanced skill-sets. Properly organized bookkeeping for attorneys allows law firms to analyze their current financial performance indicators. This activity helps determine revenue levels, key expenditures, and the most profitable services.