SRA Accounts Rules - COVID-19 Update
In the midst of the Coronavirus pandemic, Law firms are facing a number of practical issues around how they can continue to conduct business and comply with their obligations under the SRA Accounts Rules. Whilst the SRA recognises that these are exceptional circumstances and are likely to take a pragmatic and proportionate approach to enforcement, they continue to expect full compliance with the rules and Principles.
We have complied a list of common issues and questions we are advising clients on, with some practical solutions to help you at this time.
How can we help?
We have experienced legal bookkeepers who can assist remotely either in the short term or longer term to enable you as a firm to comply with the SRA accounts rules. We have experience in a number of systems such as Insight Legal, LEAP, Proclaim and Quill.
Service we provide include:
- Posting of transactions
- Client and office bank reconciliations
- Management accounts which can be tailored to suit your needs