jurisINK™ accounting & Bookkeeping services
Are you doing your own bookkeeping, serving as your law firm’s Chief Financial Officer, or using an inexperienced legal secretary or assistant to handle your firm’s finances? If so, consider using jurisINK™. Outsourced Financial Services offered through jurisINK™ is much more than a virtual bookkeeper. Think of jurisINK™ as your Accounting Department equipped with a Chief Financial Officer and Bookkeeping Professional all-in-one at a flat fee per month based on the average monthly volume of transactions. Our core services include:
System Creation and Implementation – Yes, that’s right. JurisINK™ gives you a tried-and-true accounting system to organize, operate, manage and monitor your law firm’s accounting and, in particular, that pesky IOLTA account.
Nuts & Bolts Execution – This is where your Virtual Bookkeeper comes into the fold. Your dedicated Bookkeeping Professional will handle your periodic bookkeeping and accounting needs throughout the month on a schedule agreed to by you and us.
Financial Management and Reporting – Now, your virtual CFO enters the picture. In this step, you will work with our team to develop an annual budget and different financial management objectives, goals and strategies. Then, you will receive monthly financial statements along with the recommendations and opinions of Laura L. Volpini on the financial affairs of your law firm based on the law firm’s budget and financial/business goals.
Tax Information Preparation – We are not accountants, so we do not prepare your tax returns. However, jurisINK™ prepares all the financial information required by your accountant in order to prepare and complete your tax returns.
Our Outsourced Financial Services are designed to provide you with a highly-efficient accounting system which allows you (as a lawyer) to minimize the amount of time you spend on non-value added accounting tasks while maximizing the amount of time you spend performing the value-added, revenue-generating tasks of practicing law and developing business. The integrity, consistency, and reliability of our services will make you regret not hiring us sooner.
In the end, jurisINK™ operates as an extension of your law firm. It is a collaborative partnership. We are thrilled at the opportunity to join your team and take your law firm to the next level.
STEPS IN THE JURISINK™ accounting PROCESS
STEP 1: DISCOVERY, GOAL SETTING & STRATEGY
STEP 2: SYSTEM IMPLEMENTATION
STEP 3: ACCOUNTS PAYABLE
STEP 4: ACCOUNTS RECEIVABLE
STEP 5: BANKING AND RECONCILIATION
STEP 6: FINANCIAL REPORTING AND BUDGETING
STEP 7: TAX INFORMATION PREPARATION
INITIAL FEE (varies depending on existing accounting system)
Average 100-150 monthly transactions
8-10 hours per month of Dedicated Virtual Bookkeeper services
1-2 hours per month of CFO services
Average 151-200 monthly transactions
11-14 hours per month of Dedicated Virtual Bookkeeper services
2-3 hours per month of CFO services
Average 201-250 monthly transactions
15-17 hours per month of Dedicated Virtual Bookkeeper services
3-4 hours per month of CFO services
Average 251-300 monthly transactions
18-20 hours per month of Dedicated Virtual Bookkeeper services
4-5 hours per month of CFO services
If you would like additional information about our accounting & bookkeeping services or would like to talk with one of our team members, please complete and submit the “Request A Quote” form below or call us at 216-367-5677.
REQUEST A QUOTE
DISCLAIMER: jurisINK™ is not a CPA firm nor do we provide any tax planning or advice.