At Papillon House, we use QuickBooks Online as our accounting software to help keep track of your law firm’s business accounting needs. This includes making sure your chart of accounts is portrayed in such a way that makes sense to you- after all, you are the one using it to grow, managing your transactions and delivering the financial reporting necessary to assist a legal practice in its organization and profit planning. This software allows us to keep better track of important data without requiring our clients to spend hours preparing and organizing documents. This bookkeeping software also allows us to separate your accounts for proper categorization, run financial reports on demand, and keep in contact with our clients at the click of a button. In addition, we also have a portal just for you. This shortens communication time, and keeps all the documents in one place for convenience and ease of operation. With it we are able to deliver financial packages to you on a monthly basis that show comparables so you can have even more data at your fingertips.
The Profit and Loss report, also known as an Income Statement, shows the revenue and expenses of your business over a particular period of time. Typically, these reports are produced monthly, quarterly and annually.
A Balance Sheet is a snapshot of your companies finances at any one point in time. This report is used for business planning.
A Cash Flow Statement is a record of the money (cash, electronic payments, etc.) entering and leaving your company. This can help you identify and budget particular categories of income and expenses.
When you work with us, you don’t have to wait a week to speak to someone about a problem or ask a question. We respond on the same day and work hard to get your issues resolved.
Understanding the function and scope of a law firm is tantamount to working with one. We already understand that the clients’ trust account has to balance every month and cannot be off by even a penny or the threat of disbarment is real. So, there will never be a dollar amount in the “reconciliation discrepancy” account like you might find in other bookkeeping companies. We understand that things like capturing court costs that can be billed back to the client are important as well and we start tracking those necessary costs from the very beginning.
At Papillon House what we really understand is time. We understand how heavy the workload is and that sometimes you just need a job done without all the hand holding. We understand the importance of peace of mind when it comes to the back end of making sure the business is running smoothly and without misstep. We get that while we may not talk to you every day or even every week, that doesn’t mean the job we are performing for you is without import. More importantly, you can trust us to continue in our job so that you don’t have to. We are dependable and reliable in our commitment to helping your firm grow and run smoothly.
Our bookkeeping services also include organizing and sending your records and reports to your Certified Public Accountant when tax season comes around. We can communicate and resolve any other needs the CPA may have for tax preparation, taking this responsibility and headache off of your plate. And if you don’t have a CPA- we have that covered as well. Our CPA is fully capable of handling all your tax accounting needs.
No matter how much you love your business there are always more things in life we want to be doing other than working. Whether its watching a sporting event and going on vacation, to spending time with family and kids, the hard truth of entrepreneurship is that you can’t do the things you love with the people you love, when you’re spending hours a week balancing your books and trying to run reports.
At Papillon Bookkeeping, we offer a way for you to gain back that valuable time that lets you get back to the things in life you’d rather be doing.
