Precision Bookkeeping for Legal Professionals

Streamline Your Law Firm's Finances

Bookkept offers specialised bookkeeping services for lawyers and law firms in Melbourne. Our expert team understands the unique financial intricacies of legal practices, helping you manage trust accounts, track billable hours, and ensure compliance.

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★★★★★ Rated 5/5 | Based on 89+ Happy Clients
comprehensive financial support for melbourne lawyers

Legal-Specific Financial Management Melbourne, Victoria

Law firms face distinct financial challenges. Our tailored services address these issues, ensuring your books are accurate and your practice is set for growth.

Mastering Trust Account Management

Trust account compliance is critical for legal practices. Bookkept assists by:

  • Maintaining separate trust ledgers
  • Reconciling trust accounts regularly
  • Ensuring proper fund allocation
  • Preparing trust account audits
  • Adhering to regulatory requirements

Our meticulous approach helps you maintain the highest standards of trust account management, protecting your clients and your practice.

expert bookkeeping services for legal practices
financial solutions for legal professionals by bookkept

Billable Hour Tracking and Invoicing

Accurate time tracking is crucial for law firm profitability. We help you:

We implement robust systems to track billable hours across different matters and clients. This ensures every billable minute is captured and properly allocated.

Our team assists in creating clear, detailed invoices that reflect your work accurately. We help streamline the billing process to improve cash flow and client satisfaction.

We provide regular reports on billable hours, helping you understand staff productivity and profitability across different practice areas.

Plans to suit your business accounting & bookkeeping needs

We don’t believe in a cookie cutter approach when it comes to billing.Our clients prefer certainty so we tailor a monthly package with defined accounting services and agree upfront. Here are some examples of what we do for our clients –

Chris - The Contractor

$220 / Per Month
See Inclusions

Emma - The Cafe Owner

$440 / Per Month
See Inclusions

Mick - The Well-Established Firm

$660 / Per Month
See Inclusions

Navigating Complex Tax Landscapes

Law firms often face intricate tax situations. Bookkept ensures compliance while maximising benefits:

We handle GST calculations, payroll tax, and BAS preparation. Our expertise in legal industry-specific deductions helps you optimise your tax position effectively.

We stay updated on tax laws relevant to legal practices, ensuring you benefit from all available incentives and credits.

Our proactive approach helps you plan for tax obligations, preventing unexpected liabilities and ensuring smooth cash flow management.

specialized bookkeeping for melbourne law firms

What our clients are saying

Bookkept - Tax Agent & Accountants
Bookkept - Tax Agent & Accountants
5.0
Abdullah Al Ahmed
Abdullah Al Ahmed
05:14 25 Jun 24
I have been using Daniel & Bookkept Team for my personal & Business Tax purpose.They have been nothing but professional so far. And having them by our has been great so far.
Jayoun Lee (Youna)
Jayoun Lee (Youna)
04:09 19 Jun 24
Dan explained made my tax so easily, I couldn’t believe that after coming from H&R Block that this is what all those words mean! If I could tell everyone to come here I would!
Fernanda Martinez
Fernanda Martinez
00:07 29 Aug 22
Daniel is been always a pleasure to work with, always responsive and with a super fast turn around, see you next year Dan!
Molly Hickling
Molly Hickling
08:09 18 Aug 22
Brendan is absolutely incredible! He sorts out my mess of bookkeeping so fast, and I barely have to worry about anything! Tax time is so stress free, so grateful for such an amazing accountant!
Madden Lay
Madden Lay
01:16 15 Aug 22
Dan is beyond fantastic!This is now our third financial year with Bookkept and our first year as business owners.As we are newly self employed we have questions for him just about every week and he is extremely helpful and patient.Dan provides detailed explanations which help us understand the rationale behind accounting processes and ATO policy and allow us to make more informed financial decisions for our business and personal investments.Running an analytics company we are very focused on numbers and Dan understand this. He continues to provide us with suggestions to optimise our tax structures and always provides logical explanations and mathematical breakdowns to support his recommendations.As the financial year has progressed our business and income structure has unexpectedly grown more complex and Bookkept has continued to support this.I can't recommend Dan and Bookkept enough!
Jared
Jared
06:14 18 Jul 22
Have used Bookkept's services for the last 3 years, always efficient, quick, and easy to work with. Will continue to use during tax time.Highly recommend.
Bridget Mary Gallagher
Bridget Mary Gallagher
03:25 03 Dec 21
Daniel was professional in the handling of my tax returns, very quick and efficient and I will definitely be using his services again in the future. Thanks Daniel
Antony Meatchem
Antony Meatchem
02:42 12 Oct 21
Very happy with these guys! Very friendly, professional, quick to respond and happy to give advise and help. Would definitely recommend
Rowena Layzell
Rowena Layzell
12:27 05 Sep 21
Brendan was incredibly supportive and helpful in dealing with my complex tax challenges. He made the process simple, painless and quick. He also provided excellent guidance and tools to navigate the process of setting up a new business. Highly recommend him.
Lien
Lien
03:01 13 Aug 21
Brendan was very easy to communicate with and professional when working on my small business tax return, he made a tedious task a lot less stressful in my opinion. Although I took a very long time organising my end of things he never once hassled me or pressured me to hurry things along. Brendan was very patient and understanding! When it came time to submit my tax return he was very informative and answered all my questions in a way I was able to easily understand everything that was being processed. Brendan was always prompt in his response time and I'm very happy with his level of service. Will be using Bookkept moving forward for all tax lodgements and referring him to others where I can.
julie zulueta
julie zulueta
01:51 21 Jul 21
We are so relieved to have found a great accountant. Daniel has been responsive, professional and proactive. Highly recommend the Bookkept team for both business and personal accounting.
Carly Hughes
Carly Hughes
03:07 03 Jun 21
It has been an absolute breeze working with Daniel. I was looking for an accountant that could support me with my small nutrition business. I often get confused with accounting terms e.g. GST, but Daniel takes the time to explain in simple language, so I thoroughly understand and have peace of mind.To have an accountant that works with other health professionals is an added bonus, he is confident and experienced in how healthcare sales differ from general sales in other businesses, and he is familiar with operating our healthcare software. He has made suggestions to how we can run our software more efficiently, which I didn't expect from an accountant - but has happily reduced my workload.Prior to Daniel, I have had trouble getting a hold of Accountants, waiting weeks for replies to emails. Daniel is always available for a phone call and replies to my emails very quickly.As I am a small business, I was concerned about the cost to have a book keeper and accountant involved on regular basis, but I am pleasantly surprised - and having Daniel on board is has reduced staff admin wages. So its a win win for me.Thanks for your continued help and support.
Miss Poppins
Miss Poppins
07:54 07 Dec 20
Daniel is an incredible accountant who goes above & beyond to make sure my bookkeeping is in order & that I understand what I'm doing to keep my business books in order. Cannot recommend enough. Thank you Daniel!
James Crompton
James Crompton
04:57 11 Sep 20
I’ve been absolutely delighted with Daniel’s proactive service, his comprehensive know-how and his personal touch. Would absolutely recommend to any small business owner just making a start in the business world, he’s gone over and above several times for me.
Katie Turner
Katie Turner
06:42 28 Aug 20
I went to Daniel for a return with investments & rental questions, and left with advice & a nice tax refund. Would highly recommended.
Nazaret Montes
Nazaret Montes
18:40 30 Jul 20
I have working holiday visa , I started to do by myself and I had to pay, then I contact them , and they fix my tax from last year + this one and I got money back.They help you with everything.Daniel 👌🏽
Rmin Bm
Rmin Bm
02:28 28 Jul 20
Bookkept are professional, competent, friendly and caring tax agents. they make the process of tax assessments easy and relaxed. I would recommend them to anyone.
Hamish Gleeson
Hamish Gleeson
21:07 27 Dec 19
I was processing the payroll in my business manually and BAS time was a nightmare.Brendan setup Xero and we are now reporting through single touch payroll. Handing over the administration of my business to Bookkept is one of the best decisions I’ve made.I wish I had of called sooner
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FAQ About Our Service

How does Bookkept ensure trust account compliance?

We implement rigorous systems for trust account management, including regular reconciliations and audits. Our team stays updated on all regulatory requirements to ensure your practice remains compliant.

 

Can you handle bookkeeping for different practice areas within a law firm?

Yes, our systems are designed to manage multiple practice areas. We can provide detailed financial reports for each area, helping you understand profitability across your firm.

 

How do you manage work-in-progress (WIP) for legal matters?

We set up specific tracking for WIP, ensuring all unbilled work is accurately recorded. This helps with cash flow forecasting and ensures all billable work is eventually invoiced.

 

What legal practice-specific reports can Bookkept provide?

We offer reports tailored for law firms, including billable hour analysis, trust account statements, practice area profitability, and cash flow forecasts. These insights help you make informed decisions about your practice.

 

How can Bookkept help with partner compensation structures?

We can assist in setting up and managing various partner compensation models. Our reports provide clear insights into individual and practice area performance, supporting fair and transparent compensation decisions.

Get In Touch Today

Get in touch by filling out the form below or simply call (03) 8568 3506!

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