STAY IN COMPLIANCE
Your virtual accounting team.
GETTING STARTED IS EASY
Offer Remote Services Only Using PCLaw and QuickBooks
Bookkeeping and Accounting Services to Law Firms Across BC.
Law Firm Bookkeeping
Law Firm Accounting Services
Trust Audit | Law Society Compliance
GET PROFESSIONAL HELP | CPA
Law Firm Bookkeeping Services
Need Report C Required by Law Society
Law Firm Bookkeeping, Trust Audit and Tax Return Serices
Law Firm Bookkeeping – CNC is a Coquitlam based CPA firm provides trust audits, trust bookkeeping and income tax return services to lawyers. We provide, weekly, monthly, quarterly and annual law firm bookkeeping and accounting services according to your needs. Serving from sole practitioner to multiple lawyers firms from lower mainland to Smithers BC. Our services are limited to virtual (remote) only and not client in-house.
We are equipped with the modern cloud based technology. Distance is a thing of the past. With video meetings on demand, cloud document management system, and instant messaging system, we are your virtual accounting department in your office. We will prepare the reporting package required by BC Law Society to stay you in compliance, a complete peace of mind. We also offer customized financial reports for your special needs so you can make a timely sound business decision.
As we performed a number of law firms audits, we know what BC Law Society requires to have a clean set of accounting books. Unlike other accounting and bookkeeping firms, our knowledgeable and professional bookkeeping staff is supervised directly by Chartered Professional Accountants. They are also actively involved in the routine accounting and bookkeeping services process. It means your reports are accurate and timely to make a well informed critical business decision and stay in compliance with the BC Law Society.
STAY IN COMPLIANCE
Our Services
Bookkeeping
We provide weekly bookkeeping services to law firms to meet BC Law society rules under section 3-72(1)(a), i.e., A lawyer must record each trust or general transaction promptly, and in any event not more than (a) 7 days after a trust transaction, or (b) 30 days after a general transaction. We support both PC Law and QuickBooks to maintain accounting books.
Trust & Client Ledgers Reconciliation
We will maintain all trust and clients’ ledgers to meet BC Law Society rules as described in sections 3-73(1) & (2). We will prepare a detailed ledger of trust liabilities and client ledgers and will reconcile them. This is one of the most reportable exceptions noted by BC Law Society in the trust audit every year.
Accounts Payable (AP)
By maintaining an AP ledger, you will be in control of your disbursements and expenses. An AP report will help you to recover your disbursement, such as BC Online, LTSA, and Dye & Durham expenses, etc.
Accounting Books Setup
If you are a new law firm, setting up the books is very critical to get a clear picture of your practice. We have a number of years of experience in setting up customized chart of accounts specifically designed for law firms.
Trust Audit
We are licenced and registered with BC Law Society to perform the Trust Audit and prepare an Accountant Report C.
Corporate Taxes and Tax Planning
We help law firms to take advantage of opportunities to minimize taxes and build wealth inside the corporation. Tax planning is an ongoing process. We take a holistic approach, unlike other accounting firms, we review and take into consideration both personal and business tax affairs to minimize taxes.
Types of Reporting
- Compilation Engagement (Notice to Reader) Financials
- Reviewed Financial Statements
- BC Law Society Audit Engagement
- Business Plans and Financial Projections
- CRA Audit Representation, Business & Personal
With Our Support
- Stay in compliance with BC Law Society
- Affordable, timely and accurate bookkeeping services
- Fixed fee rate to avoid surprises
- Customized Reports for your business
- Stay in compliance with Canada Revenue Agency
- Stay in compliance with Canada Revenue Agency
- We support PCLaw, Cosmolex, QuickBooks, Sage accounting, and many online cloud-based accounting packages provide bookkeeping support and training
What Our Clients Are Saying About Us
"Nafees and his professional team have provided me with a broad range of services to help manage my small business for the last ten years including recent support through the sale of the business to new owners. I found the quality of his services to have been excellent and it was always reassuring to have Nafees' providing advice and guidance, virtually as a partner with me, as the business grew. I continue to use his services for my personal financial matters."
Glenn Quarrington
Owner (Ex VP of BestBuy)
I am glad I found this accounting firm! The owner, Nafees Chaudhry is very knowledgeable, competent, efficient, friendly and overall, an excellent accountant. He handles both my personal and business taxes. He does a great job and is always on time providing his services and getting the work done. The bonus is that their services are reasonably priced too. They are always willing to help and available to answer your questions. I highly recommend Nafees Chaudhry and his accounting firm. They are the best, and I have dealt with others accountants, as such, I can truly say that Nafees Chaudhry is by far the best. They also do US taxes. Thumbs up!!
Georgina Velasquez
Gonzalez & Company (Lawyer)
Nafees has provided awesome accounting services to me for the last 5 years that include; bookkeeping accounting, payroll, and taxes. He has always been accessible and has the answers any questions I need answered regarding accounting for my business as it has grown. He has become a consistent asset that I know I can rely on.
Jeff Sakari
Owner (LandScaping)