Law Firm Bookkeeping

Stay in Compliance with BC Law Society

Law Firm Trust Bookkeeping Services |
Trust Audit Accountant Report C

Law Firm Bookkeeping and Trust Audits

Law Firm  Bookkeeping – CNC is a Coquitlam based CPA accounting firm that provides trust audits, trust accounting & bookkeeping, partnership returns, and corporate income tax return services to lawyers. We provide weekly and monthly remote bookkeeping and accounting services across BC according to BC Society guidelines. 

You’re always looking out for others, but who’s looking out for your best interests? Here at CNC, we aid in helping professionals build up their practice from a start-up to a successful business, enabling you to meet your goals. We will work together to create customized strategies in various fields, such as tax planning, fraud prevention, and practice transition, to address specific challenges and needs. With so much on your plate, you deserve to have someone who has in-depth knowledge of your business and career, with the same commitment to achieving success as you.

STAY IN COMPLIANCE
Your virtual accounting team.

We will produce the monthly reporting package required by BC Law Society. Don’t let non-compliance reporting affect your law practice.

We will take care of the bookkeeping work so that your firm can focus on what matters – helping clients.

GETTING STARTED IS EASY

Offer Remote Bookkeeping Services Using PCLaw, Clio, CosmoLex, and QBO to Law Firms Across BC.

Our Law Firm Bookkeeping 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 Partnership Returns

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.

What People Say?

Google Review
5/5
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!!
Google Review
5/5
I have worked with Nafees and his great team for over five years now, They are detail oriented, responsive and professional. I will continue working with them in the future and wish them all the best.
Google Review
5/5
Many thanks to Nafees and his team for always being ready to help and staying on the top of all legislative and tax changes. Thank you guys for your professionalism and accuracy!