Lawyers &
Law Firms
Your focus is on your clients, cases, and billable hours. Managing trust
accounts, financial reporting, and compliance requirements can quickly
become complex and time-consuming. We provide accurate, efficient,
and cost-effective virtual bookkeeping, along with CPA and ERP consulting,
so you can stay compliant, organized, and focused on your practice.
Do You Find Yourself
Dealing with Complex and Unique Accounting Requirements
Struggling to Track Billable vs Non-Billable Time
Unsure How to Improve Profitability per Matter or Client
Managing Trust Accounts and Compliance Requirements
Spending Too Much Time on Financial Administration
Lacking Clear Visibility into Your Firm’s Financial Performance
Virtual Bookkeeping
Accurate Financials and Trust Accounting Support
Law firms have unique accounting requirements, including trust accounts and detailed financial tracking. Accuracy is critical to maintaining compliance and protecting your practice.
Our virtual bookkeeping services give you clear, up-to-date financial records, accessible anywhere with internet.
What you get:
Accurate, up-to-date financial records
Trust accounting support and tracking
Tracking of billable and non-billable time
Accounts receivable and client billing tracking
Expense tracking and categorization
Bank and trust account reconciliations
Monthly financial statements (P&L, Balance Sheet)
Cash flow visibility and reporting
You stay compliant and in control without adding administrative burden.
CPA & TAX Services
Stay Compliant and Optimize Your Firm’s Finances
Law firms must meet strict regulatory and tax requirements. Without proper structure and planning, it’s easy to miss opportunities or fall out of compliance.
We help you stay compliant while improving financial performance.
We support you with:
CRA compliance and tax filings
Partnership and corporate tax returns
Trust account compliance guidance
Expense tracking and optimization
Financial reporting and insights
Profitability analysis based on billable hours
We help you understand your numbers and improve how your firm operates financially
ERP & Systems Consulting
Improve Efficiency and Financial Visibility
Managing billing, time tracking, and financial reporting across different systems can create inefficiencies.
We help you implement systems that streamline your operations and improve visibility.
Our ERP & business consulting includes:
Integration of billing, time tracking, and accounting systems
Workflow automation and process improvement
Financial dashboards and reporting
System setup tailored to your firm
Performance tracking based on billable metrics
With the right systems, you reduce manual work and improve efficiency across your firm.
Accounting & Financial Support for Lawyers & Law Firms Across Canada
We work with law firms that need more than basic bookkeeping. Our focus is helping you stay compliant, manage trust accounting, and build systems that support efficient and profitable operations.
What Our Clients Say
Highly Specialized Team
Our highly specialized team understands the unique requirements of law firms. We design financial systems that are simple, efficient, and tailored to your practice, giving you clarity and control while maintaining compliance
FAQs from Your Trusted Virtual Bookkeeping & Accounting
Partner for Lawyers & Law Firms in Canada
What accounting services do law firms need in Canada?
Law firms require specialized accounting services including bookkeeping, trust accounting, tax compliance, payroll, and financial reporting. These services ensure accurate tracking of client funds, billable hours, and overall firm performance while meeting regulatory requirements.
What is trust accounting for law firms?
Trust accounting involves managing client funds held in trust separately from operating accounts. Law firms must follow strict regulations to ensure these funds are tracked accurately and reconciled regularly to remain compliant.
What is bookkeeping for law firms?
Bookkeeping for law firms includes tracking billable and non-billable time, recording expenses, managing client invoices, and reconciling operating and trust accounts. It ensures financial records are accurate and organized.
What is virtual bookkeeping for lawyers?
Virtual bookkeeping uses cloud-based systems to manage financial data in real time. Lawyers can access their financials anytime, improving visibility while reducing administrative workload.
How do law firms track billable vs non-billable hours?
Law firms use time-tracking and billing systems integrated with accounting software to monitor billable and non-billable hours. This helps measure productivity and improve profitability.
Do law firms need to register for GST or HST in Canada?
Yes, most law firms must register for GST or HST and charge it on legal services. Proper reporting ensures compliance with CRA requirements.
What are partnership returns for law firms?
Many law firms operate as partnerships and must file partnership returns in addition to individual partner tax filings. Proper accounting ensures accurate allocation of income and compliance with tax regulations.
How can law firms improve profitability?
Improving profitability involves tracking billable hours, managing expenses, optimizing pricing, and reviewing financial reports regularly. Clear financial data helps identify inefficiencies and increase margins.
How often should law firms update their books?
Law firms should update their books regularly, ideally weekly or in real time. This ensures accurate financial records and helps maintain compliance with trust accounting regulations.
Can ERP and systems consulting help law firms?
Yes. ERP systems can integrate time tracking, billing, trust accounting, and financial reporting into one platform, improving efficiency and providing better visibility into firm performance.
Should law firms outsource bookkeeping and accounting?
Outsourcing helps ensure accuracy, compliance, and efficiency while reducing administrative workload. It also gives law firms access to expert financial advice and systems.
How can BAGE help law firms in Canada?
BAGE provides virtual bookkeeping, CPA services, and ERP consulting to help law firms stay compliant, manage trust accounting, track billable performance, and build systems that support efficient and profitable operations.