Accounting

LBM provides the support, objectivity, and expertise law firms and businesses need to achieve their goals. We offer a broad spectrum of accounting, financial, and consulting services to give legal offices and enterprises the financial insight they need to increase their revenue.

Our team consists of customer-focused professionals who provide personal attention to your business. We work as an extension of your law firm or business and not just an outsourced service as other accounting firms.

With the ongoing innovations and the cloud including improved efficiency internally and streamlined communication - but by far the biggest benefit is the enhancement to being able to work remotely saving firms costs and time.

Our services include:

Reconciliations

Having a certified bookkeeper to handle your bank accounts is what you will get at LBM. We understand what it means for you to have a clear view of your law firm's cash. Our reconciliation services include:

● Client Ledger and Bank Reconciliations
● Daily and monthly reconciliation of client and office
● Setting up payments
● Paying third-parties as money comes in

At LBM, we will account for all money movement to satisfy your SRA Accounts Rules, CLC Accounts Code, or Scottish Accounts Rules Obligations.

Reporting and Month Ends

COFA compliant reporting & Management Accountants

Our accounting services include:
● Accounting
● Month Ends
● Vat Returns
● Tax Returns
● Payroll
● Purchase Ledger

Billing

LBM will save you time, reduce overheads, and improved accuracy by taking charge of your current account plan, including:

● Private Billing
● Billing cycle
● Next billing dates
● Posting bills
● Monitoring wip for billing
● COFA Reporting
● Detecting potential or actual breaches

Credit Control

It is a vital part of our job to help you reduce bad debts and improve the cash flow in your business.

Our credit control services include:

● Credit Control
● Monitoring both third parties invoices and client invoices
● Contacting clients for payments of outstanding balances
● Arranging payment agreements

Here at LBM, we know that accounting and finance management is not just about recording transactions is about helping you implement a better strategy to move towards growth and profits.

Link App

All our clients are set up on link app. Your billing stages at the palm of your hands. A powerful platform that keeps our clients instantly informed and real time updates. Fee earners can follow their case against a visual tracking tool, plus sign and instantly send documents to your case handlers at LBM.

Accounting

Receipt Bank

Say goodbye to storing paperwork and emailing daily paperwork to us.

Snap it
Use your phone to snap and extract all the important data, and then scrap the physical copy. Simple and paperless!

Send it
Upload bills, receipts, invoices and bank statements on-the-go from your phone, laptop or email account, before connect your accounting software via our seamless integration.

Frequently Asked Questions