What Is Legal Bookkeeping and Why Is It a Service Worth Outsourcing?
Legal bookkeeping is a service that includes recording and monitoring financial transactions while following specific laws and regulations. While legal professionals can handle bookkeeping services independently, it’s a time-consuming, tedious task that most don’t have time for because of their busy, hectic schedules. For that reason, they often look for a bookkeeping specialist who understands the legal requirements for financial reporting and tax compliance and can handle recording and monitoring their transactions.