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New businesses, especially entrepreneurs just starting out usually don’t have an accountant or bookkeeper. This aspect of running a business is one of the least pleasant, and putting it off can end up costing more than if one were hired or consulted from the beginning.
Whether you’re launching out to start a new practice on your own, or perhaps you’re a seasoned partner in a multi-lawyer firm; ensuring your bookkeeping is properly managed is fundamental to your practice. However, after spending countless hours studying law, most lawyers would rather not be burdened with the meticulous numbers driven aspects of recordkeeping – for some, this can bring about the feeling of a return to post-secondary studies, with accounting as their new major.