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Job Description
-Maintain a proper record of the financial transactions related to a law cases.
-Ensure financial statements are prepared at regular intervals of time.
-Offer the Right Financial Advice.
-Create a database which can help in future business planning. They can offer vital advice on matters like revenue and expenditure trends. They can help in taking important decisions like hiring outsourcing services, taking loans etc. Any discrepancies and irregularities related to finances can be dealt with.
-Tax filing is one of the essential functions of a law firm. But it is certainly not the core function. Hiring professional accountants can help in making this process easily manageable. Tax preparation can prove to be extremely stressful, if not managed properly and could lead to penalties from the state tax department
Skills
-Adequate understanding of the Legal system
-Good understanding of financial legal issues
Education
Accounting or related field