Outsourced Legal Cashiering
Outsourced Legal Cashiering overview
Being the specialist service that Ascentant provide, Outsourced Legal Cashiering is the hub.
Ensuring Compliance with the Solicitors Accounts Rules is essential for any Legal Practice and Ascentant are experts in SAR Compliance with a team of Institute of Legal Finance & Management (ILFM) Cashiers, available to assist with day to day transactions and compliance.
Our Legal Cashiering teams work remotely following consultation with our IT Officer, to gain access to your Practice Management Software to be able to process transactions on your behalf. This is explored further in the guide under “IT Framework”.
Level of Outsourcing
We are able to work in different ways with different Legal Practices to suit your needs. As standard, we are able to monitor your bank account, process receipts, process payments, record items to your practice management software and undertake client billing, credit control and basic bookkeeping to ensure compliance with the Solicitors Accounts Rules.
Depending on the level of Outsourcing agreed, we can also arrange supplier payments, client account transfers and payments. We operate under strict guidelines whereby we are not able to approve or authorise payments online – Maintaining security whereby the Partner or designated Client authority has full control.
We have a portal for document submission, documents can be scanned or emailed to us for processing in addition to setting up shared workspaces where documents can be deposited for processing by our Legal Cashiers. Examples of this include Google Drive, ShareDrive, Dropbox or simply a desktop folder on a remote machine.