Cashroom

http://www.thecashroom.co.uk/

The Cashroom Logo

 

 

 

The Cashroom Ltd exists to deal with the day to day administration of a law firm’s finance function, ensure compliance with the Solicitor’s Accounts Rules, and provide firms with management information and Management Accounts. We provide the time and the information allowing solicitors to focus on their business.

The Cashroom provides a specialist accounting service to the legal profession, comprising an outsourced legal cashiering service, and an outsourced management accounting service. We now do this for almost 150 clients in the UK. Our legal cashiering service is delivered remotely by a team of qualified cashiers, working in our offices. We use our client’s own practice management system (there is no need to change system), logging on remotely to run their cash room, as if we were in the room next door.

We also provide an outsource management accounting service delivering management accounts and management information to law firms quickly and economically, often to firms who could not afford to employ a full time accountant. More importantly, we work with clients to analyse that information, helping them understand their firm’s finances more clearly.

Lawyers are not accountants and employing, supervising and managing a cash room, was a worrying prospect for many solicitors. Our Legal Cashiering Service takes away that worry, running and managing a firm’s cash room, on an outsourced basis, and ensuring compliance with the Accounts Rules.

And we usually do it for around two thirds the cost of running an accounts function in house.

Few small to medium sized firms produce the management information they need to run their business effectively. Few produce monthly Management Accounts, few have annual budgets, and fewer still track performance against budget on a monthly basis.

Our Accountants combine “best practice” from a number of firms to create a finance function, which produces Management Accounts and management information quickly and efficiently. The Cashroom produces annual budgets, monthly management accounts, monthly management information and cash flow projections. More importantly, our Accountants spend time with our clients making sure they understand the information, and what it tells them about their business.

And, again, we do it for a fraction of the cost of employing a Finance Director.

We also run a full outsourced payroll including auto-enrolment services for firms of all sizes.

Key Contacts:

If you are regulated within the English and Welsh market then please contact:

Alex Holt
T: 07817 420 466
E:  [email protected]

English Office
The Cashroom, West Lancashire Investment Centre, White Moss Business Park, Maple View, Skelmersdale , Lancashire, WN8 9TG
Tel: 01695 550 950

If you are regulated by the Law Society of Scotland, please contact:

Gregor Angus
T: 07875 598 593
E: [email protected]

Scottish Office, Livingston
The Cashroom, Craglea House, 7 Quarrywood Court, Livingston Village, Livingston, West Lothian. EH54 6AX
Tel: 01506 401 270

Firms & People Technology

Cashroom’s latest integrations offer seamless financial support for law firms

The leading outsourced legal accounting, cashiering and compliance expert has partnered with four popular practice management systems (PMS) to offer seamless legal accounting support for firms across the UK. Cashroom has announced new integrations with Clio, Denovo, Klyant, and coming very soon LEAP, which are some of the country’s most intelligent legal technology systems helping […]Read More

Environment Insight Organisations

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This month we opened our offices up to staff, but with no compulsion that they return. Essentially our policy is “work where you want to”. Even with reduced capacity due to social distancing, we have only seen around 20% occupancy, with most staff choosing to stay at home. It’s too soon to tell but I […]Read More

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Conveyancing

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The Cashroom in 63 seconds…

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“5 Years of Innovation in the next 18 months” –

In this last part of the series, I’m going to talk a little about the Cashroom, what we’re  doing to change things up and innovate in the post COVID environment. First, a quick recap on where we are, and how the lockdown affected us. We decided to “lockdown” about a week before the official announcement. […]Read More

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“5 Years of Innovation in the next 18 months” –

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Firms & People

The Cashroom Ltd Acquires Kanbaro Ltd

The Cashroom Ltd has acquired Kanbaro Ltd, effective 17th June 2020. Kanbaro Ltd developed and maintain The Cashroom Ltd Portal. The Portal securely and efficiently deals with client communication, task management and increasingly the automation of many of our processes. The portal is a modern web application, suitable for use on desktop and laptop browsers […]Read More

Insight

“5 Years of Innovation in the next 18 months” –

This quote has been rattling around in my head for a few weeks. In the article I read, it was attributed to a production line manager in a Chinese manufacturing plant, working out how she would return her plant to full operation, post COVID. She was contemplating robotics, split shifts, worker segregation, and a myriad […]Read More

Conveyancing

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