Full-time or Part-time Bookkeeper

You may hire either a full-time person or a freelance bookkeeper who attends your office as needed. Whether you hire a full-time or part-time bookkeeper depends on a number of factors, including:
  • the number of financial transactions that occur each month,
  • the timelines in which financial transactions must be entered to be in compliance with the Rules;
  • the size of your practice; and
  • the type of law that you practise.
For example, a small law firm of three lawyers that deals with a high volume of transactions such as a conveyancing practice would probably best be served by a full-time bookkeeper to keep on top of all the trust transactions. If your practice is involved only in low-volume corporate work, a part-time bookkeeper may adequately meet your needs.