All firms are now subject to SRA inspection visits. Many firms will pass with flying colours, but an unlucky few may now discover that all is not well in their accounts department. The consequence may be misappropriation of client money, bank reconciliations with unusual reconciling items, files long finished with balances in client and office. A firm’s continued existence may depend on sorting matters out.

Similar issues arise where there has been defalcation (fraud or theft) by staff, or a partner has behaved in an unprofessional manner.

Demonstrating the ability and the will to put matters right is generally what is needed. TLAM can sort out the most tangled web of finance, using your own staff where that is appropriate.

If your business does not focus enough time on the basics and regularly review your firms performance you will find that in the daily current economic climate your firm could become very exposed. We can review the recent financial performance and trends in your business. Revise your budgets, Aged Bills and Aged disbursements. Credit control procedures and a full review of your expenditure can be undertaken.

If your business has the right financial resources to develop and become more profitable it will help to set your firm apart from the others within your area. Financial information is the key to responding quickly and effectively in the event of a down turn.