The Cashroom

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.

OUR BACKGROUND

The Cashroom was founded in 2008 In Scotland. Ten years on we have over 70 employees between our Skelmersdale and Livingston offices.

2 of the company directors were previously partners within legal firms, which means we have a true understanding of the needs of a business and its leaders. The Cashroom provides a specialist accounting service to the legal profession, comprising an outsourced legal cashiering service, and an outsourced management accounting service. We do this for 150 clients in the UK. Our cashiering service is delivered remotely by teams of qualified cashiers.

We use each law firm’s own practice management system (there is no need to change system), logging on remotely to run their accounts as if we were in the room next door.

Our Services

  • Legal Cashiering

    The Cashroom provides all the legal cashier services typically provided to a firm of solicitors.

  • Management Accounts

    All the information you need to run your business. Budgets, cash flow projections and monthly management accounts.

  • Payroll

    We deliver all aspects of payroll, including all statutory payments, student loans, pensions,  and any other payments and deductions. We also administer  ‘auto-enrolment’ / workplace Pensions.

We operate a business which requires efficiency and certainty of service. The Cashroom has augmented our own internal accounts team, taking control of key elements and working closely to provide a seamless service to us. We have found them to be extremely professional and helpful, at a cost which has achieved significant savings as against an in-house approach.”

Andrew KwanSolicitor-Advocate at Clear Law Solicitors

Outsourcing to The Cashroom has been painless. So easy to deal with accommodating everything that we need to do, when we need to do it, whilst keeping us on the right side of the vast array of regulations. We have complete trust in them to ensure our compliance and have a Law Society Inspection Report which proves what a great job they are doing for us. We will never have a cashier in our office again.”

Kate AndersonDirector, Masson Cairns

“The Cashroom offer an invaluable service for any solicitor’s firm. Their approach is efficient, professional and responsive. They have allowed us to deal with rapid growth by taking on all accounts functionality. The staff at The Cashroom are highly skilled and can deal with all aspects of SAR. They are competitively priced relative to an in-house solution and have been a pleasure to deal with from the start.”

Alexis BrasseyManaging Partner and Notary Public, Cavendish Legal Group

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