Job overview
Together with the other Client Accounting Assistants undertaking the more junior responsibilities and duties of the client accounting team, for example by taking responsibility of those practice groups with less complicated financials on their client matters.
Client accounting team responsibilities and duties
Management of all the financial transactions and balances on client matters (except for those which are the specific responsibility of the cashiering or credit control teams).
Time recording – Ensuring that time is being recorded on a timely and accurate basis, and making any necessary adjustments.
Disbursements – Management of the firm’s disbursement purchase ledger including ensuring that disbursement are recorded on an accurate and timely basis, and payments are made in accordance with the firm’s policies.
Billing – Ensuring that bills are generated on an accurate and timely basis, and fee earners are helped to maximum recovery rates.
Matter housekeeping – working with department / group heads and individual fee earners to ensure:
Work in progress and disbursements are billed on as timely a basis as possible.
Irrecoverable work in progress and disbursements are written off without undue delay.
Client balances are cleared as soon as possible and client money is not held after the reason for doing so has ceased.
Client matters are closed as soon as possible after they are finished.
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