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5 Trust Accounting Risks that Affect Your Bottom Line

Trust Accounting Risks

Trust accounting is not just about reconciling and regular reporting; the fact that client retainers can also be held in a trust account necessitates that both billing and accounting activities take place daily. When not handled properly, however, bridging that gap can be risky, particularly when a firm is earning funds from a trust. Inaccuracy […]

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Why Integrated Accounting Is Essential for Law Firms

Integrated Legal Accounting

Solo and small law firms are small businesses. Because of that, law office managers often think that they can survive by using the same solutions as other small businesses to manage their practice. This common misunderstanding can lead to headaches, disorganization, and even ethics violations for law firms. More so than in any other area, […]

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