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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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Staying Competitive in 2018: Why The Cloud Matters

Blog - Legal Cloud Software in 2018

Recently, we discussed What to Look Out for When Moving Your Practice to the Cloud, and focused on the full migration picture to prepare firms with an understanding of what to expect once they decide to make the switch from one practice management application to another. However, it’s important also to consider how a company […]

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Five Legal Accounting Resolutions for the New Year

5 resolutions - Legal Accounting in 2018

What did you resolve to do in the New Year? From saving money to losing weight, many of us vow to make improvements to our personal lives, and it’s important to consider how we might better ourselves professionally as well. Especially if you run a law firm, it is critical to not only take a […]

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