Rick Kabra

Client Costs & Managing Accounts Payable: Why Quickbooks Won’t Cut It

May 31, 2017 / by Rick Kabra / Law Firm Accounting

Quickbooks is a great accounting tool for any general business but if you work for a law firm, then it is missing many of the key factors you need! Recording client costs properly requires a legal-specific chart of accounts that many general business accounting programs do not include. Generally, there are three types of Accounts […]

Capturing All Your Time and Expenses

May 24, 2017 / by Rick Kabra / Legal Billing

For many small law firms and law firms just starting out, limited resources are a major hurdle that needs to be cleared. Most often, carrying out administrative tasks is the most affected area of a practice. Think about it, most small and new firms have the legal expertise in place to be successful, that’s why […]

Trust Accounting: The Challenges of Compliance

May 3, 2017 / by Rick Kabra / Attorney Trust Accounting

There aren’t too many attorneys out there who enjoy trust accounting. Come to think of it, outside of accountants you’d be hard pressed to find anyone who genuinely enjoys any type of accounting. Most attorneys certainly are not accountants, so they naturally aren’t trust accounting experts. Unfortunately, many accountants aren’t aware of the legal-specific regulations […]

Trust Fund Accounting Compliance: Find Out If Your Firm Is At Risk

April 26, 2017 / by Rick Kabra / Attorney Trust Accounting

Lawyers and attorneys everywhere know what Trust Accounting can mean to their firm and livelihood. It isn’t the most exciting part of practicing law, but that doesn’t mean that it is a minor aspect of managing a practice either. Appropriately managing and maintaining client trust accounts can be the difference between a thriving practice and […]

Third Party Lien Claims for Attorneys

April 20, 2017 / by Rick Kabra / Law Firm Accounting

In many situations, part of being an attorney is being the fiduciary for your clients. This means you are responsible for making sure that all financial activity concerning the case being worked on is handled appropriately. In personal injury cases, workers compensation cases, family law, and bankruptcy cases, among others, it is common to have […]