Using Legal Accounting Software to Increase Financial Security

Blog Financial Security

  As lawyers, you have an ethical obligation to secure your clients’ confidential documents, data and financial information. Being entrusted with highly sensitive information should never be taken lightly. Today, financial security goes beyond having locks on the doors and filing cabinets. The potential for loss permeates your law practice from end-to-end. From billing leakage […]

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Tech Tip #110-Avoid Errors, Use A Legal-Specific Accounting Solution

Tech Tip Legal-Specific Accounting

Avoid having to enter the same information into a separate law practice management software and an accounting software. The resulting errors would be costly and can lead to severe consequences. This is why using legal-specific accounting software that integrates practice management and billing systems into one solution is the most efficient technology you can use to […]

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Tech Tip #108-Lawyers Aren’t Accountants & Accountants Aren’t Lawyers

Tech Tip Legal Accountant

General accountants aren’t familiar with all of the unique challenges and regulations a law firm faces. Lawyers shouldn’t have to master accounting on top of their own specialty. General business accounting software was made with bookkeeping in mind but doesn’t stand up to the unique needs of legal accounting. Use an accounting software built for lawyers, […]

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Tech Tip #106-Monthly Account Reconciliation Isn’t Enough

Tech Tip Daily Reconciliation

Depending on your jurisdiction you are likely required to perform a 3-way reconciliation every 30 or 60 days. While it is important to meet these requirements, you should actually be doing this much more frequently. Reconciling your accounts on a daily basis ensures that you will notice any errors or inconsistencies as they occur, opposed […]

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