Tech Tip #80 – Reconcile Credit Card Accounts

Tech Tip - Reconcile Credit Card Accounts

Law practices can often forget to reconcile credit card accounts. Firms used to only use credit cards for their business expenses, but it is becoming much more common for firms to use credit cards for matter expenses. You should have one credit card strictly for matter expenses. This card needs to be reconciled in the […]

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Tech Tip #72 – General Accounting Software Doesn’t Have The Appropriate Chart Of Accounts


Many law firms will try to use general accounting software. The firms that do this will inevitably come up short in finding an accounting system that truly satisfies their needs. One reason, in particular, is that general accounting software does not include the legal specific accounts needed to appropriately manage a law firm’s accounting. Make […]

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Tech Tip #70 – Realizing Income For Your Firm


When your firm wants to realize income it is important that any invoice payments that are made go through the appropriate hierarchy before you consider any of that money yours. Any payments made to your firm must first be applied to liabilities, hard costs, soft costs, and any finance charges or late fees. Legal Accounting can […]

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