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Tech Tip #91-Sync Your Legal Billing & Accounting Systems

Tech Tip Legal Billing

It is imperative that your firm’s legal billing and accounting systems utilize the same set of data. Failure to align these two systems with identical data will result in bookkeeping issues, billing complications, and ethics violations. The best way to avoid these issues is to implement a practice management system that handles both your firm’s […]

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Tech Tip #90-Does Your Firm Understand The Difference Between Income & Revenue?

Tech Tip Income v. Revenue

Understanding the difference between income and revenue is a crucial part of running a law firm. In fact, failure to understand the difference is considered to be one of the pitfalls of legal accounting that has the potential to lead to other issues. Failure to make this differentiation can lead to inaccurate books, compliance issues, […]

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