Tech Tip #29 – Know Your Legal Accounting – Advanced Client Costs vs. Reimbursable Client Costs

Not every matter cost is a cost from IRS perspective. Know the difference. Cost booked as advanced client costs (ACC) is really a loan to your client and can’t be deducted when incurred. Cost booked as reimbursable client costs (RCC) is different and can be deducted. How you book is yours and your accountant’s decision […]

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Tech Tip #26 – How does CosmoLex’s Online Invoice Payment Option Differ from Others?

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Online invoice payment is not only convenient for your clients but with the integration of LawPay within CosmoLex, receiving payment becomes a completely automatic and seamless process. With many programs, online payments simply mean receiving the payment online, but you still need to make the entry within your billing system. In the case of CosmoLex & LawPay, […]

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