Attorneys who manage their own practice or firm know the importance of billing their clients. If you don’t bill your clients, you don’t get paid, you can’t pay your bills,...
A ledger shows the amount of client funds a particular matter has. Understand that disbursements or invoice payments shouldn’t affect any balance other than the related matter in terms of...
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...
So you’ve moved passed the shoebox of records containing the financial inflows and outflows that begrudgingly has to get organized by accountants or office staff. And you’ve decided the time-consuming...
The 3-Way Reconciliation Process can be a challenging endeavor for law firms. While it’s required to do this every 30-60 days, it is extremely beneficial to complete the process much...
All too often attorneys think of bank reconciliations as a monthly process. Of course performing bank reconciliations on a monthly basis is better than not doing them at all, but...
Be honest, when you think of reconciling your firm’s bank accounts, do you think of it as a daily activity? Neglecting to reconcile your bank accounts on a daily basis...
Whether you like it or not (it’s highly likely you don’t like it), managing your firm’s legal accounting is a major part of running a law firm. Attorneys who enjoy...
So many firms have moved their practice management into the cloud or are interested in doing so. Very few firms understand that there are different technology options to consider when...
Just like many other businesses and industries, law firms have begun to make the move into the cloud. There are a number of advantages associated with moving your firm to...
