27 12
Now that we have made the turn past Christmas and we’re heading towards the New Year it’s important that your firm completes the necessary year end accounting tasks. Don’t forget to reconcile all of your accounts, ensure all retainer balances are up to date in your IOLTA Trust accounts, take a deep dive into your […]
22 12
Heading into the new year everybody begins to assess the current year and how they can improve. It happens in our personal lives- maybe it’s losing a couple of pounds, spending more time with your family, or reading more. In business, we all make resolutions too. For many law firms a great resolution, whether they […]
20 12
It’s not secret that lawyers utilize retainers to maintain positive cash flow for their firm. In most jurisdictions, all client funds must be kept in trust accounts, but in few jurisdictions, such as NJ, NY, client advances may be kept in operating accounts. Regardless of whether your firm keeps client funds in an operating or […]
15 12
With trust accounting being so heavily scrutinized there is never a good time for them to be out of order. While there isn’t a good time for this, the end of the year may be one of the worst times for them to be a mess. Don’t head into 2017 with messy trust accounts. Review […]
14 12
Cuba Gooding Jr. and Tom Cruise may have popularized the term “Show me the money,” but any attorney running their own practice should be saying the same thing. They may even want to say it over and over and over again. You’ve seen the movie, right? All kidding aside, attorneys not only need to see […]
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