27 09
It may sound like a silly question, but do you know where your firm’s money is coming from? I’m sure you keep your books and understand how much money you have, but what cases are generating the most revenue? What’s more, which cases offer the best ROI on your marketing dollars. In order to run […]
22 09
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 […]
21 09
If you are a lawyer, manage a law firm, or handle an attorney’s accounting it is imperative that you know how to manage trust accounts. If you don’t know how to manage trust accounts and you are working inside of legal accounting- read this post and familiarize yourself with these important components of trust accounting. […]
20 09
It’s extremely important to find a credit card processing company that has the specific needs of a law firm in mind, but when your firm decides to accept credit cards you will need to make sure you take the proper action internally too. Understanding how your firm will handle voids and chargebacks, credit card batching, […]
15 09
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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