11
Sep
No two law firms are the same, but there are business needs that every firm must maintain and QuickBooks doesn’t cover it all. The experts at CosmoLex have identified key...
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29
Aug
As part of the handling of trust accounts, lawyers are required to properly manage client funds, including making payments on their behalf and returning money as needed. But what happens...
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27
Aug
It is a common misunderstanding for managers of small firms to think they can survive using the same solutions as other small business to run their practice. Law office accounting...
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23
Aug
With so many moving parts, it may be difficult to know where to start when tracking financials in a law practice. Fortunately, experts at CosmoLex have identified five key areas...
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23
Aug
While no two law firms are the same, many of their needs are nearly identical regardless of size, location, type of law practiced, etc. After over a decade of working...
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21
Aug
Credit cards offer an overwhelming amount of benefits and are used by many. While credit cards offer a way to get paid faster and can potentially increase client volume by...
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16
Aug
Changing trust bank accounts is an involved process. When moving such accounts, it is important to follow specific trust accounting rules to ensure all money is accounted for and the...
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14
Aug
When it comes to reviewing and evaluating the important financial elements of your practice, class-based accounting serves as an excellent tool. The ability to report on income, expenses, or net...
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09
Aug
When switching the banks your firm uses to manage trust accounts it is extremely important to ensure that all of your records and books are complete before making the switch....
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03
Aug
Accepting client payment by credit cards has long been debated in the legal community, but with their overwhelming benefits and widespread use, many law firms have become more open to...
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