02
Nov
You probably use retainers to secure cash flow from clients. Heading into 2018, the last thing you want is for your accounting related to client trust funds to be out...
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01
Nov
Back in 2014, we published a post titled, “Are Law Firms Letting Technology Pass Them By?” Over three years later, a lot has changed when it comes to the software...
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31
Oct
There are 3 major components of legal business accounting: Client Funds Accounting, Matter Cost Accounting, & Back Office Accounting. All three need to be integrated and work alongside each other....
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30
Oct
The end of the year will be here before you know it. That means your law firm needs to reconcile all credit card statements. Do this by entering finance charges...
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25
Oct
Last week, we discussed several important items to check off your to-do list to get your law firm’s accounting in order as the year comes to a close. And while...
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24
Oct
Here we are in October, and before you know it we’ll be staring down December and the end of the year. Like many firms, you’re probably getting your financials in...
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18
Oct
The pumpkins have been carved, the candy has been bought, and soon enough, the streets will be filled with eager trick-or-treaters. And we all know what comes next…As October comes...
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17
Oct
Over drafting a client ledger can spell major trouble for your firm. For firms using QuickBooks Online (QBO) or other general business purpose accounting software, there’s usually nothing preventing you...
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12
Oct
3-way reconciliation reports are the holy grail of trust accounting. Most jurisdictions mandate it. For firms using QuickBooks Online (QBO), generating a 3-way reconciliation report requires them to create workarounds....
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10
Oct
Law firms charge different rates based on several different factors. If your firm uses QuickBooks Online (QBO) or other general accounting software you may have an issue setting different rates...
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