Why Attorneys Should Use Legal-Specific Over General Accounting Software

Blog Legal-Specific Accounting

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 creation of spreadsheets and reports that miss the continuous communication with accounts receivable. Now you may have hit the common fork in the road: general […]

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Tech Tip #105-Make The 3-Way Reconciliation Process Easier By Migrating Your Data

Tech Tip Reconciliation Process

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 more frequently. The problem is the process can be both long and difficult. Migrating all of your legal accounting data into CosmoLex will give your […]

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Tech Tip #103- Daily Bank Reconciliations Are A Must

Tech Tip Daily Bank Reconciliations

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 can result in trust accounting compliance issues, unnoticed data entry errors, account overdrafts, and in certain situations failure to comply with regulations associated with specific […]

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Bank Data Feeds & Daily Reconciliations

Blog: Bank Data Feeds

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 managing their firm’s legal accounting are few and far between. It’s probably even more difficult to find an attorney who gets excited about performing daily […]

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