When it comes to allocating revenue for your law firm things can get tricky. When money comes into your firm it doesn’t necessarily mean it’s considered revenue. First, your firm has to pay any liabilities. Second, your firm must reimburse any assets like advanced client costs. Third, any hard or soft costs related to the invoiced matter must be addressed. Now you can start realizing income! Read more about how to combat the complexities of legal accounting.
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