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Tech Tip #70 – Realizing Income For Your Firm

Trust Accounting

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 be hard, see how it could affect your income– learn more

Notebook

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CosmoLex is cloud-based law practice management software that integrates trust & business accounting, time tracking, billing, email & document management, and tasks & calendaring, in a single application.
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CosmoLex is part of ProfitSolv, a collection of best-in-class software solutions for professional services firms, allowing the freedom for growth and innovation. Using a product-centric and customer-first approach, ProfitSolv collaborates with firms to offer better client services.

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