Law Firm Accounting Demystified Book Cover
Law Firm Accounting Demystified

119-Page Downloadable PDF eBook

A comprehensive desk reference designed to keep lawyers in the clear when it comes to the tough demands of legal accounting compliance.

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Law Firm Accounting Demystified is a one of a kind reference guide for legal professionals looking to manage their accounting. We have attempted to take a comprehensive look into the many subtleties and nuances of legal accounting. 

This book takes legal accounting topics that would otherwise be easily misunderstood by both lawyers and accountants and simplifies them into a common language that can be understood by anyone involved with a law firm's accounting.

What is Law Firm Accounting Demystified?

Full Chapter List

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Here's the complete chapter list. Don't miss out on any of this educational content.

01 Overview

10

02 What is an Accounting System?

16

03 Retainer Management

24

04 Trust Accounting

28

05 Matter Billing Types

44

06 Matter Expenses

52

07 Billing & Payments

56

08 Income Tracking

68

09 Credit Card Expenses

78


10 Business Accounting 

82

11 Bank Reconciliations

88

12 Financial Reports

92

13 Productivity Reports

98

14 Year-End Activities

102

15 Canada Specific Legal Accounting

104

Copyright 2018 | CosmoLex Cloud, LLC

Cynthia Szczepaniak

Owner, TimeResources

"Law Firm Accounting Demystified analyzes the concepts of legal accounting as a firm-wide process resulting in a big picture comprehension for non-accounting individuals. This book is a must-read for all firm members desiring a better understanding of the cohesive link between time and billing and the fundamental day-to-day accounting activities of a law firm. The authors cover specific accounting requirements and concerns of law firms and discuss how these burdens can be efficiently overcome with an appropriate workflow process."

Rick Kabra, Ph.D., is the CEO of CosmoLex Cloud, a web-based law practice management system designed for small law firms. Rick has a Ph.D. in Electrical Engineering and has over 12 years of experience in the legal software industry catering to the specialized technology needs of small law firms. Rick has given hundreds of seminars, and has published numerous articles on legal technologies related to law office management, cloud computing, and legal billing, business & trust accounting compliance issues.  

About The Authors

Pamela Rozsa is a management consultant with over thirty years in the legal industry. She has hands-on experience managing small to medium-sized law firms as a Managing Director, during which Pam worked with legacy practice management packages that included accounting modules. Pam began evaluating cloud-based practice management applications in 2010 and was one of the first consultants to adapt and promote cloud-based legal practice management software. Pam is one of the country's foremost experts on legal accounting. She is a certified as a consultant or advisor with several cloud-based practice management and accounting applications. 

Law Firm Accounting Demystified

Conclusion

118

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