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 from over-drafting the ledger. If you’re using a general accounting software, inquire how overdrafts are handled, then switch to a legal-specific solution that has safeguards in place to prevent overdrafts. Read this recent article written by QuickBooks expert Caren Schwartz to learn more about The Critical Challenges of Using QuickBooksTM Online for Law Firms.
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