Tech Tip #90-Does Your Firm Understand The Difference Between Income & Revenue?

Trust Accounting

Understanding the difference between income and revenue is a crucial part of running a law firm. In fact, failure to understand the difference is considered to be one of the pitfalls of legal accounting that has the potential to lead to other issues. Failure to make this differentiation can lead to inaccurate books, compliance issues, and even ethics violations. Accounting Is Hard, Legal Accounting Is Harder — find out what you should know to run a successful¬†law practice AND business.

Notebook

No Fields Found.

Ready to make the switch?

Start a 14-day Free Trial of CosmoLex

Try For Free

See CosmoLex in action!

Schedule a Free 1:1 Personalized Demo

Book A Demo