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Sometimes it is easy to understand the terms or technical words in the field you work in, sometimes it is not. Even when you understand...

Every single lawyer knows Trust funds are very crucial to them. They are not only your clients’ most valuable assets but are also...

Accounting in law firms requires specific skills and care because it is distinguished from accounting in general businesses. In this...

Accounting is often considered the language of business. In order to paint a complete picture of a business's past, present, and future...

Lawyers and law firms have specific financial needs that are unique to their industry. When a lawyer decides to make the jump from being...

In terms of business management, there are lawyers thinking of ways to spend the money they have earned and there are ones struggling to...

TABLE OF CONTENT Get to love your numbers Financial statements - Make it easy Balance Sheet (B/S) Profit & Loss Statement (P&L) Get to...

Bookkeeping is essential for every law firm, even if it brings back unpleasant memories of "math classes" in school. You can make...

There is some steps business owner can take to minimize the risk of getting your tax returns flagged by the IRS for manual processing — a...

There are many small businesses that are getting PPP loans. Besides, there are even more businesses that are lining up to receive funds...

For every small business owner, cutting down costs to optimize profit is a complicated decision. Because cutting costs sometimes might...

The Profit & Loss statement or P&L is an account compiled to show a business’s revenue, expenses, and net income over a given period of...