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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...

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 no doubt that technological advances can support the business to improve and gain competitive advantages in the market and law...

According to the IRS, it is a must that all businesses keep basic financial records in order to track gross receipts, purchases,...

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...

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...

Why Would You Need to Do a Bank Reconciliation Monthly? Bank Reconciliation

The ability to effectively manage your account receivables (AR) is a prerequisite for running a successful business. It is unfortunate...