Gross Profit vs Net Profit: What’s the Difference?
As a small business owner, you should regularly look at your income statements to determine whether your company is making a healthy...
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Mar 29, 20224 min read
What are Underbillings? 5 Easy Ways to Stop Cash Flow Drain in 2023
Underbilling is the opposite of overbilling and occurs when a contractor does not invoice their customer for completed work. Not complete pr
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Mar 28, 20225 min read
Law Firm Billing: Ultimate Guide and Best Practice
Administrative tasks like billing and invoicing can be tedious and time-consuming and you may be stuck if you don’t implement the proper...
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Jan 21, 20224 min read
Outsourced Bookkeeping Services for Small Business
As a small business owner, you have everything on your plate, from taking care of customer relationships, marketing and sales, finance,...
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Jan 12, 20224 min read
Bookkeeping Vs Accounting: 5 Key Differences
Under an untrained eye, bookkeeping and accounting may appear to be the same profession. It’s a common misconception regarding the two...
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Nov 26, 20213 min read
5 Considerations for Law Firm Accounting
While you’ve spent years honing your skills to become a great lawyer, you didn’t understand deeply about law firm bookkeeping or...
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Nov 25, 20214 min read
What are IOLTA accounts? Common Mistakes To Avoid
Attorneys routinely receive and handle money that belongs to clients for future use such as security settlement payments, fees advanced...
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Nov 23, 20211 min read
How to Perform A Three Way Reconciliation
A three-way trust reconciliation involves three components that must match. If the three numbers don't match, you have to investigate to kno
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