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Debtor and Creditor are common terms when it comes to bookkeeping. Although these two terms might seem straightforward, it's important to...

Overbilling in construction occurs when a contractor bills for contracted labor and materials before that work is actually completed

Sales tax is a tax paid to a governing body (state or local) on the sale of certain goods or services. The sales tax is generally...

Business success and sustainability are dependent on revenue. This metric is also critical to accounting and law firm bookkeeping, law...

Separating client trust funds from law firm operating funds is a necessary practice. When it comes to running a small firm, this concept...

Construction companies do not only build structures, they head for building profits also, of course. Although most of them know how to...

Managing a law firm is totally challenging for every single lawyer. When it comes to the financial aspects of a business, it doubles the...

Construction Project: 10 Sure-Fire Ways to Get Paid Faster in Construction

A simple explanation about IOLTA, how it works, 3 most common mistakes and how to avoid them.

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...

Managing trust accounts means you should understand three-way bank reconciliations. Regardless of whether your state calls it an "IOLTA...