Compare Operating Retainer and Trust Retainer: What Attorney Should Know?
Discover the key differences between operating retainer and trust retainer for attorneys. Learn which one suits your needs with our complete
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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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Dec 2, 20216 min read
Law Firm Bookkeeping and Accounting: A Completed Guide 2022
The Completed Guide To Better Law Firm Bookkeeping and Accounting Practices!
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Aug 25, 20216 min read
Financial Fundamentals in Accounting for Law Firms
TABLE OF CONTENT Get to love your numbers Financial statements - Make it easy Balance Sheet (B/S) Profit & Loss Statement (P&L) Get to...
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Aug 23, 20218 min read
A Foolproof Guide to 8 Common Law Firm Bookkeeping Mistakes
Bookkeeping is essential for every law firm, even if it brings back unpleasant memories of "math classes" in school. You can make...
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May 9, 20214 min read
Top 6 Reasons Lawyers Lose Financial Control
This article highlights critical accounting challenges that lead lawyers to lose financial control in law practices , emphasizing the...
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Feb 3, 20213 min read
4 Common Accounting Pitfalls Law Firms Must Avoid (2023 Updated)
- There is no Money In and Out of the fund (no flow of transactions)
- Overdraft client ledgers at the transaction level.
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Jan 5, 20212 min read
Law Firm Accounting: 4 Common Legal Accounting Mistakes
In legal accounting, all cases expenses are not treated the same. It is important to ensure that every item billed is tracked
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Jun 21, 20202 min read
LAW FIRM: DO and DON’T of Trust Accounting
With regards to dealing with your client’s trust accounts, it is critical that your law firm has the correct processes and practices...
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Jun 16, 20202 min read
Trust accounting for law firm
An attorney client trust account, also known as an escrow account. These trust accounting rules are designed to maintain the integrity of...
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