Compared to a typical small business, the accounting requirements at law firms are unique. The penalties for violations are much worse than a slap on the wrist or even a big fine — accounting infractions can lead to disbarment. This area requires a “zero tolerance for error” policy in your firm and the knowledge to support it.
In this video, you’ll learn the fundamentals of both business accounting and trust (IOLTA) accounting, enabling you to confidently overcome any obstacle you might face.
– Identify what is unique about legal accounting
– Determine the three basics of IOLTA bookkeeping
– Describe the top legal accounting challenges and solutions
Erica Birstler, Product Specialist & Manager of Customer Support
Erica Birstler is Manager of Customer Success at CosmoLex, developers of a cloud based-legal billing & trust accounting system specifically designed for solo and small law firms.
Erica has a Bachelor of Science degree in Business Administration, and 5 years of experience in the legal software Industry catering to the specialized technology needs of small to mid-sized law firms. Erica has given numerous presentations on legal technologies such as law practice technology management, cloud computing, and legal billing & trust accounting compliance.
Please note: this is a non CLE session.
Feature image from Shutterstock.