The responsibility for proper legal accounting (and the penalties for improper accounting) falls squarely on your law firm—not the accountant. Which makes knowing the rules of legal accounting mandatory for every lawyer. In Advanced Principles of Legal Accounting, you will gain the essential accounting knowledge you need to protect your practice.
After a quick review of the differences between regular business accounting and legal accounting, we’ll take a deep dive into three crucial areas that are “make-or-break” for every firm. You (and your accountant) will come away armed with simple, practical tips that you can implement immediately to keep your books clean & compliant.
- What is Legal Accounting?
- 3 Advanced Legal Accounting Principles Crucial to a Successful Firm
- Tips to Master Legal Accounting In Your Firm
Elizabeth is a Certified Bookkeeper and QuickBooks ProAdvisor. She has over 11 years of experience consulting and managing the finances for companies across multiple industries ranging from entertainment to marketing and legal firms. As the founder of her own bookkeeping and accounting firm, Elizabeth and her team offered clients complete bookkeeping services, QuickBooks ProAdvisor consulting services, Quickbooks training and customization, Quickbooks data server maintenance, and payroll services. Today, Elizabeth assists law firms across the United States and Canada to migrate their data from legacy accounting and practice management software to a legal-specific accounting solution.