When it comes to legal trust accounting, you — the lawyer in charge — are the one obligated to make sure your firm is staying current and compliant. While your bookkeeper or accountant may assist with the daily tasks, the real responsibility lies in your hands. While it may sound like a daunting task, have no fear! The reports you ...
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Join this webinar as we teach you how to identify the 7 most vital trust accounting reports for any law firm and walk you through how to prepare them.
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Join us for 5 Accounting Resolutions for Your Law Firm in 2019, and learn five simple resolutions that you can implement to make the accounting process easier and more profitable for your practice.
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The responsibility for proper legal accounting (and the penalties for improper accounting) falls squarely on your law firm -- not the accountant.
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The end of the year can be a hectic time for many business owners. Sorting through the entire year’s financials, preparing the documents you’ll need to file your tax returns, there are a lot of accounting tasks that need to be completed before you can take some time off to enjoy the holidays with your family. While it’s important to ...
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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, ...
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Join us on Wednesday, November 16th for a free webinar with CosmoLex.
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Discover how you can overcome the limitations of QuickBooks by implementing new software. Understand why law firms cannot afford to keep “loose books” Learn the requirements for law firms using QuickBooks from an industry expert Explore the customization features and workarounds for legal professionals The Speakers: Erica Birstler Erica is Manager of Customer Success at CosmoLex, developers of a cloud ...
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Many law firms use QuickBooks for accounting (and even for billing). However, legal work is governed by unique accounting regulations—and since QuickBooks is not built as a legal specific solution, this creates challenges that must be addressed. Every law firm should be aware of the legal accounting requirements, the kinds of billing & accounting issues lawyers encounter in QuickBooks, and ...
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Firms often lose time that is not tracked due to inefficient and antiquated timekeeping practices. There is a simple fix to avoid this: contemporaneous time entry. If you are not practicing contemporaneous time entry, it is likely that you are hemorrhaging your billable hours. It’s not about working more hours, it is about diligently recording the work done. Join us: ...
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Law Technology Today From the ABA Legal Technology Resource Center
