Tag Archives: cosmolex

The responsibility for proper legal accounting (and the penalties for improper accounting) falls squarely on your law firm -- not the accountant.

It seems like whenever you talk to a lawyer who works in a small law firm, they view their firm’s bookkeeping and accounting as a perennial headache. Although the process can be challenging, this doesn’t have to be the case. In A 6-Step Guide to Better Legal Bookkeeping, you’ll discover how a few simple steps and the implementation of some modern best-practices ...

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 ...

Handling client funds can be one of the most complex parts of running a law practice. The rules and regulations of handling client funds can become very difficult based on the specific type of account, your local jurisdiction, and other factors. As an attorney, you are the one responsible for the proper management of these funds. If you want to ...

From individual clients to business clients, most of the people you do business with will want to pay by credit card. Why? Because they like the convenience of paying online, having a 30-day float and they’re tired of hearing “cash or check only.” However, we all understand that accepting credit cards as an attorney can be a true battle. In ...