Tag Archives: legal accounting

The responsibility for proper legal accounting and the consequences of improper accounting fall squarely on your law firm—not the accountant.

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 ...

As an attorney, you meet with clients, deliver the work as promised, and then, eventually, you send out an invoice. We understand that dealing with bills is not why you became an attorney, but in order to get paid and continue to practice law, you need to focus on billing just as much as practicing your passion. In this video, ...

Sometimes it seems like there’s a regulation governing every dollar you bring into your practice. That goes double for money that needs to go the other way — just think about your vendor bills, 3rd party lien claims, and the rest. It’s not enough to have money in the bank to cover your checks. You need an adequate accounts payable ...

Lawyers are lucky that casework has deadlines. We wish we could say the same thing about accounting. Although cases usually get closed on time, most law firm books are full of open issues that never seem to go away. With this New Year’s resolution, 2017 can be different. Well, actually, there are six…and a half. In this video, we’ll review what ...

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, ...

Every year during tax season, you probably end up saying the same thing: "Next year will be different; I'm going to get organized!" This time, follow through with that goal. In this video, discover how you can create an organized accounting system in just five steps.