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When a small construction company does not get its payables, it is more vulnerable to damage than a large company with large cash reserves.

Variable costs and fixed costs comprise the total cost of your business activity. While these costs seem complicated at the first plan,...

As a small business owner, you have everything on your plate, from taking care of customer relationships, marketing and sales, finance,...

Under an untrained eye, bookkeeping and accounting may appear to be the same profession. It’s a common misconception regarding the two...

Bookkeeping can be one of the most daunting processes when you’re running your own business. Maintaining accurate records of financial...

Attorneys routinely receive and handle money that belongs to clients for future use such as security settlement payments, fees advanced...

Many people often consider ‘income’ as a synonym of ‘revenue’ since both terms refer to positive cash flow. Understanding the difference...

Business success and sustainability are dependent on revenue. This metric is also critical to accounting and law firm bookkeeping, law...

Managing a law firm is totally challenging for every single lawyer. When it comes to the financial aspects of a business, it doubles the...

A simple explanation about IOLTA, how it works, 3 most common mistakes and how to avoid them.

Sometimes it is easy to understand the terms or technical words in the field you work in, sometimes it is not. Even when you understand...

Every single lawyer knows Trust funds are very crucial to them. They are not only your clients’ most valuable assets but are also...