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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...

Managing trust accounts means you should understand three-way bank reconciliations. Regardless of whether your state calls it an "IOLTA...

Accounting in law firms requires specific skills and care because it is distinguished from accounting in general businesses. In this limited article, we try to summarize some most common accounting tips for law firms that would help to keep your accounting numbers in order and increase profitability lawyers. Some of these tips may be familiar to you but they should not be neglected for they will help you to better manage your business in the long run, particularly when you lo