Law Firm Billing: Ultimate Guide and Best Practice
Administrative tasks like billing and invoicing can be tedious and time-consuming and you may be stuck if you don’t implement the proper...
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Hannah Nguyen
- Dec 2, 2021
- 6 min
Law Firm Bookkeeping and Accounting: A Completed Guide 2022
The Completed Guide To Better Law Firm Bookkeeping and Accounting Practices!
1,843 views1 comment
Hannah Nguyen
- Nov 26, 2021
- 3 min
5 Considerations for Law Firm Accounting
While you’ve spent years honing your skills to become a great lawyer, you didn’t understand deeply about law firm bookkeeping or...
172 views0 comments
Hannah Nguyen
- Nov 25, 2021
- 4 min
What are IOLTA accounts? Common Mistakes To Avoid
Attorneys routinely receive and handle money that belongs to clients for future use such as security settlement payments, fees advanced...
894 views0 comments
Hannah Nguyen
- Nov 23, 2021
- 1 min
How to Perform A Three-Way Reconciliation
A three-way trust reconciliation involves three components that must match. If the three numbers don't match, you have to investigate to kno
84 views0 comments
Hannah Nguyen
- Nov 22, 2021
- 2 min
What is the difference between revenue and income?
Many people often consider ‘income’ as a synonym of ‘revenue’ since both terms refer to positive cash flow. Understanding the difference...
57 views0 comments
Kieu Nga
- Nov 17, 2021
- 2 min
Accounting for Law Firm: 5 Common Legal Accounting and Bookkeeping Mistakes
Lawyers are not accountants and they often make the same common mistakes when it comes to accounting for law firms.
61 views0 comments
Miley Nguyen
- Oct 20, 2021
- 4 min
How To Increase Law Firm Revenue in 2021
Business success and sustainability are dependent on revenue. This metric is also critical to accounting and law firm bookkeeping, law...
23 views0 comments
Miley Nguyen
- Oct 19, 2021
- 2 min
Everything Attorney Need to Know About Trust Account
Separating client trust funds from law firm operating funds is a necessary practice. When it comes to running a small firm, this concept...
20 views0 comments
Zoe Lu
- Oct 5, 2021
- 4 min
5 Tips To Improve a Law Firm’s Finances
Managing a law firm is totally challenging for every single lawyer. When it comes to the financial aspects of a business, it doubles the...
106 views0 comments
Thuy Pham
- Sep 28, 2021
- 6 min
Three Common Mistakes that Lawyer Make With IOLTA
A simple explanation about IOLTA, how it works, 3 most common mistakes and how to avoid them.
181 views0 comments
Zoe Lu
- Sep 22, 2021
- 5 min
The Beginner’s Guide to Trust Accounting
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...
69 views0 comments
Zoe Lu
- Sep 21, 2021
- 5 min
4 Key Practices For Effective Trust Account Management
Every single lawyer knows Trust funds are very crucial to them. They are not only your clients’ most valuable assets but are also...
23 views0 comments
Miley Nguyen
- Sep 17, 2021
- 2 min
A Visual Guide to Understanding Three-way Reconciliation
Managing trust accounts means you should understand three-way bank reconciliations. Regardless of whether your state calls it an "IOLTA...
63 views0 comments
Zoe Lu
- Sep 14, 2021
- 5 min
7 Accounting Tips to Keep Law Firms Accounting Numbers In Order
Accounting in law firms requires specific skills and care because it is distinguished from accounting in general businesses. In this...
80 views0 comments
Lan Nguyen
- Sep 7, 2021
- 5 min
How To Set Up The Chart Of Accounts For Law Firm Clients
Lawyers and law firms have specific financial needs that are unique to their industry. When a lawyer decides to make the jump from being...
1,099 views0 comments
Lan Nguyen
- Aug 25, 2021
- 4 min
Why Law Firm Accountants And Bookkeepers Are Beneficial To Lawyers?
In terms of business management, there are lawyers thinking of ways to spend the money they have earned and there are ones struggling to...
201 views0 comments
Lan Nguyen
- Aug 25, 2021
- 6 min
Tackle Your Fears About Law Firm Accounting
Get to love your numbers If you are a lawyer doing solo, or you have your own law firm and it terrifies you with just a flash of thought...
40 views0 comments
Miley Nguyen
- Aug 23, 2021
- 8 min
A Foolproof Guide to 8 Common Law Firm Bookkeeping Mistakes
Bookkeeping is essential for every law firm, even if it brings back unpleasant memories of "math classes" in school. You can make...
95 views0 comments
Miley Nguyen
- May 9, 2021
- 3 min
Top 6 Accounting Reasons Why Lawyers Lose Money
Table Content Keeping track of time Receivables Aren't Being Controlled Invoicing Retainers Making the Wrong Client Selection Not Hire a...
34 views0 comments