Hannah NguyenMar 295 minLaw Firm Billing: Ultimate Guide and Best PracticeAdministrative tasks like billing and invoicing can be tedious and time-consuming and you may be stuck if you don’t implement the proper...
Hannah NguyenNov 26, 20213 min5 Considerations for Law Firm AccountingWhile you’ve spent years honing your skills to become a great lawyer, you didn’t understand deeply about accounting or bookkeeping,...
Hannah NguyenNov 25, 20214 minWhat are IOLTA accounts? Common Mistakes To AvoidAttorneys routinely receive and handle money that belongs to clients for future use such as security settlement payments, fees advanced...
Hannah NguyenNov 23, 20211 minHow to Perform A Three-Way ReconciliationA three-way trust reconciliation involves three components that must match. If the three numbers don't match, you have to investigate to kno
Hannah NguyenNov 22, 20212 minWhat 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...
Kieu NgaNov 17, 20212 minAccounting 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.
Miley Nguyen Oct 20, 20214 minHow To Increase Law Firm Revenue in 2021 Business success and sustainability are dependent on revenue. This metric is also critical to law firm owners who want to grow their...
Miley Nguyen Oct 19, 20212 minEverything Attorney Need to Know About Trust AccountSeparating client trust funds from law firm operating funds is a necessary practice. When it comes to running a small firm, this concept...
Zoe LuOct 5, 20214 min5 Tips To Improve a Law Firm’s Finances Managing a law firm is totally challenging to every single lawyer. When it comes to the financial aspects of a business, it doubles the...
Thuy PhamSep 28, 20215 minThree Common Mistakes that Lawyer Make With IOLTA A simple explanation about IOLTA, how it works, 3 most common mistakes and how to avoid them.
Zoe LuSep 22, 20215 minThe Beginner’s Guide to Trust AccountingSometimes it is easy to understand the terms or technical words in the field you work in, sometimes it is not. Even when you understand...
Zoe LuSep 21, 20215 min4 Key Practices For Effective Trust Account ManagementEvery single lawyer knows Trust funds are very crucial to them. They are not only your clients’ most valuable assets but are also...
Miley Nguyen Sep 17, 20212 minA Visual Guide to Understanding Three-way ReconciliationManaging trust accounts means you should understand three-way bank reconciliations. Regardless of whether your state calls it an "IOLTA...
Zoe LuSep 14, 20215 min7 Accounting Tips to Keep Law Firms Accounting Numbers In OrderAccounting in law firms requires specific skills and care because it is distinguished from accounting in general businesses. In this...
Lan NguyenSep 7, 20214 minHow To Set Up The Chart Of Accounts For Law Firm ClientsLawyers and law firms have specific financial needs that are unique to their industry. When a lawyer decides to make the jump from being...
Lan NguyenAug 25, 20214 minWhy 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...
Lan NguyenAug 25, 20216 minTackle Your Fears About Law Firm AccountingGet 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...
Miley Nguyen Aug 23, 20218 minA Foolproof Guide to 8 Common Law Firm Bookkeeping MistakesBookkeeping is essential for every law firm, even if it brings back unpleasant memories of "math classes" in school. You can make...
Miley Nguyen May 10, 20213 minTop 6 Reasons Why Lawyers Lose MoneyKeeping track of time It's unbelievable how much time you waste if you don't keep track of time. According to research compiled by Ann...
Miley Nguyen Mar 19, 20213 minWhat Does Reconciling Account Mean in Accounting?When your business needs to prove or record its account balance, this is called reconciliation accounting. In all the activities that drive