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Handling Discrepancies in Law Firm Reconciliation
As an attorney or administrator of a law company, you know that keeping the books in order is just as important as winning cases. Making...
2 days ago6 min read
2


Reconciling Client Invoices for Law Firms
Focus is needed to run a law firm on issues, clients, and how to win in court. But there is a job that needs to be done that can't be...
3 days ago5 min read
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What Happens If You Overdraft an IOLTA Account?
Imagine that you are a lawyer who has a lot of cases, clients, and due dates to meet. You have an IOLTA account , which is a special kind...
5 days ago7 min read
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Why having a correct chart of accounts and following IOLTA rules is a must
It takes accuracy, trust, and moral responsibility to run a law business. As a lawyer, your clients trust you to look out for their best...
May 106 min read
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Managing Retainers Effectively and Boost Collection Rate For Law Firm
TABLE OF CONTENT Optimizing Retainer Management Key Benefits of Effective Retainer Management Designing Dynamic Retainer Agreements...
Sep 14, 20245 min read
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Cash vs. Accrual Accounting for Law Firms
TABLE OF CONTENT Basics and Benefits of  Cash Accounting A Detailed Overview of The Accrual Method Comparing Cash and Accrual Accounting...
Sep 11, 20244 min read
43


How Do Bookkeeping Services Help Small Law Firm
Running a small law firm is no small feat. Between juggling client cases, managing staff, and staying on top of legal updates,...
Aug 13, 20245 min read
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Tracking Financial Transactions in Law Firm Ledgers
For law firms, the accuracy with which financial transactions are recorded in the general ledger is not only about maintaining book...
Jul 25, 20244 min read
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Reducing errors in bookkeeping with 3-way reconciliation
3-way reconciliation, a pivotal process for any legal practice, ensures that financial records—bank statements, client ledgers, and...
Jul 23, 20243 min read
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Effective Tools for 3-Way Reconciliation in Legal Accounting
Particularly relevant for handling client money kept in trust accounts such as IOLTAs (Interest on Lawyers Trust Accounts), 3-way...
Jul 19, 20244 min read
36


Chart of Accounts Mistakes for Law Firms
The chart of accounts is an important part of managing your company's money. This basic tool is the core of your accounting system; it...
Jul 16, 20244 min read
93


Daily Bookkeeping Checklist for Busy Immigration Lawyers
Juggling complex immigration cases, managing client expectations, and ensuring adherence to ethical guidelines – the life of an...
Jul 12, 20246 min read
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