Compare Operating Retainer and Trust Retainer: What Attorney Should Know?
Discover the key differences between operating retainer and trust retainer for attorneys. Learn which one suits your needs with our complete
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- Mar 28, 2022
- 5 min
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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- 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!
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- 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...
288
- 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...
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- 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
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- 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...
154
- 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.
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- Oct 20, 2021
- 4 min
How To Increase Law Firm Revenue in 2023
Business success and sustainability are dependent on revenue. This metric is also critical to accounting and law firm bookkeeping, law...
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- 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...
32
- 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...
192
- 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.
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