The Beginner’s Guide to Trust Accounting
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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...
- 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...
170
- 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...
127
- 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...
141
- Sep 10, 2021
- 2 min
[INFOGRAPHIC] The Balance Sheet 101
Accounting is often considered the language of business. In order to paint a complete picture of a business's past, present, and future...
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- 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...
3,223
- 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...
188
- Jul 27, 2021
- 3 min
How Is Legal Accounting Software Useful In Law Firms?
There is no doubt that technological advances can support the business to improve and gain competitive advantages in the market and law...
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- Jul 15, 2021
- 4 min
How to Set Up a Small Business Bookkeeping System
According to the IRS, it is a must that all businesses keep basic financial records in order to track gross receipts, purchases,...
47
- Jul 2, 2021
- 3 min
5 Bookkeeping Items to Double-Check Before Finalizing Your Tax Return
There is some steps business owner can take to minimize the risk of getting your tax returns flagged by the IRS for manual processing — a...
70
- Jun 28, 2021
- 4 min
PPP Loan Forgiveness: How To Track Expenses for Maximum PPP Loan Forgiveness
There are many small businesses that are getting PPP loans. Besides, there are even more businesses that are lining up to receive funds...
35
- Jun 18, 2021
- 4 min
How To Small Cut In Costs For A Business To Save Big
For every small business owner, cutting down costs to optimize profit is a complicated decision. Because cutting costs sometimes might...
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