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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...

Every single lawyer knows Trust funds are very crucial to them. They are not only your clients’ most valuable assets but are also...

Managing trust accounts means you should understand three-way bank reconciliations. Regardless of whether your state calls it an "IOLTA...

Accounting in law firms requires specific skills and care because it is distinguished from accounting in general businesses. In this...

Accounting is often considered the language of business. In order to paint a complete picture of a business's past, present, and future...

Lawyers and law firms have specific financial needs that are unique to their industry. When a lawyer decides to make the jump from being...

In terms of business management, there are lawyers thinking of ways to spend the money they have earned and there are ones struggling to...

TABLE OF CONTENT Get to love your numbers Financial statements - Make it easy Balance Sheet (B/S) Profit & Loss Statement (P&L) Get to...

Bookkeeping is essential for every law firm, even if it brings back unpleasant memories of "math classes" in school. You can make...

There is no doubt that technological advances can support the business to improve and gain competitive advantages in the market and law...

According to the IRS, it is a must that all businesses keep basic financial records in order to track gross receipts, purchases,...

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...