If you’re a business owner you probably started your business because you had an idea or a marketable skill set, not necessarily because you understood business. And as your business has grown, your skills have improved. We see this a lot in our clients, but what we...
Running a business demands precision and discipline, especially when it comes to financial matters. One common pitfall that entrepreneurs should steer clear of is the commingling of business and personal funds. This practice occurs when business finances and personal...
A MODERN CPA WILL HELP YOU LOOK FORWARD. As a business owner you are constantly worrying about how you can increase your income, make payroll, hire new employees, and a million other things. I get it. I’m a business owner too. But what I have found to be the most...
Staying Compliant With Your Trust Accounting In working with law firms we see lots of trust accounts, along with processes that firms are using to ensure they are staying compliant with trust accounting rules. We want to make sure you are staying compliant too! Here...
What’s The One Thing That Could Improve Your Profitability? There is one thing that separates your firm from a well-oiled machine. No, it’s not marketing, or branding, or even customer service. It’s one simple thing. Processes. More importantly, written processes. If...
Refresh Your Law Firm's Goals Summer is upon us. You know what that means (other than 100 degree weather)? Our year is halfway over. Now is the perfect time to review your law firm's financials, celebrate your wins, and readjust if needed. Remember six months ago...
Your Law Firm Financials Contain Valuable Information That Can Help You Be More Profitable Law school may have taught you how to be a great lawyer but it didn’t teach you how to evaluate and understand your financials. Why is this important? Your financials contain...
What Accounting Issues Do Law Firms Face? Managing a law firm is time consuming. Not only are you practicing law, you’re worrying about cash flow, hiring and firing, and making all of the other important decisions. Accounting is usually on the bottom of the list....
Iolta Trust Accounting Maintaining Correct Iolta Trust Balances And Reconciliations Is Extremely Important For Your Law Firm. It Seems Boring And Tedious But Is Required. Let’s face it, you went to law school to practice law, not to do accounting. Accounting...
Law Firm Financials When Growing A Law Firm, One Of The Most Important Things You Can Do Is Understand What Your Financial Statements Are Telling You Understanding your law firm’s financials will help you spot trends, make decisions, and be more profitable...
Clean Up Your Law Firm’s Accounting Messy Bookkeeping Is A Common Occurrence We See In Law Firms. Usually The Firm Owner Has Attempted To Do The Bookkeeping Themselves Or They’ve Hired An Unqualified Bookkeeper. No matter how it happened, it’s good to realize...
Use Your Law Firm Accounting To Be More Profitable You Can Measure Almost Anything In Your Law Firm. It’s What You Do With That Information That Matters. If you are operating a law firm, measuring and monitoring your Key Performance Indicators (KPIs) will help...