To quote Steven Chung, a practicing tax attorney in LA, “When preparing tax returns, most lawyers send their financial books to their tax preparer and let them handle the rest. Unfortunately, some simply add up the numbers and input them to the tax...
01 Aug What are Financial Reports?
Financial reports tell the story of your firm. Think of each report as a storyteller. The accuracy by which they tell your story is based on the accuracy of your recordkeeping.
19 Apr Client Billing Policy
Establishing a solid client billing policy is the first step to collecting your fees in a timely manner. This is the cash you'll need to pay your bills, and yourself, for work you have already completed.
15 Feb Return on Investment
As a small legal firm, taking on additional overhead costs can hurt the bottom line and when evaluating any cost, it is always good practice to consider the return on investment (ROI). ROI is simply the net gain of an investment divided by the cost of...
02 Feb QuickBooks Online
Is QuickBooks Online (QBO) just mobile QuickBooks? No, it’s not... Here's what it IS:
Our President and CEO Gale Kirsopp has been featured in an article over at the Business of Law Blog titled Sage Small Law Firm Accounting Advice from an Expert.
What is a Cash Flow Statement? A Cash Flow Statement measures the movement of cash flowing into and out of your firm over a specific period of time.