Strategic Planning

Mastering Legal Bookkeeping: Best Practices for Outsourcing

Leave a Comment / Accounting, Billing and Collections, Financial, IOLTA/IOLA, Retainers, Software and Tech, Strategic Planning /

Bookkeeping is an essential part of managing a law firm’s finances. It involves keeping accurate records of financial transactions, monitoring cash flow, and ensuring compliance with legal and tax regulations. However, many law firms struggle with managing their bookkeeping tasks effectively. One solution to this problem is outsourcing bookkeeping to a professional service provider. In this article, we will discuss the benefits of outsourcing bookkeeping for law firms.

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Outsourcing Bookkeeping for Law Firms: Key Considerations for Choosing the Right Bookkeeper

Leave a Comment / Accounting, Financial, IOLTA/IOLA, Retainers, Software and Tech, Strategic Planning, Timekeeping /

As law firms strive for efficiency and cost-effectiveness in their operations, outsourcing bookkeeping has become a popular choice. By delegating financial tasks to an external bookkeeper, law firms can free up time and resources to focus on their core legal services. However, not all bookkeepers are created equal, and it’s crucial for law firms to carefully consider what to look for in a bookkeeper when outsourcing. In this article, we will explore the key considerations that law firms need to keep in mind when outsourcing bookkeeping, including the essential qualifications, expertise, and trustworthiness of a bookkeeper.

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Embracing Change: How Resistance Can Harm Law Firms

Leave a Comment / Data Migration, Financial, Leadership, Software and Tech, Strategic Planning /

Law firms are known for their tradition and adherence to established practices, which can often make it difficult for them to embrace change. However, in today’s fast-paced and constantly evolving business landscape, resistance to change can have serious consequences for law firms. In this article, we will explore how resistance to change can harm law firms and what can be done to overcome it.

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Keeping it Separate: The Importance of Not Commingling Personal and Business Expenses for Attorneys

Leave a Comment / Accounting, Financial, IOLTA/IOLA, Strategic Planning /

Keeping it Separate: The Importance of Not Commingling Personal and Business Expenses for Attorneys Written By Geoff Burns As attorneys, managing finances is a critical aspect of running a successful practice. One common mistake that attorneys should avoid is commingling personal and business expenses. Commingling refers to mixing personal and business funds and using them

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