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As you dive into the software, you will get excited about the powerful one, two punch of LeanLaw and QuickBooks Online Advanced. QuickBooks is such a generalized accounting platform but what makes it the number one software is its integrations and its open ecosystem. Note: these are setti...
One of the ways you can measure the numbers that tell the story of your law firm's success is by using key performance indicators (KPIs). A KPI is a fancy acronym, which sounds daunting, but in reality, it is just any kind of measurement that you are going to benchmark yourself against eit...
I have yet to meet an attorney that loves accounting. It's a necessary evil for businesses, and unfortunately, somehow, it often ends up as a part of what entrepreneurs end up doing themselves. Suppose the attorney is bootstrapping their business and is not hiring an external party to help them ...
The following blog post is designed to help attorneys understand the reports they need to create using QuickBooks Online as their accounting software. The first report is a requirement of the American Bar Association and is a must for any law firm with a trust bank account and manages client...
There is a lot that goes into accounting for law firms. Why is it essential if you are a partner or a solo lawyer in your firm? In this article, we will dive deep into educating the attorney on the importance of tracking finances. Accounting is just basically that. It's much better to track ...
We are continuing on the series of QuickBooks Online for Attorneys, and after much hard work, we've finally arrived at a place where I think you are ready to get your hands dirty with starting to do some transactional work. By now you should have set up your file perfectly. If you haven't do...
Congratulations on your decision to use QuickBooks Online! It is a robust accounting software. You've probably already realized that it is not built just for attorneys or the legal industry. It's software that's customizable to any industry. You need to know the finite steps to customize the prog...
QuickBooks is a powerful tool for keeping your law firm running. This article will look at the basic setup of QuickBooks for law firms for creating a client, matter in the sales section, and also the client ledgers. QuickBooks setup for attorneys is very different than setting up for a typic...
If you could secretly speak to most attorneys, not as an accountant, but as a friend, they would probably tell you that legal accounting keeps them up at night. Sure, they know how to do the law practice work. But when it comes to doing accounting, it's so foreign to them. Now, they understand in...
One of the main things that can set a successful attorney apart from a less successful one is how they charge their clients. They can charge hourly, fixed fee or contingency basis. But they can also use a hybrid form of billing. In this post, we look at the different billing methods and examine t...
