ARTESANI ACCOUNTING
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What's the Difference Between a Law Firm's Bank Account and Their Wallet? This is a post about the differences between law firm finances and personal finances and how to book...
Let me paint the picture. You are doing your accounting records for your law firm. You send the tax professionals the financial documents that they requested. The tax professional...
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...
As any law firm executive knows, tracking metrics is crucial to drive return on equity and maintain profitability. It can be a painstaking process that can be time-consuming and difficult to...
An IOLTA/Trust account is an account that lawyers use to hold client's up front deposits, which are more commonly know in the industry as retainers, until the money is earned. It is at that time...
If you just landed your first attorney-client, you may be struggling with some of the terminologies: IOLTA, what the heck is that? Trust Accounting, is that an IOLTA? And what are the...
If you are a QB Community Live member, you may have seen a recent video by my partner, Matthew Fulton, announcing my exit from the group as Admin.
Many of you were kind and reached out to...
Dear Mr. or Ms. or Attorney:
Did you know at year-end that it’s a great time to make a change to a better law firm software?
Okay, I get it. But this is not an annual process....
Reconciling the advanced client cost account is a must if you do attorney bookkeeping. It is important to track this account. If it is left untouched, you could be leaving...
