The Three-Way Reconciliation Every Firm Owes Its Clients
Most attorneys know they should reconcile their trust account. Far fewer can produce the third leg on demand — and that is the one that matters.
ReadInsights
Writing about the money side of running a law firm.
No listicles and no filler. Specific problems we see in legal books, and what to actually do about them.
Bookkeeping Basics A Chart of Accounts Built for Law Firms (Yours Probably Isn't)
The default QuickBooks chart of accounts has no concept of client trust liability or advanced case costs. Here is what a legal one looks like and why it matters.
ReadQuickBooks & Software Setting Up QuickBooks Online for a Law Practice
QuickBooks Online can handle trust accounting properly — but only if you configure it deliberately. A step-by-step walkthrough for law firms.
ReadBookkeeping Basics Cash vs. Accrual for Attorneys: Which Your Firm Should Use
Most law firms should keep cash-basis books for tax and run accrual reports for management. Here is why, and where each method misleads you.
ReadCash Flow Why Your Firm's AR Is 90 Days Out — and Five Fixes That Work
Slow collections are almost never a client problem. They are a billing cadence problem, and the fixes are unglamorous and effective.
ReadFirm Management Seven Signs Your Firm's Books Need a Cleanup
Bookkeeping problems rarely announce themselves. Here are the specific symptoms that mean the books need work before year-end, not after.
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