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Bookkeeping Basics

2 articles in this category.

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.
May 22, 20264 min readRead
Bookkeeping 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.
March 14, 20264 min readRead

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