Establishing a solid client billing policy is the first step to collecting your fees in a timely manner. This is the cash you'll need to pay your bills, and yourself, for work you have already completed. A policy does not have to be elaborate but it does need...
In a study of 309 US law firms by LexisNexis, 60% of firms report spending 8 hours on client billing each month, 25% claim as many as 16 hours were spent. Client billing is a necessary cost, but be sure to take into account that small firms...
September 19th & 20th Two full days of Clio training. Face time with Clio support personnel and third party add-on companies. Clio knows how to share knowledge, make connections and have a good time. Come join us! Learn more about Clio and register here. ...
As a small legal firm, taking on additional overhead costs can hurt the bottom line and when evaluating any cost, it is always good practice to consider the return on investment (ROI). ROI is simply the net gain of an investment divided by the cost...
Is QuickBooks Online (QBO) just mobile QuickBooks? No, it’s not...
Our President and CEO Gale Kirsopp has been featured in an article over at the Business of Law Blog titled Sage Small Law Firm Accounting Advice from an Expert. In this article Gale highlights accounting challenges law firms face and the reasons why seeking an accountant can...
What is a Cash Flow Statement? A Cash Flow Statement measures the movement of cash flowing into and out of your firm over a specific period of time. Do I really need to use one? In short, yes. You may remember our earlier discussion on Cash vs....