23 Nov Are you frustrated using QuickBooks Online in your law firm?
Ask yourself, are you in the correct version? ...
4700GROUP Blog
accounting information and resources for the legal industry23 Nov Which QuickBooks Online version is right for your law firm?
QuickBooks Online (QBO) comes in four subscription levels....
06 Aug Are you ready to run your firm’s profit & loss report?
Do you review your monthly Profit & Loss report, or does the report have little use to you? Let's talk about what your monthly profit & loss tells you about your firm. Typically at the end of the month, after all, bank accounts have been...
14 Jul When will your firm run out of cash?
The economically challenging times we are experiencing are the result of things outside our control. However, there is one question we are consistently being asked, 'How do I know when the money will run out?' or 'How can I calculate how much time I have...
09 Jun Are your firm’s financial reports only telling you what happened?
Is your firm using financial reports that only measure what happened in your firm last month or last year? That's like driving your car looking in your rearview mirror – it's dangerous. It's easy to measure what has happened. They are events that took place. Just...
12 Mar Legal Fees – Not Deductible ?
If you are involved with lawsuit settlements, this Forbes article is worth the quick read....
29 Aug Is It Tax Deductable?
To quote Steven Chung, a practicing tax attorney in LA, “When preparing tax returns, most lawyers send their financial books to their tax preparer and let them handle the rest. Unfortunately, some simply add up the numbers and input them to the tax return without...
01 Aug What Are Financial Reports?
Financial reports tell the story of your firm. Think of each report as a storyteller. The accuracy by which they tell your story is based on the accuracy of your recordkeeping. The three primary storytellers are the Income Statement (also called the Profit & Loss), the...
03 Jul Clio Cloud Conference 2017
September 25th & 26th - New Orleans 1,000 Lawyers | 50 Speakers all in 2 Days ! Clio knows how to share world-class knowledge and create unparalleled networking events designed to nurture your mind, body, and soul. Learn more about Clio and register here....
19 Apr Client Billing Policy
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...
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