10 Common Quickbook Questions

From reconciling your accounts to creating employees’ W-2 forms, QuickBooks is a user friendly solution to most, if not all, business accounting needs. If you’re looking for small business accounting software, QuickBooks is one of the best options available. To learn a bit more about QuickBooks, below are 10 commonly asked questions about the software … Read more

Avoiding Fees

When a bookkeeper has been in business for a few years, she will start to see trends in her clients’ records.  One of the big trends is how much is spent on fees of all types.  Many of these fees are very high, and account for a large portion of the overall spending.  Legal office … Read more

Retainers

Why use Retainers? As an attorney, you deserve to be paid for your knowledge, time, and reputation.  The best way to ensure a great attorney-client relationship is to collect retainers at the beginning of any engagement that involves court appearances or ongoing work.  Many businesses are not run this way, but the legal field is … Read more

Payroll in Your Law Firm

Once an attorney successfully begins a practice, she will want to set up payroll for herself and any staff or partners she brings on. Many times the process can seem daunting, but if a few steps are taken to do things correctly, payroll does not have to be difficult. Step 1 – Collect employee information … Read more

What is an IOLTA Account?

Attorneys usually receive a large retainer before beginning a legal case.  The money is required up-front to ensure that their hard work will be paid for and that the client won’t have to scramble to meet payment deadlines along the way. The retainer funds do not belong to the attorney.  They must be placed into … Read more

How to Be Audit Ready in Your Law Practice

Attorneys run complex businesses, with varying financial records that can boggle the minds of other business folk.  The IRS knows that these businesses are difficult to manage, keep track of, and file taxes accurately on a consistent basis.  For several years, it seemed to be the goal of the government to actually target attorneys for … Read more