Posted by MTC April 5, 2022
Consider trusted solutions like LawPay’s payment processing software, which includes built-in compliance. While accrual accounting is great for looking ahead, it’s not an ideal method for monitoring your cash flow or seeing how much cash you have. It’s also more complex and may require additional accounting staff to manage. Law firm accrual accounting is …
Read morePosted by MTC April 15, 2020
It’s also about finding ways to help you achieve personal, financial, and life goals. And when you achieve those goals, you better believe we’re over here doing cartwheels to cheer you on. Ashley Dean joined Harper & Co CPAs Plus in 2025 as our Front Desk Coordinator, bringing more than 20 years of experience in both photography and finance. With 10 y…
Read morePosted by MTC April 24, 2020
To do this, you’ll first compare the bank statement with the trust account ledger to ensure all entries match. Then, compare the bank statement with each client ledger to ensure they also match. You must regularly reconcile accounts to comply with IOLTA requirements and maintain an accurate picture of your law firm’s finances. Master three-way reconcili…
Read morePosted by MTC March 24, 2021
From there, ensure that all stakeholders involved align on the problem to be solved (i.e. We want to be better at patient collections, We want to be better at open patient A/R, etc.). Unwarranted write-offs are considered “forgiveness” of a customer’s debt without payment. But write-offs—even the seemingly inconsequential ones—have a concerning impact on …
Read morePosted by MTC February 26, 2020
There’s another company called Accounting Seed which is based on Salesforce, which I’ve seen once or twice. This is one of those things where if you’re using Accounting Seed, it probably works but you’re probably also probably limiting your pool of exceptional accountants that you can work with. And we have to remind these clients that the best accountant…
Read morePosted by MTC February 26, 2020
There’s another company called Accounting Seed which is based on Salesforce, which I’ve seen once or twice. This is one of those things where if you’re using Accounting Seed, it probably works but you’re probably also probably limiting your pool of exceptional accountants that you can work with. And we have to remind these clients that the best accountant…
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