The Remote Law Firm
Our firm has been remote-based since 2008. We’ve been doing virtual meetings with our team internally and with our clients for years now. We are familiar with the current tools to be remote, like Zoom, I have the Yeti microphone, have the ring light and green screen. We are proud to say that Artesani Bookkeeping […]
Continue readingNever, never, never give up…
“Never never never give up” – Winston Churchill -“Never, never, never give up” is a quote from Winston Churchill. As I take my walk today, I started to think about my clients as this economic downturn happens and find ways to help them. Trying to stay positive and thinking of this as a bump in the […]
Continue readingWhich is better!? Cash vs Accrual Accounting
Entrepreneurs are often confused by the different accounting methods used to run a business. Have you found yourself wondering if you should be on a different method of accounting, asking yourself: Which is better Cash Basis or Accrual? Take comfort in knowing that you’re not alone in trying to figure this one out. The main difference in […]
Continue readingCan I use QuickBooks for my Law firm practice?
When I chat with attorneys, especially with the single attorney type of practice, they ask me this question all the time. “Can I just use QuickBooks alone to run my firm to track my trust accounting?” The simple answer is yes, it’s entirely possible to do that. But the real question is, how much time […]
Continue readingComparing QuickBooks Online: Which QuickBooks product do I choose?
Comparing QuickBooks Online Subscriptions can be tricky. You don’t want to overbuy. This is a question I get asked all the time. It sometimes is not very clear, and the instant reflex is to pick the least expensive SKU. My first inclination is to refer people to the Intuit’s website on the page that […]
Continue readingTea and Cookies & with the IRS? Avoiding IRS Pitfalls
It’s tax season! ….“UuuuggGH!” If that’s how you and your law firm associates are feeling these days, I get it. Totally understandable. After all, you’re the superheroes that sort out complicated messes, save people’s houses from being foreclosed upon and often untangle the most mysterious of stories (…only to find “it was the Professor […]
Continue readingTrust Accounting and the Negative Nellies
Who is Negative Nellie? It could be argued that many attorneys would know, especially while representing some rather over-the-top-disgruntled clientele. In addition to the attitude of that particular client, any client who also has a negative balance on their trust account could be considered “negative” as well. LOL! 😉 […]
Continue readingIOLTA Interest on Lawyer Trust Accounts – Law Firm Accounting
IOLTA is an acronym for “Interest on Lawyers Trust Accounts.” An attorney who receives funds that belong to a client must place those funds in a trust (bank) account separate from the lawyer’s own money. So the law firm will have an operating checking account and a Trust checking account. Lawyers deposit the funds into […]
Continue readingWork in Process – Law Firm Accounting
Work in Process (WIP): Who knew you could rely on an 80’s rock band to impart such inspiration for law firm accounting? A WIP report is something you can find in LeanLaw reports, and it stands for “Work In Progress”! The WIP report is a valuable commodity that can be used as collateral to obtain […]
Continue readingNew Year New YOU, Thanks to Budgeting
2020 is the year to have a BIG vision. It’s also the year your big vision may require BIG TIME budgeting skills because seeing your financials clearly is what makes your everyday activity result in prosperous outcomes. Have you taken the time to work on your new business plan? Have you built out a budget […]
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