Category Archives for General Tips

Law Firm Accounting, Just One Piece of the Pie

I was pondering all the activity that’s been going on in the Facebook group I co-founded with Matthew Fulton called QB Community Live!, where we mentor other accountants, and I began to wonder…  What kind of community (if any), exist for our Attorneys and Law Firms for whom we serve? Accounting services are just one […]

Continue reading

Law Firm Accounting, …What? A Second Helping of Pie?

Let’s pick up where we left off with ‘Law Firm Accounting, Just One Piece of the Pie‘, everyone likes a good spin-off right?! …I adored the sitcom, Frasier, almost as much as I adore people reaping the benefits of outsourcing. Social Media – Here’s another thought I had… “just hand it over already.” “When it’s […]

Continue reading

Deep Dive into Fathom – Goal Seek Report

Back for part two on my series on the app, Fathom, which is part of QuickBooks Online Advanced.  I’ve been fortunate to be using this strong combination of tools in my practice.  To access part one of this series, click here.     Last week we investigated the set up of Fathom. And we played […]

Continue reading

Diving Deep into Fathom for QuickBooks Advanced

Are you ready to dive into Fathom and QuickBooks Online Advanced?  If you are like me, I like to learn as much as possible on something new.  Unfortunately for Fathom, there is very little content or how to’s.     If you are brand new to Fathom or are just discovering it because you took […]

Continue reading

Cash or Accrual Basis??

I love the T-shirt that says “ it’s accrual world.” A little spin on the accounting term accrual. One of my favorite questions to ask a new client when I onboard them is, “Are your books done on a cash basis for an accrual basis? I have found most of the people that I work […]

Continue reading

Negative Cashflow Pro Bono No-No

​It rhymes AND it makes good sense! LOL!  Note:  Happy Labor Day weekend!  I am taking a pause from the series on how to work with your first attorney client this week.  That series will resume next week!     You’ve heard the term pro bono before and you know what it means… You’re workin’ […]

Continue reading

Working With Attorneys: Trust Accounting

Trust Accounting

This article is for the person who just picked up a brand new law firm client and has no clue where to start. Trust accounting can seem scary. Also, what is all this terminology???? Trust accounts, retainers, matters, advanced client costs, and an Iolta account? What does it all mean? Well, it is super important […]

Continue reading

My Lawyers are NOT Guilty

..of these very common Law Firm Accounting mistakes.   There I was, cruising the web for a little writing inspiration and suddenly… I was hooked! “Solo and Small Law Firm Accounting Issues” posted by FindLaw.com. Now THIS resonates!!!       These common mistakes, described by FindLaw are often the cause of many critical financial […]

Continue reading

Why Use a Bookkeeping Service?

Here are Your Top 4 Reasons Last week I was blown away by the love and comments I received on the post about my Yoga Training.  I can happily share that I passed the test and can now add 60 more hours to my goal of becoming a yoga therapist 500 hr certified!      […]

Continue reading