by Lynda Artesani | Mar 13, 2022 | Financial Statements/Distributions, General Tips
We are in mid-tax season. As an attorney, you might be looking at your records and your bottom line and thinking…. “where did all the money go?” Maybe you ask your tax professional, and they go into depth about a line of credit, loan, or something you have on the...
by Lynda Artesani | Feb 20, 2022 | Chart of Accounts, Financial Statements/Distributions, General Tips
One of the things I love about collaborating with other accountants and bookkeepers is learning new trade tricks. The last few weeks have been narrowly focused on how to clean up your client files. This week is also similar as one of the final steps in the cleanup is...
by Lynda Artesani | Dec 26, 2021 | Financial Statements/Distributions, General Tips
There are several types of entities that we typically see law firms drawn into. In the US, they are taxed differently, and it is important to be aware of this when considering your law firm’s structure. Below we will break down the different entity choices: Sole...
by Lynda Artesani | Dec 19, 2021 | Cleanup, Financial Statements/Distributions, General Tips
With so much going on for every client, it can be hard to stay on top of everything. In the past, I had a strict process that I developed to close out client files monthly. Now, we have a feature and I try to use the month-end review tool to finish specific tasks in...
by Lynda Artesani | Oct 17, 2021 | Compensation Reporting, Financial Statements/Distributions, General Tips, Other, QuickBooks
How we use Advisory Services with our Law Firm Clients As mentioned in the earlier posts, I am winding down the road of the courses I will be teaching or co-teaching at the Scaling New Heights accounting conference in Ft. Worth, Texas, on October 24 – 27th....
by Lynda Artesani | Jun 13, 2021 | Financial Statements/Distributions, General Tips
As any law firm executive knows, tracking metrics is crucial to drive return on equity and maintain profitability. It can be a painstaking process that can be time-consuming and difficult to implement. It’s not easy to determine which data is important and which is...
