by Lynda Artesani | Feb 6, 2022 | General Tips, IOLTA/Trust Accounts
The interest on a lawyer’s trust account, commonly known as IOLTA, is one of the most mysterious accounts in attorney’s chart accounts. Yes, we know it’s a bank account; we know that there’s interest, but we’re not sure how to put that...
by Lynda Artesani | Oct 24, 2021 | Accounts Receivable, Cleanup, Clio, General Tips, IOLTA/Trust Accounts, LeanLaw, Other, QuickBooks, Work Processes
When I think of balance, I always think of my yoga practice. When you work with attorneys and live in a world of compliance, you know that balancing one or two or even three trust accounts is no easy feat. There are many reasons why trust accounts become unbalanced....
by Lynda Artesani | May 9, 2021 | Client Costs Advanced, General Tips
As you dig deeper into trust accounting, this is the age-old question. Why is my trust accounting not balanced? We see this all the time with clients. They’ll tell us that their trust account is balanced and they reconcile the bank. But just by reconciling the bank,...
by Lynda Artesani | May 2, 2021 | Client Costs Advanced, General Tips
If you just landed your first attorney-client, you may be struggling with some of the terminologies: think IOLTA, what the heck is that? Trust Accounting, is that an IOLTA? And what are the best practices around trust accounting? Perfect Structure The...
by Lynda Artesani | Apr 25, 2021 | Client Costs Advanced, General Tips
A couple of week’s ago, I wrote an article was all about Direct/Hard costs when working with attorney clients. This week we are going to dive into what Indirect/Soft Costs are. These expenses are fees that are law firm overhead and are expenses that are...
