by profitsolv | Feb 7, 2024 | Accounting practice management, Cosmolex
In general, simplicity is an underappreciated virtue. But think about it: the simpler your system, the fewer ways it can go wrong, either because of technical glitches or human error. In addition, when things do go wrong, the source of the problem is easier to...
by profitsolv | Feb 7, 2024 | Accounting practice management, Cosmolex
Running a law firm is a complex undertaking that requires a lot more than filing briefs or showing up in court. From managing cases to meeting with clients and keeping up with all your firm’s administrative processes, tasks and processes can slip through the cracks. ...
by profitsolv | Jan 31, 2024 | Accounting practice management, Cosmolex
In the complex world of legal practices, trust accounting is a critical component of the financial success of a law firm. It’s also frequently misunderstood. More than just another mundane aspect of bookkeeping, trust accounting creates the foundation for financial...
by profitsolv | Jan 24, 2024 | Accounting practice management, Cosmolex
Handling client funds demands a great deal of responsibility and attention to detail. To adequately manage client funds, you need a comprehensive understanding of legal accounting. It comes as no surprise that this involves a lot of factors. Sometimes, it helps to...
by profitsolv | Jan 17, 2024 | Accounting practice management, Cosmolex
When it comes to trust accounting, maintaining compliance with your state’s requirements is of the utmost importance. And yes, you probably already knew you have to remain compliant, but as any practicing attorney can attest, maintaining trust accounting compliance...
by profitsolv | Jan 17, 2024 | Accounting practice management, Cosmolex
Should your law firm pass the baton of credit card processing fees to your clients, or bear the burden itself? This question gets at the heart of surcharging decisions faced by law firms that are considering whether to offer digital payments. While allowing clients...