While proper reconciliation is the standard for how law firms should handle all financial accounts, it is particularly important—and often required—for the management of trust accounts. Bank reconciliation is an accounting process where historical cost definition you compare your bank statement with your own internal records to ensure that all transactions are accounted for, accurate, […]
For instance, travel-related expenses like airfare, travel meals, car rentals, lodging, etc. Or other business expenses like meals, office supplies, or mileage when an employee uses his vehicle for business travel. Here at FreshBooks, we’ve developed a handy template for small business owners looking to save time when it comes to tracking expenses. It’s completely […]
One thing firms have started to realize is that there’s no bottom. There’s always going to be a firm willing to pay more. I have been hearing across a lot of different firms that they anticipate that bonuses are going to be higher than they have been in the past. It was popularised in the […]