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CosmoLex
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Learn how class-based accounting can improve your practice by empowering you to make intelligent business decisions based on clear data. https://www.cosmolex.com/blog/law-firm-accounting/better-business-intelligence-through-class-based-accounting/
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Here are the top ten points for Canadian law firms to consider before making the switch to a cloud-based practice management system. https://canada.cosmolex.com/what-canadian-law-firms-need-to-know-before-upgrading-their-software/
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Law firms are bound by very different rules and requirements than most other businesses. Their unique operations are guided by various compliance standards and even a simple activity like moving trust bank accounts from one bank to another can quickly become complicated. https://www.linkedin.com/pulse/how-prepare-changes-your-trust-account-part-2-rakesh-rick-kabra/
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[LPM Tech Tips] Your firm should find practice management solutions that take your jurisdiction’s rules and regulations into account. https://www.cosmolex.com/blog/attorney-trust-accounting/tech-tip-208-compliance-rules-can-make-or-break-your-law-firm/?a_aid=sm-tech-tip
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In the legal world, compliance is key, and a law firm’s accounting is no different. Failure to remain compliant could result in stiff penalties for law firms, even disbarment. https://www.cosmolex.com/resource-center/business-accounting/five-pitfalls-legal-accounting/
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The common challenges associated with using QuickBooks for legal accounting, and why choosing a legal-specific accounting alternative might be the best move for your firm. https://www.cosmolex.com/blog/law-firm-accounting/finding-a-quickbooks-alternative-for-your-law-firm/
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10 Do's & Don'ts of Legal Trust Accounting. Including details about understanding local compliance regulations and which reports are needed for an audit.
http://ow.ly/E11V30kUvFY
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Best practices for avoiding compliance issues when getting paid and tools that can help to keep your firm in check. https://www.cosmolex.com/blog/legal-billing/avoiding-compliance-issues-when-getting-paid/
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"When handling a law firm’s accounting, you will encounter two classifications of costs. It is imperative that a law firm is able to differentiate between Direct and Indirect costs." https://www.cosmolex.com/resource-center/business-accounting/tracking-direct-indirect-costs/
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