Understanding Fraud and Email Spoofing: How to Protect Yourself With more and more of our business and livelihoods moving online, fraud and email spoofing are only increasing. These malicious threats not only put your personal information in jeopardy but can also pose significant risks to business. Understanding how these scams work and learning to
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How Effective is Your Client Intake Process? Law firms never reply to 64% of voicemail leads that are sent to them. Why? One reason is that many firms – and businesses in general – lack a robust client intake process that saves them time and money. And, whether you’re starting a new firm or have
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Automate & Accelerate: Effortless Invoice Management for Small Law Firms Invoice management for small law firms can mean the difference between having the cash flow to hire new lawyers or paralegals, market and grow your firm and struggling to keep the lights on. Cash flow and invoice management impact businesses across industries: 20% of invoices
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5 Profitability Strategies for Small Law Firms As a whole, law firms started 2023 with struggling financials, but by the end of the year, profits rose as demand rose 2% year over year. Certain sectors of the industry rose more than others, such as the demand for bankruptcy lawyers rising more than 6%. Two main
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Guide to Ethics: Trust Accounting for Lawyers Trust accounting is crucial for lawyers and their firms because it keeps funds separate. The American Bar Association also has the Model Rules for Lawyers’ Fund for Client Protection, which, while not perfect, attempts to create a higher standard of ethics for lawyers. We’re going to dive into
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I often am asked, “What exactly does it look like to be a cloud accounting department?” So in this blog, let’s talk about it. What exactly does it look like to be a cloud-accounting department? Your accounting department uses web-based software, a.k.a. you utilize cloud accounting software The first sign that you’re a cloud accounting
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Spring Cleaning Your Finances The rain and flowers cue us that spring has arrived, and a sense of renewal and refresh comes with it. It’s the perfect time to open the windows, clear out the clutter, and breathe new life into your surroundings. But while you’re decluttering the garage yet again, don’t forget about another
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Revenue Recognition for SaaS: Challenges and Best Practices The U.S. has 9,100 SaaS companies, and this number is likely to continue rising. Software-as-a-service is a hot commodity because it eliminates the need for hosting and scaling for consumers or businesses, and the subscription model is very popular. But there’s a problem for new entities: revenue
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Why Cloud Accounting Software Nowadays, the accounting software programs and processes that many of us use in accounting departments are accessed by logging into a web browser and using cloud-based software apps that integrate with each other via the internet. We call this Cloud Accounting. Cloud Accounting Software Cloud-based programs and processes have changed the
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101 Guide to Accounting for IT Companies Information Technology (IT) is one of the fastest-growing industries in the United States, with more than 585,000 tech companies operating in the country. While these companies are known for their rapid growth, they also face a number of challenges when it comes to accounting. Understanding these challenges, following
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