Keep it safe, separate, and untouched until it’s properly disbursed. Everything else (your revenue, firm capital, etc.) lives in other accounts. This bright-line separation is the core concept of trust accounting. Law firm accounting solutions include services like trust accounting, billing, payroll, financial The Importance of Expert Bookkeeping for Law Firms reporting, and compliance support. […]

As a small business, you can improve your financial planning and performance by increasing the accuracy of your financial statements, empowering you to make better business decisions. T-accounts are often used to help visualize the debits and credits for each account. A trial balance is a list of all the accounts in the general ledger […]