In this interview with Matt Lescault of Lescault and Walderman, we discuss the impact of outsourcing on the financial management practices of law firms. From navigating regulatory standards to harnessing cutting-edge technologies, Matt provides valuable insights into the evolving landscape of outsourced accounting services tailored for the legal industry. How has outsourcing specifically impacted [...]
“Clients do not come first. Employees come first. If you take care of your employees, they will take care of the clients.” – Richard Branson, CEO and Founder of Virgin Group Recruitment can be a drag. It eats up time and costs that can be used more effectively elsewhere. Enter staffing agencies that specialise [...]
“The riches are in the niches.” – Pat Flynn Law firms must use specific financial management systems to ensure a long and profitable future in compliance with industry-specific regulations. Cloud-based accounting software has solutions that effectively - and accurately - track revenue, manage expenses, and help you make informed decisions. Here are some key principles [...]
“Success is nothing more than a few simple disciplines, practiced every day.” – Jim Rohn What Is A Chart of Accounts? A chart is a map. A chart is also a document that provides information. This is relevant because a Chart of Accounts (COA) is like a map of a company's finances, which happens to [...]
“Accounting is the art of turning chaos into clarity and confusion into financial wisdom.” – Michael Carter. Healthcare organizations' sole aim is to make people feel physically or emotionally better. The thing is, quality care has a price tag. It actually has more than a price tag; it has a range of financial transactions and regulations [...]
“All earnings are not earned equally.” ― Hendrith Vanlon Smith Jr, CEO of Mayflower-Plymouth. Properly managed finances are essential to keep healthcare organizations running smoothly. This makes healthcare accountants indispensable as they ensure organizations are compliant with all relevant regulations. Their expertise also keeps organizations fiscally responsible, identifies growth opportunities, and develops strategies to capitalize on [...]
“The people who are crazy enough to think they can change the world are the ones who do.”— Rob Siltanen. Without nonprofit organizations (NPOs) vulnerable people and communities would remain disenfranchised, with their social, cultural, and environmental needs unmet. Luckily, there are NPOs that provide these support services. The thing is, they also need support [...]
"A lawyer without books would be like a workman without tools." – Thomas Jefferson. You didn't spend years investing blood, sweat, and tears into your law degree only to be undone by accounting. Luckily you can turn to sophisticated accounting and bookkeeping software specifically for law firms. Here's how accounting and bookkeeping software keeps [...]
Navigating Legal Trends in 2024 Technology is reshaping the legal industry and lawyers must adapt if they're to meet clients' shifting expectations. It's important to keep up with changes resulting from new developments. Clio's tools help lawyers navigate the changing landscape. Their software renders manual processes redundant and, more importantly, ensures compliance with federal and [...]
Every start-up, or even a division within a company that has an idea for something new, should be figuring out how to use cloud computing in its plan.” – Brad Jefferson, Animoto CEO Introduction Accounting has shrugged off its reputation for being boring. It’s getting more exciting as technology and software become increasingly sophisticated. [...]
