CPN Blog

Summer Series Tools for Understanding Your Firm’s Profitability: Part II- Your Reports

Now that we have gotten your Chart of Accounts organized with Part I of our Summer Series, it’s time to dig into Tools for Understanding your Firm’s Profitability. Using information you already have, you can easily understand your profitability and all the pieces that go with it. All the reports we review in this post …

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Summer Series Tools for Understanding Your Firm’s Profitability: Part I- Chart of Accounts

This summer, we’ll be focusing on the tools you need to know when it comes to determining your firm’s profitability. As a practice owner or managing partner, it’s easy to get into a routine for handling your business processes. These tools can help you evaluate whether your routines and SOPs are boosting your profitability or …

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Making the Most of Your Budget

This month, we’re sharing a few of our favorite budgeting tips. Bookkeepers and accountants love a good budget.  Not sure how to use it? Here are 5 best practices to get you started! Link your budget to your firm’s overall workflow. There are a lot of potential applications to this tool. Focus on the pieces …

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Best Practices for Legal Billing and Getting Paid

In September 2021, Peggy sat down with our friends at Legalboards to share a few Best Practices for Legal Billing and Getting Paid. Check out the replay below!

Handling Settlement Funds in Clio and QuickBooks

Handling settlement funds correctly has a distinct flow. Not sure how that flow should go? Don’t worry! We’ve put together these steps to walk you through the process. DOWNLOADABLE VERSION Onward to the steps! All settlement funds must be deposited into firm’s IOLTA account and verified as cleared deposits before checks are written against funds. …

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