Bookkeeping

Financial reporting helps you make data-driven decisions, minimize losses, and maximize profits. The distinction between legal accounting and general accounting lies in the nuanced understanding of legal regulations and the ethical considerations specific to the practice of law. Legal accounting is not just about bookkeeping or financial management; it’s about ensuring that every financial transaction …

Legal Bookkeeping: #1 Bookkeeping Services for Law Firms or Attorneys Read More »

These are detailed accounts for each client, tracking all financial activity related to their case. Ledgers include retainer fees paid, billable hours worked, expenses incurred on the client’s behalf, and invoices sent. Implement a robust system to track billable hours accurately to ensure fair client billing. This fosters client trust while ensuring your firm receives …

5 Best Accounting Software For Small Law Firms A 2026 Guide Read More »

In real life, cash flow calculations are much more complex because adjustments need to be made. For instance, income statement calculations are prepared on an accrual basis and so the amounts cannot be directly used to calculate cash flow. If you consistently have a positive cash flow, then your cash flow trends are positive. Having …

Cash Inflow vs Outflow: Examples, Differences & Analysis Read More »

This deduction is available even if you don’t itemize – it’s an “above the line” deduction that reduces AGI. For example, if you pay $15,300 in self-employment tax (15.3% on $100,000 net earnings), you can deduct $7,650 from your income, saving approximately $2,300 in federal taxes if you’re in the 30% combined bracket. This deduction …

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Accounting is a dynamic field that continues to evolve with changing business landscapes and technological advancements. Today, cloud-based accounting software and automation tools have revolutionized the way startups manage their finances. These tools streamline processes, reduce errors, and provide real-time insights into the financial health of the business. Its foreign exchange management platform allows individuals …

Top 10 Best Banks for Startups 2025 Read More »

Learn how your firm can participate in upcoming state rankings and showcase your expertise to potential clients. Proper compliance with the pre-suit process is frequently disputed and often resolved by the appellate courts. Recent case law, including a decision issued last week by the Fifth District, suggests that pre-suit is evolving from a screening mechanism …

Bookkeeping & Accounting Services Miami, Florida Read More »

Healthcare organizations using Basware can expect faster invoice approvals, higher automation, and better control over spend. For example, providers have cut approval times from 15 days to just 3, reduced exceptions Opening Entry by over 70%, and achieved up to 89% touchless invoice processing. The result is greater AP team productivity, lower costs, and improved …

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There’s no one-size-fits-all, but tools like QuickBooks, Xero, and Zoho Books are widely considered among the best accounting software for small business. If you need help managing inventory or want integrations with POS and CRM tools, look for online accounting software for small business that scales with you. QuickBooks is generally better for small businesses, …

Best Accounting Software for Small Business of 2025 Read More »

For law firms, it’s critical to select software or services that address the unique demands of legal practice. Accurate financial tracking in law firms is crucial for maintaining profitability and transparency. It helps identify areas where costs can be reduced and revenues increased. Rinse, Repeat, Regret: Three Financial Errors That Law Firm Owners Make Over …

What Are the Three Bank Accounts Every Law Firm Should Have? Read More »

With a focus on accuracy and efficiency, the company offers comprehensive financial solutions to help clients manage their finances effectively. Our team combines expertise with a passion for helping clients achieve their financial goals. We pride ourselves on delivering exceptional service and personalized support for every client. Discover how Kingdom Bookkeeping helps small businesses thrive …

Bookkeeping Services near Abilene, TX Better Business Bureau Read More »