Posts tagged #bookkeepingforlawyers
Bookkeeping for Lawyers - Overcoming the Trickiness of the Trust account and how to Record income, Trust Liabilities and Reimbursable Case Costs Correctly.
Bookkeeping for Lawyers - Overcoming the Trickiness of the Trust account and how to Record income, Trust Liabilities and Reimbursable Case Costs Correctly.

It has become apparent over the last few years that not all bookkeepers know how to correctly record income that Lawyers received if they are paid a retainer. Here are three examples of how to record income correctly if (1) you receive a retainer and record all income to one category, (2) you receive. a retainer and record income earned to different categories in stages or (3) you are paid after the settlement of a case.

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Bookkeeping, Quickbooks OnlineJulie Callahan#financial, #entrepreneur, #trustaccounts, #bookkeepingforlawyers, #accurateinformation