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See our breakdown of what law firm bookkeeping services should include. Reconcile bank statements and trust account balances regularly to identify discrepancies, prevent financial discrepancies, and keep trust accounts in compliance. Financial forecasting uses historical data to predict future revenue, expenses, and cash flow. This helps you anticipate slow periods, plan for hiring, and make informed business decisions. As a law practice, you have a fiduciary duty to your clients, as well as an ethical responsibility to properly handle the […]
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