Archive for Accounting – Page 2

New and Improved in Clio

The options for Cloud based legal billing and practice management software are constantly changing as new features are added and products mature.
If you are considering Clio, here’s a look at what has changed since I last wrote about Clio.

Trust Accounting 101 – The Fundamentals

While I have written about trust/IOLTA accounting before, it is one of the top areas of concerns for law firms. In this article I discuss the basics. Future articles will discuss three-way reconciliation and how IOLTA accounting is handled in various legal billing and accounting solutions.

Timeslips and QuickBooks a case study

QBPluggedIn is a resource for business owners looking for solutions. in this issue you can read my article “Sage and QuickBooks are Shaking Hands Daily for this Lawyer”, along with articles on transitioning to the cloud, maximizing business efficiency and much more.

Conversion Pointers

Thinking of converting? It is rarely easy and getting the data converted is only one part, you also need to set aside time and funds for training.
If you will be involved in a conversion, there are some important things to consider. Even if you aren’t doing the conversion work, these pointers may smooth the process and help you understand any limitations. Please check out my article at Insightful Accountant Conversion Tips

QuickBooks 2017 – Coming Soon!

QuickBooks 2017 is scheduled to start shipping before the end of September.

If you are running QuickBooks 2014 or below, you should update as you are not on a supported version. If you are running a newer version, then you should look at the new features and decide if upgrading makes sense for you.

  • Scheduled Reports – the ability to automate sending reports via email at scheduled times
  • Search Enhancements – making it easier for you to find the information you want with search and filter improvements
  • Report Improvements – view and print information showing the filters used to accurately communicate what is in the report. More easily select multiple records
  • Security Improvements
  • Minor Features/Improvements
    • Record Deposits icon will now show the number of deposits waiting. This can help reduce problems in the undeposite funds account
    • Cleared flag on your credit card charges
    • Company name prints on the deposit summary
    • Copy / Paste detail lines on weekly timesheets
    • Multi-user to Single-user Mode Enhancements – built-in option with real time chat to logged in users to make it easier to get users out
    • High Resolution Monitor Support

There have also been a number of other improvements that are limited to QuickBooks Enterprise.

If you would like more information on these enhancements, please contact me, or read the articles by William Murphy at the Insightful Accountant or by Charlie Russell at the Accountex Blog.

William Murphy – QuickBooks 2017 New Feature Tour

William Murphy – Scheduled Reports

William Murphy – Search Enhancements

William Murphy – Report Improvements

William Murphy – Minor Features/Major Impact

Charlie Russell – QuickBooks 2017 Has Arrived!

Charlie Russell – QuickBooks 2017 Scheduled Reports



Top 10 Challenges of QuickBooks for Law Firms

Recently I did a webinar, sponsored by Cosmolex on the Top 10 Challenges of QuickBooks for Law Firms.

Are you are a law firm currently using QuickBooks and wondering if Cosmolex, or something else would be better?

Are you thinking about using QuickBooks?

If so, you might benefit from watching this recording of the webinar. I review the top challenges and provide some suggestions on dealing with them in QuickBooks.
At the end Cosmolex shows how they deal with the issues. If you are not interested in Cosmolex you can just end your viewing. But, whether or not your are interested in Cosmolex, the webinar will help you understand the limitations of QuickBooks for law firms and make a more informed decision

The recording can be found at

Questions after viewing – please contact us for help.