Avoiding Common Billing and Accounting Pitfalls

When it comes to the practice of law, “the devil is in the details”.  But when it comes to running a successful law practice, “the devil is in billing, bookkeeping, and accounting”. The billing process is complex, with many details going into even the simplest client matter, and law firm business and trust accounting requires special handling for everything from client payments to bank account reconciliations.  Keeping your firm’s financial workings in order is essential.  You need a billing setup that eliminates leakage, ensures good cash flow, and fosters good client relationships.  You also need accounting procedures that keep you current, compliant, and “audit-ready”.  There’s no room for error when it comes to the financial side of your practice -- because even unintended oversights can close down a law firm or end a career.  Make sure your firm’s billing, bookkeeping, and accounting are all they need to be.   

This CLE is approved for credit through November 16, 2018.

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Rick Kabra, Ph.D., is the CEO of CosmoLex Cloud, a web based law practice management system designed for small law firms. Rick has a Ph.D. in Electrical Engineering and has over 12 years of experience in the legal software industry catering to the specialized technology needs of small law firms. Rick has given over 100 seminars and published numerous articles on legal technologies related to law office management, cloud computing, and legal billing, business & trust accounting compliance issues.  Rick’s passion is to help attorneys use technology to simplify their law firm operations. Under his watch, CosmoLex platform has grown to include practice management, billing, business accounting and trust accounting functions and is being used by small law firms in all 50 states.  

CLE Credits:

1.0 Ethics CLE Credit approved | Event Code: 231102

MSBA Members:  $29.95
Non-MSBA Members:  $64.95



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