Law Firm Bookkeeping by Practice Area

First, let’s start by saying that outsourcing your financials isn’t nearly as expensive or as costly as an accounting mistake. Bookkeeping alone is a complex process. Bookkeeping for law firms increases the complexity ten-fold as it requires familiarity with individual state guidelines and understanding how each law firm operates. Part of the complexity [...]

By |2020-10-26T18:43:21-05:00October 26th, 2020|bookkeeping, Law Firms, Trusts|0 Comments

Accounts Receivable and Collections Management in the Time of COVID

At MVO Resources, our law firm clients consistently report that one of their biggest challenges is maintaining a healthy cash flow. Law firm cash flows are often indicative of timely payments from clients. Add a global pandemic like COVID, and this task can feel almost impossible. Why is that? To understand, [...]