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, [...]

Law Firm Books Aren’t Just For Taxes

How many times have you made it to the first quarter of the year, only to realize your financials aren’t ready for your taxes?  Countless times, right?!?!  Don’t beat yourself up; this is common amongst many law firms.  Attorneys get so caught up in working on their client cases that the financials tend to [...]

By |2020-10-26T17:22:31-05:00February 6th, 2020|Law Firms|2 Comments