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The Missing Link: Keeping Clio and Xero in Sync

The Missing Link: Keeping Clio and Xero in Sync

by Diana Halenz | Nov 20, 2015 | Clio, Law Firm Accounting, Xero

In Mid-October, I noticed that although the attorneys that I work with were approving bills in Clio, they were stuck in Draft in Xero. “That’s no problem, I’ll just approve them manually in Xero” I thought. Then I noticed that changes in Clio to any bills in draft...
Software Selection for a Law Firm

Software Selection for a Law Firm

by Diana Halenz | Nov 18, 2015 | Business Management, Clio, IOLTA, Law Firm Accounting, Law Firm Practice Managment, Xero

As a technology-loving accountant, I am frequently asked for recommendations for software to do this or that, including the “perfect platform” for a business or law firm. The answer is: there isn’t one. There is no one size fits all answer to the...
Common IOLTA and Trust Accounting Errors

Common IOLTA and Trust Accounting Errors

by Diana Halenz | Sep 24, 2015 | IOLTA, Law Firm Accounting

Accounting for law firms requires an understanding of some specifics around how to account for funds held in trust. it is easy to expose a law firm to significant financial risk in the event of an audit if the firm’s accountants or bookkeepers don’t know...
Preventing Law Firm Embezzlement

Preventing Law Firm Embezzlement

by Diana Halenz | Sep 8, 2015 | Law Firm Accounting, Law Firm Practice Managment

Google “law firm embezzlement” or a similar term and plenty of recent cases pop up… $961,000 taken by a bookkeeper who had access to the firm’s accounts and the absolute trust of the partners. In this case, the bookkeeper’s personal...
Law Firm Receivables Management

Law Firm Receivables Management

by Diana Halenz | Sep 1, 2015 | Law Firm Accounting, Law Firm Practice Managment

I recently posted some metrics that a law firm can use to measure profitability and productivity. However, all the profits don’t matter if it doesn’t translate to money coming in the door. Ideally, law and other professional services firms collect payment...
A Sweet Suite for the Business of Law – Using Clio and Xero for Trust Accounting

A Sweet Suite for the Business of Law – Using Clio and Xero for Trust Accounting

by Diana Halenz | Jul 10, 2015 | IOLTA, Law Firm Accounting, Xero

Cloud software is being refined and with its maturity, is paving the way for law offices to perform more efficiently than ever before. Just a few years ago, a sole practitioner needed bricks and mortar, a secretary and/or paralegal, and volumes of books just to get...

Fish Tales

  • What are CFO Services?
  • When TurboTax Fails a Genius-A Cautionary Tale
  • Your Kids: Overlooked Tax Deduction?
  • Charitable Contributions: Give and Receive (a tax break)
  • Estimated Tax Payments Demystified

Topics from the sea

bill payment clio clio; xero embezzlement hubdoc iolta law firms performance indicators productivity profitability Taxes trust trust accounting xero

Recent posts

  • What are CFO Services?
  • When TurboTax Fails a Genius-A Cautionary Tale
  • Your Kids: Overlooked Tax Deduction?
  • Charitable Contributions: Give and Receive (a tax break)
  • Estimated Tax Payments Demystified

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