Author Archives: David Bilinsky & Laura Calloway

At long last we come to the end of our top 10 Cash Flow Reports Tips with our final entry, Client Trust Balances.

Institute a procedure to ensure regular review …

Daily time summaries by lawyer are also an important part of cash flow reporting.  To make this analysis accurate, all lawyers in the firm should be accounting for all of …

Often law practices look great from the outside.  There are lots of clients, the lawyers are always on the run, and from all outward appearances the firm is successful.  Sometimes, …

Ralph Waldo Emerson once said: “Money often costs too much.”

It is, unfortunately, true that you have to work over $1.00 worth of time to collect $1.00.  The question is:  …

Ahh the age-old problem of lawyers:  collecting accounts receivable.  The bane of the lawyering class. The inconvenient truth is that if you are working on the basis of an account …

Where are the money pits in your practice?  One of the biggest is called: “Unbilled Disbursements”  These disbursements represent expenditures on behalf of clients that you expect will be recovered …

Johann Wolfgang von Goethe once said:  “Many people take no care of their money till they come nearly to the end of it, and others do just the same with …

Edward Gibbon once said: “I am indeed rich, since my income is superior to my expenses, and my expense is equal to my wishes.”

In our prior posts …

This is the second in a series of ten tips dealing with cash flow reports and cash flow management.

Gregory Nunn once said: “Never underestimate the value of cold cash.”…

Following on our earlier Top 10 Financial Errors posts, this is the first in a series of 10 posts dealing with Cash Flow Reports and in particular, cash flow management.…