Presentation: Getting the Most Out of Your Finance Function

When: Thursday July 20, 2023 at 12noon

Online Presentation

Description:

Derek Barto conducts an insightful conversation discussing how law firms generate reliable and timely information to better run their businesses.  In this presentation you will discover how to consistently access your Firm’s financial data and learn strategies to manage the processes involved.  He begins with a discussion of developing expectations and defining priorities for accounting teams.   Next he explores methods to access data and establish management reports for measuring success.  Finally, he examines techniques for reviewing, enhancing, and maintaining key processes that produce important information.  This course equips you with essential knowledge to optimize your accounting resources and place the information you need to run your firm at your fingertips.

To download this material please enter your name and e-mail address

Year-End Financial Tips for Law Firms: Part 3

Phantom income is a concept that can complicate year-end financial planning for law firms. It refers to taxable income reported by a firm without a corresponding cash outflow to owners.  For law firm partners, this can mean owing taxes on income they haven’t yet received in cash, affecting both the partners’ personal finances and the firm’s overall financial stability.

Read More »

Year-End Financial Tips for Law Firms: Part 2

Phantom income is a concept that can complicate year-end financial planning for law firms. It refers to taxable income reported by a firm without a corresponding cash outflow to owners.  For law firm partners, this can mean owing taxes on income they haven’t yet received in cash, affecting both the partners’ personal finances and the firm’s overall financial stability.

Read More »

Year-End Financial Tips for Law Firms: Part 1

As the end of the year approaches, one of the most crucial aspects for law firms is accurately projecting income and cash flow. This step not only sets the stage for sound financial management but also directly impacts partner compensation by providing a clear view of expected earnings.

Read More »