December 18, 2024
Charles Lutwidge
Improving Law Firm Accounts Receivable Management
Legal practitioners face a laborious endeavor when trying to close out their books without any issues. Achieving sustainable development necessitates embracing an effective approach to managing outstanding invoices. Entities facing payment delays must address cash flow problems to meet obligations...
Delegate your financial records to a highly qualified bookkeeper and forget about bookkeeping stress forever.
December 13, 2024
Charles Lutwidge
Navigating Trust Accounting for Lawyers: Attorney’s Guide
In law firms, where every decision and action carries serious consequences, trust is the cornerstone of the lawyer-client relationship. Today, lawyers have not only the authority of advocacy but also the duty of financial guardianship. Trust accounting is fundamental to...
November 29, 2024
Charles Lutwidge
A Guide to Creating a Law Firm Chart of Accounts
Financial literacy is the key to long-term success and ethical practice in the competitive law market. A well-structured law firm chart of accounts unlocks a clear picture of its financial health. At its essence, it functions as a meticulously organized...
October 16, 2024
Charles Lutwidge
Bookkeeping for Chiropractors: 7 Tips to Improve Your Business
As a chiropractor, you can realign your spine with the proper knowledge and practice, but when it comes to accounting, you may wonder if you’re doing it right. If you feel lost when managing your practice’s resources, it’s time to...
September 18, 2024
Charles Lutwidge
Food Truck Accounting: Essential Tips for Maximizing Profitability
Small business owners must carefully monitor their finances to understand their current situation and avoid breaking laws. Adherence to strict accounting standards is especially critical regarding food truck accounting. The average profit margin in the restaurant sector ranges from 3...
August 16, 2024
Charles Lutwidge
Bookkeeping for Veterinarians: A Detailed Guide and Key Tips
Treating animals is your primary goal as a veterinarian, but understanding your financial situation is equally important. Several specialty-specific financial complexities need to be monitored, from purchasing and operating equipment to managing stockpiles of essential medications and supplies and handling...
July 18, 2024
Charles Lutwidge
What is a virtual accountant, and how may they help your business?
Balancing accounts, generating financial reports, and preparing for the tax season are some of the responsibilities of an accountant. A business can’t thrive without proper bookkeeping and accounting. While keeping books is tedious, it’s not as challenging as accounting. However,...
May 07, 2024
Charles Lutwidge
Accounting for Churches: Everything You Need To Know
Church accounting involves the practice of financial records keeping and management specifically for religious organizations. Most churches belong to section 501(c)(3), which means they don’t have to pay federal income tax and can operate under nonprofit bookkeeping guidelines. Although these...
