Understand why transactions are entered the way they are and the important reports the partners of the firm need to run a profitable law firm
Many paralegals are handed the job of bookkeeper by default or out of need. Since this is not their area of expertise, they may be told or shown how to make the entries, but they are never shown why or helped to understand the big picture when it comes to the accounting.
This course will help the paralegals responsible for handling the bookkeeping for the law firm understand why transactions are entered the way they are and learn some accounting terminology. They will also learn the four most important reports the partners of the firm need to run a profitable law firm.
Agenda
Accounting Terminology
- Accounts Receivable
- Accounts Payable
- Assets
- Liabilities
- Cash Flow
- Income
- Expenses and More
Balance Sheet
- Assets
- Liabilities
- Equity
Profit and Loss
- Income
- Expenses
Cash Flow Report
- What Is a Cash Flow Report?
- What Is Included Line by Line
Statement of Retained Earnings
- What Is the Statement of Retained Earnings?
- How Does This Vary by Entity Type?
Other Financial Reports for Law Firms
- Light Discussion on Other Reports
Speakers
Mrs Lynda Artesani,
Founder ,
Artesani Accounting- Founder of Artesani Accounting and co-founder of The Proper Trust and The Accountant’s Law Lab
- Our firm is an accounting firm that specializes in working exclusively with attorneys and law firms
- Speaker at QuickBooks Connect 2018, 2019, 2020, and 2021, and Scaling New Heights (accounting conference) 2020 and 2021
- QuickBooks Online ProAdvisor of the Year 2021
- Firm of the Future Author; Legal Technology Today, LeanLaw blog
- Accountant’s Law Lab co-founder
- Advanced Certified QuickBooks ProAdvisor, Accountant
Who Should Attend
This webinar is designed for paralegals, legal assistants, associates, and other legal professionals.
