Demystifying Accounting Concepts for Law Firms (Best Of)
Teaira is still on her honeymoon, so we're revisiting a fan favorite! Hosts Linda Artesani, Sarah Prevost, and Steven Libhart break down the accounting concepts that confuse even the most experienced attorneys, and explain why getting them right matters so much.
In this episode:
Trust accounts vs. IOLTA vs. operating accounts, and why keeping them separate protects you
Why reconciling monthly (or even weekly) beats waiting for quarterly deadlines
What commingling actually looks like in practice, and how easily it happens by accident
Why "just open a new bank account" is never the fix for a…
The skinny
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