Bookkeeping

Developing those relationships and helping attorneys and their staff means the world to me. There are just too many questions and uncertainties concerning ledgers, funds, and state requirements. Clients can protect themselves by staying informed about the status of their funds held in trust, asking for regular updates and documentation, and seeking clarification from the …

Attorney’s Responsibility for Client Funds Read More »

This occurs when the contra account is used to offset a credit balance in the related account. A contra account is subtracted from its related account on the financial statements, resulting in a net balance. This provides a more accurate representation of the financial position of a company. As can be seen using the two …

Understanding Contra Revenue: A Comprehensive Guide for Businesses Read More »