What is net income?

While net income reflects the accounting profit that a business makes during a specific period, cash flow reflects the amount of money that actually comes in or goes out. Positive cash flow means the business can pay routine expenses and meet short-term financial...

Bookkeeping for Solo and Small Law Firms

ContentAccounting for Lawyers: 4 Basics You Need To KnowWhat Clients SayTips to Ease Growing Pains During Your Firm’… We recommend QuickBooks Plus and Advanced in order to get the most from your legal billing software. Both plans allow you to get a more granular...