Opening a law practice can be challenging for an attorney. Many attorneys don’t have business degrees and have never run a business in the past, so it can be overwhelming for them to know where to start when opening a law firm. The following is a high-level overview of the steps to take when opening […]

Many general accounting programs can generate identical invoices for multiple clients at one time through a process called [simple_tooltip content=’Batch invoicing allows you to create a single invoice for multiple customers reducing. the time and effort you spend it is the perfect solution for businesses that invoice groups of customers regularly.’]batch invoicing[/simple_tooltip].[1][2] This is different […]

Law firms, like most businesses, are created to generate a profit for the partners.[1] Generating revenue alone does not guarantee that firm will earn a profit because businesses only generate profits when their revenues exceed expenditures.[2] The “[simple_tooltip content=’The break-even point (BEP) represents the sales amount—in either unit (quantity) or revenue (sales) terms—that is required […]