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Your accountant may be great at handling small business accounting, but you need to be sure your accountant understands the differences between law firm accounting and other small business accounting requirements. It is your responsibility to make sure your books are correct. When vetting both accounting professionals and accounting software, having a basic understanding of the key distinctions between general business accounting and legal accounting can be critical to making the right decision for your firm. In this two-part series, you’ll find some core tenets of legal accounting that pose unique challenges when it comes to bookkeeping and reporting. Cash…
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