Articles Written by Paul W Carlson, CPA

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Paul W Carlson, CPA

Selecting Law Firm Accounting Software - A Legal CFO's Guide

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Paul W Carlson, CPA

Law Firm Marketing Budget: A CFO's Perspective

Discover essential insights on how much law firms should allocate to their marketing budget to drive growth and maximize ROI.

Law Firm Operations

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Paul W Carlson, CPA

Maximizing Law Firm Utilization, Realization, and Collection Rates

Get expert insights on maximizing your firm's financial performance through data-driven metrics and KPIs.

IOLTA

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Paul W Carlson, CPA

IOLTA Account vs Escrow Account: What's Right for Your Firm?

The management of client funds carries both ethical weight and enforceable legal requirements.

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Paul W Carlson, CPA

6 Potential Consequences of Bad Bookkeeping for Businesses

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Paul W Carlson, CPA

How Can Businesses Use Technology to Navigate Financial Uncertainty?

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Paul W Carlson, CPA

8 Types of Financial Statements Every Business Should Know About

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Paul W Carlson, CPA

The Importance of Accurate and Timely Financial Statements for Businesses

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Paul W Carlson, CPA

Key Performance Indicators for Your Law Firm

Law Firm Operations

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Paul W Carlson, CPA

Advanced Client Costs for Contingency Matters are Capitalized as Loans and are Not Deductible Business Expenses

Review best practices in applying advanced client costs and keeping an accurate firm balance sheet.

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Paul W Carlson, CPA

Collections by Timekeeper for Actionstep Flat Fee Matters

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Paul W Carlson, CPA

Advanced Client Cost Process for Immigration Firms - CosmoLex

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Paul W Carlson, CPA

Optimize Your Law Firm’s Finances with MyCase Payments

Managing client payments efficiently is crucial for any law firm. MyCase Payments offers a seamless way to track time, send invoices, and collect fees—all contained within the practice management platform.

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Paul W Carlson, CPA

Law Firm CRM - Best practices, example reports, and example dashboards

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Paul W Carlson, CPA

Legal Time Tracking Software: Core Features & Best Options

Accurate time tracking is essential to running a profitable law firm; using purpose-built tools makes it easier to capture every billable minute.

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Paul W Carlson, CPA

Billing Rate Setup in MyCase - Part of our MyCase Hourly Firm Guide

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Paul W Carlson, CPA

Ultimate Guide to Law Firm Lead Generation

Struggling to get consistent leads? Here’s how to get the most out of your marketing efforts.

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Paul W Carlson, CPA

Law Firm Payment Plan Systems: An Implementation Guide

The days of "pay upfront or find another lawyer" are over, as more firms discover that payment plans actually strengthen their bottom line.

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Paul W Carlson, CPA

Law Firm Financials: Cash Flow & Income Statement Explained

Decode your law firm’s financial statements to understand the numbers driving your success and profitability.

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Paul W Carlson, CPA

Managing Advanced Client Costs: Best Practices for Law Firms

Unlock faster settlements with secure cost management

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Paul W Carlson, CPA

Client Invoices for Contingency Matter Fees - Soluno

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Paul W Carlson, CPA

Activity Codes in Soluno

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Paul W Carlson, CPA

Batch Check Print - Soluno

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Paul W Carlson, CPA

Forecast Cash and Revenue - Contingency Based Law Firm - Pipeline Report

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Paul W Carlson, CPA

Flat Fee Matter Management - Tracking Available Hours and Dollars

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Paul W Carlson, CPA

Single Matter Trust Ledger Report in Soluno

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Paul W Carlson, CPA

Trust Receipts in Soluno

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Paul W Carlson, CPA

Adding Contacts in Soluno

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Paul W Carlson, CPA

Create and Edit Budgets in QuickBooks Online

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Paul W Carlson, CPA

Attorney Referral Agreement: What It Is & Why It Matters

A practical guide to attorney referral agreements, from fee rules to ethical compliance and tracking.

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Paul W Carlson, CPA

Print IOLTA Checks From QuickBooks Desktop Hosted Right Networks

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Paul W Carlson, CPA

Payroll for Law Firms: Best Practices & Software Solutions

Managing compensation in legal practices requires navigating unique challenges that don't necessarily exist in traditional business environments.

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Paul W Carlson, CPA

CosmoLex Intro - Immigration Law Practice Management and Accounting Systems

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Paul W Carlson, CPA

IOLTA Trust Account Reconciliation Checklist

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Paul W Carlson, CPA

Example IOLTA Trust Account Reconciliation

IOLTA trust account reconciliation represents one of the most critical compliance responsibilities for attorneys.

Clio

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Paul W Carlson, CPA

Client Balances and Accounts Receivable IOLTA Draws

Learn the best way to standardize your billing process to avoid unpaid balances from customers.

Clio

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Paul W Carlson, CPA

Manage Client Trust Balances with Clio Matter Balance Summary Report

Clio

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Paul W Carlson, CPA

Clio Prepaid Flat Fee Process - Matter, Invoice, and Payment

Generate an invoice within Clio for prepaid flat fees.

Clio

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Paul W Carlson, CPA

Clio Matter Budgets - Summary Management Report

Learn how to use Excel to make your budget summary report.

Clio

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Paul W Carlson, CPA

Clio Matter Budgets - Options and Example Management Report

Review the options available to run budget reports.

Clio

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Paul W Carlson, CPA

Clio Consultation Invoices and Payments

Learn how to create a consultation invoice and payment within Clio.

Clio

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Paul W Carlson, CPA

Aggregate IOLTA Draws in Clio

Making IOLTA trust account draws.

Clio

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Paul W Carlson, CPA

Billing Rates in Clio

Join us in learning how to set and edit billing rates in Clio.

Clio

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Paul W Carlson, CPA

Creating Client Invoices in Clio

Walk through best practices in sending client invoices while using Clio.

Clio

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Paul W Carlson, CPA

Billable and Collected Time in Clio

Learn the ins and outs of calculating billable hours and running related reports.

Clio

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Paul W Carlson, CPA

Clio Trust Requests for Retainers or Advance Fees

Join us in learning about the best way to request advance retainers using Clio.

Law Firm Operations

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Paul W Carlson, CPA

Track EIDL Loan: Balance, Due Date & Payment Allocation

Managing your Economic Injury Disaster Loan (EIDL) effectively starts with staying informed.

Law Firm Operations

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Paul W Carlson, CPA

Forecast Cash and Revenue - Contingency Based Law Firm - Pipeline Report

In this video blog post, we outline a specialized process for utilizing a pipeline report to accurately forecast revenue and cash flow in contingency-based law firms.

IOLTA

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Paul W Carlson, CPA

Keeping Firm Funds in IOLTA for Account Maintenance

This blog post outlines a specific exception that allows law firms to deposit their own funds into an IOLTA trust account

IOLTA

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Paul W Carlson, CPA

Example IOLTA Trust Account Reconciliation

In this video post, we offer a valuable resource for law firms by presenting a video overview of a complete IOLTA Trust account reconciliation—an example of which is often hard to find.

Law Firm Operations

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Paul W Carlson, CPA

Law Firm Automation: Why It Matters & How to Get Started

Running a law firm shouldn’t mean drowning in repetitive tasks; automation offers a smarter way to reclaim your time and focus on what matters.

Taxes

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Paul W Carlson, CPA

Can a Law Firm Be an S Corp?

Gain a clearer picture of what opting for an S Corp means for your law firm's bottom line and make a more informed decision.

Taxes

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Paul W Carlson, CPA

Are charitable donations made by your law firm direct business tax deductions?

Navigating charitable donations within the legal structure of a law firm can be complex, with tax benefits depending largely on the type of tax return your firm files.

IOLTA

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Paul W Carlson, CPA

IOLTA FAQS – How do we handle client over payments?

This blog post outlines the right and wrong ways to manage such overpayments, detailing why depositing the full amount into an IOLTA account is the most compliant and cleanest option for handling overpayments.

IOLTA

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Paul W Carlson, CPA

IOLTA FAQS – Are preprinted deposit slips for the IOLTA Account required?

Delve into the intricacies of using preprinted deposit slips for IOLTA Accounts in our enlightening FAQ video blog post.

Law Firm Operations

by

Paul W Carlson, CPA

Weekly Cash Forecast Introduction

A walkthrough the weekly cash forecast we create for Law Firms.

Articles by

Paul W Carlson, CPA

Selecting Law Firm Accounting Software - A Legal CFO's Guide

Law Firm Marketing Budget: A CFO's Perspective

Maximizing Law Firm Utilization, Realization, and Collection Rates

IOLTA Account vs Escrow Account: What's Right for Your Firm?

6 Potential Consequences of Bad Bookkeeping for Businesses

How Can Businesses Use Technology to Navigate Financial Uncertainty?

8 Types of Financial Statements Every Business Should Know About

The Importance of Accurate and Timely Financial Statements for Businesses

Key Performance Indicators for Your Law Firm

Advanced Client Costs for Contingency Matters are Capitalized as Loans and are Not Deductible Business Expenses

Collections by Timekeeper for Actionstep Flat Fee Matters

Advanced Client Cost Process for Immigration Firms - CosmoLex

Optimize Your Law Firm’s Finances with MyCase Payments

Law Firm CRM - Best practices, example reports, and example dashboards

Legal Time Tracking Software: Core Features & Best Options

Billing Rate Setup in MyCase - Part of our MyCase Hourly Firm Guide

Ultimate Guide to Law Firm Lead Generation

Law Firm Payment Plan Systems: An Implementation Guide

Law Firm Financials: Cash Flow & Income Statement Explained

Managing Advanced Client Costs: Best Practices for Law Firms

Client Invoices for Contingency Matter Fees - Soluno

Activity Codes in Soluno

Batch Check Print - Soluno

Forecast Cash and Revenue - Contingency Based Law Firm - Pipeline Report

Flat Fee Matter Management - Tracking Available Hours and Dollars

Single Matter Trust Ledger Report in Soluno

Trust Receipts in Soluno

Adding Contacts in Soluno

Create and Edit Budgets in QuickBooks Online

Attorney Referral Agreement: What It Is & Why It Matters

Print IOLTA Checks From QuickBooks Desktop Hosted Right Networks

Payroll for Law Firms: Best Practices & Software Solutions

CosmoLex Intro - Immigration Law Practice Management and Accounting Systems

IOLTA Trust Account Reconciliation Checklist

Example IOLTA Trust Account Reconciliation

Client Balances and Accounts Receivable IOLTA Draws

Manage Client Trust Balances with Clio Matter Balance Summary Report

Clio Prepaid Flat Fee Process - Matter, Invoice, and Payment

Clio Matter Budgets - Summary Management Report

Clio Matter Budgets - Options and Example Management Report

Clio Consultation Invoices and Payments

Aggregate IOLTA Draws in Clio

Billing Rates in Clio

Creating Client Invoices in Clio

Billable and Collected Time in Clio

Clio Trust Requests for Retainers or Advance Fees

Track EIDL Loan: Balance, Due Date & Payment Allocation

Forecast Cash and Revenue - Contingency Based Law Firm - Pipeline Report

Keeping Firm Funds in IOLTA for Account Maintenance

Example IOLTA Trust Account Reconciliation

Law Firm Automation: Why It Matters & How to Get Started

Can a Law Firm Be an S Corp?

Are charitable donations made by your law firm direct business tax deductions?

IOLTA FAQS – How do we handle client over payments?

IOLTA FAQS – Are preprinted deposit slips for the IOLTA Account required?

Weekly Cash Forecast Introduction

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