Accountants Law Pod™

In this episode, we dive into the art and strategy of pricing your services as a legal accountant. From understanding your value to aligning your pricing with client expectations, we cover key tips and practical insights to help you confidently set rates that reflect your expertise. Whether you're new to the field or looking to refine your pricing approach, this episode is packed with actionable a...

Please, please, PLEASE avoid sending your financial documents via email! Cybersecurity is more critical than ever for your accounting business and your clients, and your compliance may depend on it. In this episode, Sarah and Lynda share their thoughts, frustrations, and hopes for improving security practices in the industry. --------------------------------------- 00:40 Travel and Compliance 01:2...

As the driving force behind Paragon Tech, Jay McAllister embraces the philosophy of asking "why?" to challenge boundaries and uncover inefficiencies. Too often, businesses focus on optimizing systems that ultimately prove unnecessary. His approach? SIMPLICITY. By prioritizing streamlined solutions, he helps organizations overcome operational challenges and transform into highly efficient powerhous...

The project that brought Sarah and Lynda together! Data migration between software might sound simple, but it’s often more complex than it seems. Discover why a legal accountant is your secret weapon for navigating this process smoothly. ----------------------------------------------- 03:25 Mastering Data Migration for Law Firms 05:04 Challenges and Lessons in Data Migration 07:37 Software Issues...

When it come to hard times.... it's not a matter of "if," it's a matter of "when." Is your business prepared? ------------------------------------ 02:57 Financial Crisis Management 03:26 Evaluating Subscriptions and Expenses 05:42 Staff and Workflow Adjustments 15:48 Creative Solutions and Pivoting 23:22 Client Engagement and Marketing ----------------------------------------- Be sure to subscribe...

What is cash flow, how does it work, and why is it important? If you've found yourself pondering these or similar questions while navigating the complicated world of cash flow, this episode is for you! ------------------------------------------------------------- 00:29 Year-End Panic and Client Price Notifications 01:15 Cash Flow Demystified 02:02 Understanding Cash Flow Reports 03:59 Importance o...

AI has been the hot button topic of the year! Steve and Lynda share their thoughts on what we can expect from AI when it comes to Accounting Software. ---------------------------------------------------------- 01:16 Challenges with Client Trust Accounts 02:24 The Impact of AI on Accounting and Legal Industries 05:21 The Evolution of Accounting Practices 07:52 Self-Driving Cars and Legal Implicatio...

We are excited to welcome John Scott and Kip Bilderback to the podcast to walk you through everything you need to know to help your law firm clients grow! ------------------------------------------------- 00:26 Meet the Special Guests: John Scott and Kip Bilderback 01:34 John Scott's Journey and Expertise 03:10 Kip Bilderback's Background and Insights 05:55 Impact of the 2008 Housing Crash and COV...

What financial challenges might you be likely to run into across the various legal fields, and how do you navigate them? We discuss it all in this week's podcast! --------------------------------------------------------------- 02:28 Mastering Financial Challenges in Legal Specialties 03:21 Understanding Business Mix and Billing Practices 06:09 Technology Adaptation in Law Firms 07:03 Client Acquis...

Tackle year-end like a pro and set yourself up for New Year success!   ---------------------------------------------------   03:32 Year-End Cleanup of Client Ledgers 03:53 Checklist for Legal Industry Accounting 08:02 Handling Unclaimed Property 11:22 Preparing for 1099 Season 13:09 Final Tips for Year-End Accounting ----------------------------------------------...

In this episode, we take a look at the complexities of attorney compensation, breaking down the various ways legal professionals are paid for their work. Whether you're a client seeking clarity or a legal professional aiming to optimize your billing strategies, this episode offers essential insights into understanding attorney compensation. ----------------------------------------- 04:52 Main Topi...

A haunted house, but it's your office during 1099 season. We know Halloween is past, and we don't want to scare you... but 1099 season is right around the corner! So we are bringing back some of our favorite episodes on 1099's and W9's with Jeffrey Cronin. Jeffrey Cronin, Chief Strategy Officer at Zenwork, is back to dive even deeper into 1099's with more focus on W9 forms. Zenwork: https://www.ze...

A haunted house, but it's your office during 1099 season. We know Halloween is past, and we don't want to scare you... but 1099 season is right around the corner! So we are bringing back some of our favorite episodes on 1099's and W9's with Jeffrey Cronin. Jeffrey Cronin, Chief Strategy Officer at Zenwork, is back to dive into 1099's Zenwork: https://www.zenwork.com/ CPA Transformation Podcast htt...

It's SpooOOooOOky season! Let's get in the Halloween spirit by sharing our favorite legal accounting horror stories! And we want to hear yours! Send us your horror stories at the email address below to be featured on our socials! 00:25 Halloween Horror Stories in Accounting 01:36 Cafeteria Plan Catastrophes 02:35 Trust Account Troubles 08:43 Billing Software Blunders 11:49 Employee Handbook Headac...

You've emailed.... and messaged.... and followed up.... and your client still isn't answering you. What do you do? Don't worry "Boo," we've got you! 01:22 Topic Introduction: Being Ghosted by Clients   02:01 Understanding Ghosting and Initial Tips   03:12 Strategies to Handle Client Ghosting   05:04 Real-Life Client Ghosting Experiences   11:47 Dealing...

Do you have systems in place to handle scope creep when it occurs? We discuss our favorite ways to handle scope creep with clients in today's episode. 00:33 Discussing Scope Creep 1:48 Examples and Challenges of Scope Creep 3:09 AI in Managing Scope Creep 4:16 Best Practices for Engagement Letters 6:02 Real-Life Scope Creep Scenarios 09:03 Handling Scope Creep with Clients and Staff 4:55 Professio...

What do you need to be on the watch for to make sure your law firm's finances are as healthy as they need to be? We walk you through the biggest red flags you need to keep an eye out for in this episode!     0:22 - Client Engagement and Consultation Strategies   1:30 - Identifying Red Flags in Financial Health   4:13 - Navigating Trust Accounting Challenges   7:44 - Managi...

Trust accounting is defined by Clio as the process of tracking and monitoring client funds that are held in trust and it is a very important part of legal accounting. We are going to walk you through everything you need to know about trust funds and trust accounting for law firms in today's episode! Be sure to subscribe for more episodes! Find us on YouTube as well! If you have questions, topic re...

You have a potential attorney client and you need to complete file review for them before you can give them a quote and contract - what do you need to know before you get started? Be sure to subscribe for more episodes! Find us on YouTube as well! If you have questions, topic requests, or guest suggestions you can email us at info@accountantslawpod.com or send us a message through our website, www...

Setting your prices for accounting work can feel tricky, but we are here to help! Join us as we help you change your pricing mindset! Be sure to subscribe for more episodes! Find us on YouTube as well! If you have questions, topic requests, or guest suggestions you can email us at info@accountantslawpod.com or send us a message through our website, www.accountantslawpod.com If you want to join us...

In this episode, we explore the critical role accountants play in the success of law firms. We take a look at the financial management challenges faced by law firms, the unique value accountants bring to the table, and tips for effectively collaborating with financial professionals to enhance your firm's financial health.     Timestamps:     [02:45] The Role of an Accountant in...

In today's episode, we look at all the things we wish we had known when we were first getting started in the legal accounting niche. If you are working with your first attorney client, or you think that attorneys might be your ideal client, this is the episode or you! Join us on our trust compliance journey with this map!  Be sure to subscribe for more episodes! Find us on YouTube as well! If...

Sometimes it happens... you and your attorney client just have to part ways. This can be a difficult process to navigate, but we are here to talk your through it! Be sure to subscribe for more episodes! Find us on YouTube  as well! If you have questions, topic requests, or guest suggestions you can email us at info@accountantslawpod.com or send us a message through our website, www.accountant...

In this episode, we dive into the complexities of trust compliance across different states in the U.S. Join us as we look at key regulations, the differences in compliance requirements, and the importance of understanding state-specific laws when managing trusts. Join us on our trust compliance journey with this map!  Timestamps: [03:15] Understanding Trust Compliance [08:45] Key Differences...

It can be a big decision for an attorney to hire on an external legal accounting firm, but in this episode, we are going to discuss why it is also the most beneficial decision for your firm. Be sure to subscribe for more episodes! Find us on YouTube  as well! If you have questions, topic requests, or guest suggestions you can email us at info@accountantslawpod.com or send us a message through...