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Podcast: Lawyer Business Advantage
Episode: Law Firm Financials with Ryan Kimler
Description:
In this episode, Alay and Ryan discuss:Â
CFO versus accountant versus bookkeeper.Â
Trust fund collection procedures and utilization.
The importance of regular meetings on your law firm’s financials.Â
Addressing new metrics and financial problems as you clear up the primary issues.Â
Key Takeaways:Â
When trying to figure out where you’re having a cash flow problem in your business, go through your financials, learn the numbers, and start there. Bringing in a third party can also give you a different perspective on what is and isn’t working.Â
Bookkeepers do the day-to-day w...