IOLTA accounting

How to Build a Law Firm Operating Budget in Texas: Line-by-Line Template and Common Mistakes Explained

How to Build a Law Firm Operating Budget in Texas: Line-by-Line Template and Common Mistakes Explained

A Texas law firm operating budget typically allocates 40–55% to payroll/benefits, 8–15% to occupancy, and 3–7% to technology, with targets adjusted by practice type and billing model. In Texas markets like Houston, Dallas, Austin, and San Antonio, rent rates, court travel, and staffing expectations can materially change these ratios. This guide provides a line-by-line operating […]

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How to Choose an IRS-Compliant Bookkeeping Method for a California Law Firm (Cash vs. Accrual)

How to Choose an IRS-Compliant Bookkeeping Method for a California Law Firm (Cash vs. Accrual)

California law firms can generally use either cash or accrual bookkeeping for IRS purposes, but the “right” method depends on revenue size, client trust accounting, and how your firm bills. In California, attorneys also must track client funds under strict IOLTA and fiduciary rules that affect daily bookkeeping. This article explains cash vs. accrual for

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