I have noticed several law firms are not reviewing the monthly bank reconciliations that are produced the law firm’s practice management system. It is extremely important that the legal practitioner of the law firm review and sign off the monthly bank reconciliations of the trust account. When reviewing the bank reconciliation, you should be checking […]
I have recently visited a number of law firm throughout NSW and have noticed that they currently do not operate a trust account. As they do not operate a fund account the practitioners are not preparing the necessary report to meet the requirements of the Uniform General Rules and Uniform Law. If the law firm […]
As Christmas is only 5 week away; you may wish to add a Christmas message to your clients’ correspondence. Below are the steps to add your xmas message in LEAP to all your correspondence. Add a Christmas message to a document Before you start modifying your templates, I would suggest that have your firm’s Christmas message […]
Importance of Following-up your outstanding debtors Almost every business has to chase debtors – it’s crucial for healthy cash flow. However, time spent chasing debtors is time you can’t spend on your core work. That’s why it’s important to have a debtor’s follow up plan that makes the best use of your time. Below are some […]