Bookkeeping

What Is an Expense Account? Definition, Types & Tips

Expense accounts can be classified as diverse, as they differ according to the specific needs of a company. To better understand which expenses fall under each category, let’s take a look at some expense account examples. Variable expenses, on the other hand, are the expenses that tend to vary between quarters or years, including internal

What Is an Expense Account? Definition, Types & Tips Read More »

Accounting for Law Firms: A Guide Including Best Practices

Intermingling expenses isn’t a fatal mistake but it causes problems for your business when it comes to claiming expenses and tracking the financial health of your business. Now that you understand that bookkeeping happens first, I suggest you figure out the best way to handle bookkeeping before we move on to legal accounting. It’s a

Accounting for Law Firms: A Guide Including Best Practices Read More »