April 09, 2025
Charles Lutwidge
How to Keep Records for Small Business?
The majority of business owners face bookkeeping issues. Moreover, small businesses often have to work with limited resources, which challenges entrepreneurs to handle finances and keep records of errors. Today, we’ll cover how to keep records for small businesses and...
Delegate your financial records to a highly qualified bookkeeper and forget about bookkeeping stress forever.
March 13, 2025
Charles Lutwidge
Bookkeeping for Painters: Tips for Painting Business Owners
As an owner of a painting business, you know that creativity, commitment and meticulousness go hand in hand. This applies not only to art projects — it’s also vital to ensure diligent bookkeeping. Nevertheless, even the most devoted entrepreneur may...
February 21, 2025
Charles Lutwidge
Grocery Store Accounting: Mastering Best Practices
If you own a grocery store, you have many moving parts to deal with. From controlling inventory to forecasting user needs, managing cash flow, and implementing a transparent financial system, managing grocery store accounting on your own can be time-consuming...
February 05, 2025
Charles Lutwidge
Coffee Shop Accounting: 8 Essential Tips for Owners
Coffee is the favorite drink of most Americans. Two-thirds (66%) of the country’s residents drink coffee daily. The US coffee market is the largest in the world, reaching $8.1 billion. The average cafe profit margin is 4%, which is the standard profitability...
January 23, 2025
Charles Lutwidge
What is Legal E-Billing?
Manually processing an invoice takes an average of almost 14 days. It is inefficient to spend that much time in today’s fast-paced business environment. That is why small and mid-sized legal firms consider “process automation” and “implementation of new technology...
December 18, 2024
Charles Lutwidge
Improving Law Firm Accounts Receivable Management
Legal practitioners face a laborious endeavor when trying to close out their books without any issues. Achieving sustainable development necessitates embracing an effective approach to managing outstanding invoices. Entities facing payment delays must address cash flow problems to meet obligations...
December 13, 2024
Charles Lutwidge
Navigating Trust Accounting for Lawyers: Attorney’s Guide
In law firms, where every decision and action carries serious consequences, trust is the cornerstone of the lawyer-client relationship. Today, lawyers have not only the authority of advocacy but also the duty of financial guardianship. Trust accounting is fundamental to...
November 29, 2024
Charles Lutwidge
A Guide to Creating a Law Firm Chart of Accounts
Financial literacy is the key to long-term success and ethical practice in the competitive law market. A well-structured law firm chart of accounts unlocks a clear picture of its financial health. At its essence, it functions as a meticulously organized...
