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Collection Realization Rates the Clio Way:  Have you looked at yours lately?

Collection Realization

Rates the Clio Way: 
 
Have you looked at yours lately? 

Collection Realization Rates the Clio Way: Have you looked at yours lately?
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ProAdvisor 


Specialize in Law Firm & Bookkeeping Services

Specializing in

LAW FIRM ACCOUNTING
 
& BOOKKEEPING

Learn More about CPN Legal's  Law Firm and Bookkeeping Services
Clio Certified Gold Consultant
Clio Certified Gold Consultant
Animus Certified Consultants

CERTIFIED CONSULTANTS

Cincinnati Bar Association
 
Amicus Certified Consultant
 
 
Intuit Certified ProAdvisor | Quick Books
 
Clio Certified Gold Consultant
 
Gusto - Payroll for Solo and Small Firms
A Cincinnati Bar Member Benefit
Law Firm Accounting and Bookkeeping
A Cincinnati Bar 
Member Benefit
Law Firm Accounting
 and Bookkeeping 
Amicus Attorney Certified Consultants
Clio Setup And Training
Amicus Attorney
Certified Consultants 
Clio Setup
And Training 


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RECENT BLOG POSTS



Collection Realization Rates the Clio Way: Have you looked at yours lately
Wednesday, August 7, 2019

The financial health of your law firm—or any business—is ultimately dependent on three components:

1. Get the work: This means selling your product – yes, you are a salesperson disguised as a lawyer.
2. Do the work: The lawyering part of your job.
3. Get paid for the work: You have to collect money to actually earn it.

For all three components, you need to keep a steady stream into your business and also monitor your results to make sure your business is financially healthy. Envision a pipeline with a steady flow of water. A clog or a leak at any point in the pipe will affect the output of the entire pipeline. All three components work together to keep a steady flow.


Year End Collections: Tips for Getting Paid Before Year-end
Sunday, October 23, 2016
The year end is right around the corner, along with the holiday season. So, what do you really want for a holiday gift? How about getting paid for the work you did during the year and focus on year-end collections.

The holidays can be extra hectic for lawyers with the scramble to get money from clients before year-end and tax planning with your accoutant. Most law firms operate on a calendar year and are run on a cash basis, meaning work isn’t counted as revenue until clients pay. If you are a partner or even an associate, your compensation may be tied to the amount of money your firm collects on the work you billed. If you are a solo, you know all too well your compensation is directly tied to how much you collect on invoices.


Year-end planning: Collect Data about Your Clients
Sunday, October 23, 2016
Part 2: Tips for year-end planning Year-end planning tips. Now is a good time to focus on what needs to be done to wrap up the business year and get a head start on 2017. As an attorney and business owner, year-end can become the most stressful time of year. To help you out, we put together this list of four areas on which to focus between now and year-end, while your business may be slower than normal. Area #2 – focus on current clients.


 
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CPN Legal 
Call Us (513)-315-5750
 
9624 Cincinnati Columbus Rd
Suite 318
Cincinnati, OH 45241 
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