Good morning.
Basic bookkeeping is one of those things a lot of us look at with dread. As a result, I know lots of lawyers who don’t have a great grasp of their expenses because they don’t know what their revenue is. They basically know whether or not there’s money in the bank, but that’s it. I know a few who haven’t filed taxes in a few years because they just don’t want to tackle the issue.
I hope this isn’t you.
Today, we’re talking about getting your books sorted and making sure you have your revenues and expenses in front of you on a regular basis. I suggest handing this off to somebody else. That’s scary for a lot of us, but it’s this resistance that usually means we aren’t seeing the numbers we need to see. There are things you need to see on a daily basis so you know where thing stand.