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Best Practices for Managing Law Firm General Ledgers

A well-structured general ledger forms the foundation of a law firm's financial stability, ensuring compliance with regulations, supporting informed decision-making, and enhancing operational efficiency. As global legal operations become more complex, having an excellent general ledger system can significantly impact how you oversee your firm's…

What to Consider If Your Law Firm Plans On Taking Credit Card Payments

CoreMatter is an all-in-one legal practice management, accounting and billing solution. Its cloud-based platform is designed specifically for law firms, addressing operational needs and regulatory compliance.

How to Maximize Billable Hours with Effective Tracking

The legal profession is built on trust and relationships; payment methods should reflect the same. Here's why your law firm should consider this shift

Crafting the Perfect Email Disclaimer

A well-crafted disclaimer can protect your firm from potential liabilities and data breaches. However, are law firms devoting the necessary attention to this aspect? In this article, we'll delve into the importance of email disclaimers and explore what makes it effective.

Mastering the Retainer: A Lawyer’s Guide to Setting Effective Fees

As a lawyer or law firm owner, mastering the art of setting retainer fees is critical to ensuring financial stability and client satisfaction. Retainers secure your fees for services and establish a clear financial relationship with your clients from the beginning. However, determining a suitable

How Digital Invoicing Transforms Law Firm Billing

In the fast-paced world of legal practice, efficiency is vital. Traditional paper-based accounting and tax filing can be a time-consuming nightmare, leading to errors, delays, and frustration. Enter CoreMatter – a game-changer for modern law firms. This blog examines how CoreMatter’s digital invoicing saves time and ensures

Understanding Mandatory e-Invoicing for Law Firms in Malaysia

https://corematter.biz/wp-content/uploads/2024/07/E-Invoice-for-Malaysian-Law-Firms-16-July-2024.mp4 With mandatory e-invoicing coming into effect in stages commencing 1 August 2024 into next year, law firms in Malaysia must begin preparing for this significant transition to electronically document virtually all commercial activities. The implementation of e-invoicing will impact all law firms, regardless of size. CoreMatter

Simple Steps for Increasing Efficiency in AML/CFT Processes for Your Law Firm

Law firms, despite not being financial institutions, are vulnerable to money laundering schemes. Law firms can be unwittingly used by criminals to launder money or finance illegal activities. Criminals may exploit the trusted position of lawyers and the firm’s financial infrastructure to legitimize their illicit

Is Your Law Firm Ready for E-Invoicing Revolution

Is Your Law Firm Ready for the E-Invoicing Revolution?

The tide is changing in Southeast Asia as governments across the region are swiftly implementing regulations mandating electronic invoicing (e-invoicing) for businesses. This shift toward digital billing offers numerous benefits for law firms and their clients. The question is, are you ready for this imminent

Boosting Your Law Firm’s Financial Health: Strategies to Improve Receivable Accounts

Running a successful law firm requires more than legal expertise. Mastering the art of collecting accounts receivable is crucial for maintaining a healthy cash flow and ensuring your firm thrives. The frustration of unpaid invoices is a universal experience, but it doesn’t have to be

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