Inside LawAccounting's Cash-Basis and Accrual Reporting Engine: How Law Firms Run Both Sets of Books From One Ledger Without a Year-End Conversion Scramble

Most law firms manage the firm on accrual numbers and file taxes on cash numbers - then spend December rebuilding one from the other. LawAccounting posts every transaction once and reports it on either basis on demand. Here is how the dual-basis engine works, and why WIP, unearned trust, and unrecovered costs are where firms usually go wrong.