How to Find the Best Real Estate Trust Accounting System

Real estate transactions involve the transfer of money to and from many parties. Real estate firms need to keep careful track of all these funds, which can be complicated especially when several sales are in progress. Easy HUD helps you complete the HUD 1 settlement statement but you will also…

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Simplify Retainer Management by Using Lawyer Billing Software

Retainers are the cornerstone of many legal billing arrangements. However collecting, distributing and managing those retainers is not as easy as it might appear. Attorneys use legal billing and accounting software to automate the process and improve the practice’s financial position. Manual retainer management is a lot of work. Attorneys…

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Is Your Real Estate Practice Unintentionally Mismanaging Client Funds?

When real estate agents receive funds to be distributed to other parties, they put these funds into a trust account. Unfortunately what often happens is the agents don’t appreciate the difficulty of managing funds from multiple clients comingled in the same account and get themselves into trouble. Without a good…

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Trust Accounting In Large Law Firms: It’s Everybody’s Fault

The larger the firm, the more complicated trust fund management can be. It’s hard enough tracking multiple matters in one account, plus other matters each with their own accounts, but then you add multiple attorneys, paralegals and other staff members and it quickly becomes an administrative nightmare. Legal billing and…

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How To Hire A Staff Without Hiring A Staff

Large law firms can hire teams of specialists to handle everything from balancing the books to maintaining the office computers to making the coffee. Unfortunately small firms, especially single-attorney practices, can’t afford to bring on a host of employees. The good news is that these small businesses can get the…

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How To Handle Special Trust Transactions

Trust management is complicated even at its simplest–and real trust accounts are never simple. This is why it is essential that attorneys use dedicated escrow software designed to handle the unique needs of trust accounts. These tools make it easy to administer even complex transactions. For example, it’s pretty straightforward…

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