by Gerri Martin | Jan 3, 2018 | Accounting, Time & Billing
The American Bar Association lobbied Congress to accept the Senate version of the new tax bill giving a tax deduction to owners of “pass-through” businesses, including professional service firms. The conferees accepted the Senate approach, but did not...
by Dana Riel | Nov 16, 2017 | Accounting, Sage 50
All Sage 50 customers should have received a recent notification, through the “Services /Check for Updates” menu in Sage 50, that a new Payroll update (released in October 2017) is available. What makes this update especially noteworthy is that, beyond a...
by Jack Schaller | Oct 18, 2017 | Accounting, Sage 50
There is no formal period end closing in Sage 50 within an open fiscal year. There are, however, several important steps that we recommend all users should complete before issuing and filing financial statements for that period. Proper period end closing procedures...
by Jack Schaller | Feb 21, 2017 | Accounting, Law Firm Technology, Practice Management
Jim Calloway, the Director of the Oklahoma Bar Association Management Assistance Program, has written an excellent article in the January/February 2017 edition of Law Practice, the magazine of the Practice Management Division of the American Bar Association. Titled...
by Gerri Martin | Feb 14, 2017 | Accounting, CosmoLex
If you are like most attorneys, I know accounting is NOT your favorite thing. You want to spend time practicing law, not struggling with debits and credits. When it comes to accounting systems today, we live in a “real-time” world. Features like...
by Jack Schaller | Feb 7, 2017 | Accounting, Sage 50
In a recent white paper “The 10 Essentials of an Effective Financial Solution”, the first point identified as essential in the paper is a “modern general ledger”. Let’s see how Sage 50 meets this criteria. Premise: The modern general ledger (G/L) is the core of every...
