Accountants used the term “fixed assets” to describe assets and property which cannot easily be converted into cash. For example, land, property, and vehicles are frequently considered to be fixed assets. On the other end of the spectrum you have current assets or liquid assets, i.e. cash and bank accounts.All businesses, including law firms, have [...]
This week’s posts have been dedicated to money management; exploring ways lawyers and other business professionals can cut back on costs. With gas seemingly ever-increasing in price I thought I would share a unique tip given to me by an earth-conscious personal injury lawyer in Alabama. This particular client of mine has a fleet of 6 [...]
Most American households and many American business owners have a very difficult time managing their money. Although, there are a number of envelope budgeting software choices available, I have been most impressed with the envelope budgeting system from Finicity. The envelope budgeting concept is simple, essentially you have several envelopes each labeled for a different [...]
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