You’ve probably received bad advice. If you’re wondering how to get your clients to pay you faster, it may be best to avoid common wisdom. The usual advice offered by pundits may create a cash flow crunch for your firm. Follow their advice and your firm may experience a cash
Often General Contractors use Time & Material contracts for one main reason: lack of enough information to prepare a bid. Typically, the Owner hasn’t a complete set of plans or specifications for the project. And whatever plans that are available may only be enough to get a permit approved. What about the
Duplicating Entries, Expenses & Payments Do you ever find yourself entering the same time entry details over and over again? Within Bill4Time, you can duplicate any time, expense, internal time or payment that was previously saved. When you add a new time entry in the program, you have your three
During the Great Recession, many legal professionals battoned down the hatches, strapped on the water wings and did everything possible to keep themselves afloat. For those surviving the storm, the ailing economy has forever changed the landscape, creating greater efficiencies and productivity in an even more competitive market. From these changes
Tip of the Week: Applying Payments
Category: Blog, What's New
Bill4Time provides multiple ways to receive and apply payments. With these few tips, you can find which option best suites your needs! Under Accounting, you have the ability to receive payment and apply the payment to invoices. Even though it is not required to apply payments to invoices, it will help
Law Firm Accounting Issues Can Add-up
Category: Accounting, Blog, Legal
There are two primary types of accounting methods: accrual and cash accounting. Accrual reflects income when it is earned, whereas, cash accounting reflects income when received. Most solo and small law firms prefer the cash accounting method as it is easier to manage. Regardless of which method you choose, there