Planning in financial matters usually takes the form of budgeting. And while it’s a simple process, it’s amazing how many businesses, especially law firms, don’t do it. Not having a budget means you don’t have even a rough sketch of what your year will look like financially. It’s akin to taking a walk around town during rush hour with a blindfold on.

You may have a few questions. What are the benefits of budgeting in your small firm? What do you get out of it? And is it really worth it in a firm as small as mine? Continue reading below to find out some of the benefits of budgeting. We’re pretty convinced you’ll be persuaded that budgeting is a must, no matter the size of the firm.

Good bookkeepers can seem like wizards or sorcerers. They take chaos and conjure a complete set of books, seemingly out of thin air. And on many occasions, they can be as useful as any master of the mystical arts.

But bookkeepers shouldn’t be imbued with omnipotence because there are definitely things they cannot, either for professional or practical reasons, do for you.

Lawyers first considering whether they should hire a bookkeeper may be wondering if there are any practices they should avoid. Those who’ve had a bookkeeper for some time may have fallen into some bad habits. Whatever your situation is, this article is all about those things that you shouldn’t do when you’re dealing with your bookkeeper.