Lynda ArtesaniLegal Accountant and Data Migration Specialist at The Proper Trust

Cash Flow Pro Tip: Call Your Bookkeeper Now!

31 Dec 2024 · 1 min

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In this brief dialogue, the speakers emphasize the importance of proactively contacting your bookkeeper to conduct a thorough cash‑flow review. They advise pulling various financial reports across multiple timeframes, using the opportunity to assess the profitability of each attorney or staff member, and to scrutinize expenses with the goal of identifying and eliminating unnecessary costs. The overall message is a practical, timely call to action for small‑business owners or practice managers to tighten financial oversight and improve profitability.

Chapters

Pick up the phone and call your bookkeeper and work through it with them. You know, ask them.
Yeah, help them understand it, right? Because yeah, you want to look at it, pull it out of your, you know, pull the reports down, take a look, do different ones, different timeframes, and just take a look at it. And then truly, this is a great time to go through and look at, like you just said, analyzing the profitability of any attorney on staff or anybody that works for you. And then also looking through your expenses and try to clean some of those up. It's a great time to do that right now and get that reduced.