Managing Your Firm's Operational Expenses

Keeping a close eye on your vendor expenses both by account and by individual vendor can lead to better overall cash management and expense budgeting. Simple reports like this will force you to ask the question, “What is the reason for the difference in expense totals with this specific vendor from one year to the next?” Knowing answers to questions like this help you better manage the firm’s money that is going out the door each week. Freely spending and paying your vendors without any real management or oversight can very quickly turn into disaster. Keep a close eye on your firm’s expenses, it will definitely pay off in the end. hashtag#cashmanagement hashtag#lawfirmaccounting hashtag#lawofficemanagement hashtag#lawfirmmanagement hashtag#lawfirmofficemanagement hashtag#cashflow hashtag#budgeting hashtag#legalprofession hashtag#personalinjurylawyer hashtag#attorneys hashtag#lawyers hashtag#lawfirms

Expenses