kwiecień 2021

Content What is bookkeeping? Why bookkeeping and accounting matter for law firms Differentiating income from revenue Chart of accounts Get clear on your tax obligations Ensure your reconciliation reports are safely stored and backed up. If you’re not sure what an IOLTA is, you can find more information on the WSBA IOLTA & Trust Accounts […]

In general, a higher contribution margin is better as this means more money is available to pay for fixed expenses. Although the company has less residual profit per unit after all variable costs are incurred, these types of companies may have little to no fixed costs and maybe keep all profit at this point. Gross