Real-world advice on accounting, taxes, and business strategy. No fluff—just actionable insights you can use today.
PI Settlement Runway Calculator
See how many months of firm operating runway one settlement generates, based on your contingency fee percentag…
Open ToolSettlement Net-to-Client Calculator
Break a gross settlement into attorney fee, costs advanced, and medical liens to see exactly what your client …
Open ToolLaw Firm Break-Even Calculator
Find exactly how many matters and how much monthly revenue your firm needs to cover its costs and start turnin…
Open ToolLaw Firm Effective Hourly Rate Calculator
See what your time is really worth — enter your take-home income and the hours you actually work to reveal you…
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The settlement statement controls where every dollar goes when a case closes — attorney fee, costs advanced, lien payoffs, net to client. This guide walks through each line, how it's calculated, what to verify before disbursement, and how the statement ties directly to your IOLTA three-way reconciliation.
A state bar trust account audit doesn't have to be a crisis — if your records are in order before the notice arrives. This guide covers exactly what auditors look for, the most common documentation gaps that get PI firms in trouble, and how to build a monthly process that keeps you audit-ready year-round.
PI firms routinely front thousands of dollars per case in filing fees, expert witness costs, medical records, and deposition expenses — then scramble to recover them at settlement. This guide covers how to build a per-case cost ledger, how costs advanced flow through the IOLTA disbursement, and how to use that data to understand your firm's true profitability.
Contingency practices have structurally lumpy cash flow — large settlement checks at unpredictable intervals, with fixed overhead every month regardless. This guide covers case cost tracking, building a forecast without predictable revenue, when a line of credit makes sense, and what monthly reporting should actually look like for a PI firm.
If your firm handles personal injury cases, IOLTA compliance isn't optional — it's a license issue. This guide breaks down what three-way reconciliation actually means, the most common mistakes PI firms make, what the bar looks for in an audit, and how a proper monthly process keeps you protected.
In today's fast-moving business landscape, information is everything—and timing is the difference between thriving and merely surviving. For startups navigating uncertainty, tight cash flow, and aggressive growth targets, real-time finance is no longer a luxury. It's becoming a competitive requirement. Discover how real-time finance accelerates growth, strengthens resilience, and dramatically improves operational outcomes.
Working capital management is critical for professional service firms facing the unique challenge of extended cash conversion cycles. This comprehensive guide explores the 7-month timeline from contract signing to cash collection, provides strategies for optimizing working capital through credit facilities, vendor term negotiations, and expense timing. Key insights include implementing cash flow forecasting models, establishing appropriate credit lines, managing accounts receivable effectively, and balancing growth investments with operational cash needs.
Discover how real-time finance is transforming business decision-making for startups, law firms, and professional services. Learn about the benefits of live financial data, automated workflows, and the powerful combination of Mana's expertise with Digits platform technology.
Bank reconciliation is critical for law firms to maintain accurate financial records, ensure trust account compliance, and prevent costly errors. Complete guide covering monthly reconciliation schedules, three-way matching procedures, and outsourced accounting solutions.