Account Cfo

Your Law Firm is a business and all business owners need timely, relevant financial information and operational metrics to make decisions and solve problems. Almost all Law Firm’s have hidden issues to solve and opportunities to exploit. Account Consulting works specifically with small and growing law firms to excel at the business of law by: Ensuring timely and accurate monthly financial statements are prepared Reviewing IOLTA compliance and case cost tracking monthly Monitoring cash flow Sharing how to use the firms’ financial statements as the primary business tool Preparing and maintain budgets Optimizing financial and operational processes through review and redesign Developing tool for forecasting revenue Implementing marketing campaign, inbound referral and outbound referral tracking Working with leadership to design weekly\monthly dashboard (Key Performance Indicators) Holding people accountable for commitments and progress Using intimate knowledge of 250+ law firm to solve problems and design customized best practices You can engage us to provide 3 levels of service: 1. CFO Review – We assess strengths and weaknesses of your financial information and processes, operations, firm structure, staffing, compliance and overall strategy compared to other similar firms. CFO Lite – We provide the following services monthly: Financial Statement Explanation Prepare Dashboard Perform trend analysis & interpretation Prepare & Maintain Budget Revenue Forecasting Cashflow Planning 3. Fractional CFO – We provide the following customizable services monthly: Financial Statement Explanation Prepare Dashboard Perform Trend Analysis & Interpretation Prepare & Maintain Budget Revenue Forecasting Cashflow Planning Strategic Planning Succession Planning Growth Management Debt Optimization Process Review & Redesign Attorney Compensation Review Coaching & Accountability Business Problem Solving as Needed