I'm Jayden Doye and I'm delighted that you've joined me for the Law & Quarter Podcast. I'm known as the Traveling CPA, and I've dedicated my professional life to helping law firm owners reach new heights and catch more flights. I believe that you don't have to be tied to a desk seven days a week to have a profitable firm. That's why I'm here bringing ideas and information that can help you create a first-class firm that pays you the salary you deserve and provides you with the lifestyle you desire.
During this podcast, you will learn my Six-Step Profit Method that helps law firm owners shift from six figure revenues to six figure profits without burnout. And we will talk about how to organize your law firm so that it can work for you versus you slaving and working in this business. This podcast is specifically for those law firm owners who have reached a certain level of success, but you're not living the lifestyle that you thought you would be living when you first started your firm. If you take less than eight vacations a year and you own your own law firm, this podcast is specifically for you. Once again, thanks for joining me and welcome to Law & Quarter. For more episodes and a free Law Firm Owner Profit Toolkit, head over to LawAndQuarter.com.
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I'm Jayden Doye and I'm delighted that you've joined me for the Law & Quarter Podcast. I'm known as the Traveling CPA, and I've dedicated my professional life to helping law firm owners reach new heights and catch more flights. I believe that you don't have to be tied to a desk seven days a week to have a profitable firm. That's why I'm here bringing ideas and information that can help you create a first-class firm that pays you the salary you deserve and provides you with the lifestyle you desire.
During this podcast, you will learn my Six-Step Profit Method that helps law firm owners shift from six figure revenues to six figure profits without burnout. And we will talk about how to organize your law firm so that it can work for you versus you slaving and working in this business. This podcast is specifically for those law firm owners who have reached a certain level of success, but you're not living the lifestyle that you thought you would be living when you first started your firm. If you take less than eight vacations a year and you own your own law firm, this podcast is specifically for you. Once again, thanks for joining me and welcome to Law & Quarter. For more episodes and a free Law Firm Owner Profit Toolkit, head over to LawAndQuarter.com.
Data-Driven Decisions: Master the 3 Financial Statements for Your Law Firm
Law and Quarter
15 minutes
2 years ago
Data-Driven Decisions: Master the 3 Financial Statements for Your Law Firm
This episode is about the essential financial statements you need for your law firm where I unpack the balance sheet, income statement, and cash flow statement. All three statements are critical for assessing the financial position and profitability of a business. The balance sheet shows assets, liabilities, and equity. The income statement shows revenue and expenses, and the cash flow statement shows the increase and decrease in cash. Additionally, proper categorization and bank account reconciliation are key for accurate financial statements and data-driven decisions.
"To increase your profits, you first have to know where your business stands as far as profitability. And to do so, you'll need to examine your income statement every month."
In this episode, you will learn the following:
1. What are the core financial statements every law firm owner should view?
2. How can you assess your business' profitability?
3. What are the key mistakes to avoid when processing bookkeeping for your firm?
For more episodes and a free Law Firm Owner Profit Toolkit, go to https://lawandprofit.com
Law and Quarter
I'm Jayden Doye and I'm delighted that you've joined me for the Law & Quarter Podcast. I'm known as the Traveling CPA, and I've dedicated my professional life to helping law firm owners reach new heights and catch more flights. I believe that you don't have to be tied to a desk seven days a week to have a profitable firm. That's why I'm here bringing ideas and information that can help you create a first-class firm that pays you the salary you deserve and provides you with the lifestyle you desire.
During this podcast, you will learn my Six-Step Profit Method that helps law firm owners shift from six figure revenues to six figure profits without burnout. And we will talk about how to organize your law firm so that it can work for you versus you slaving and working in this business. This podcast is specifically for those law firm owners who have reached a certain level of success, but you're not living the lifestyle that you thought you would be living when you first started your firm. If you take less than eight vacations a year and you own your own law firm, this podcast is specifically for you. Once again, thanks for joining me and welcome to Law & Quarter. For more episodes and a free Law Firm Owner Profit Toolkit, head over to LawAndQuarter.com.
