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Liabilities, equity, and revenue have a credit balance. Assets, expenses, and dividends or owner’s draws usually have a debit balance. Understand their role in double-entry accounting normal account balances and financial reporting. Conversely, when the company makes a payment on its account payable, it records a debit entry in the Accounts Payable account, decreasing its […]
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Payroll in law firms involves multiple pay structures and detailed records. Lawyers may be salaried, paid per billable hour, or receive profit shares. Support staff also follow different pay cycles and benefit plans. Without proper systems, payroll errors can occur and affect staff trust. Scalable Services Imagine trying to run your practice with a quill […]
Appears when entered person does not exist in the system. The Amount column contains a value greater then 9999 Values in the Labor Categories column have commas according to the levels of Labor Categories configured in the system. A person does not have a license or the employment status is terminated. The system does not […]
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