From their biggest business regrets to the systems they wish they had in place sooner, this candid conversation dives into the power of SOPs, mentorship, and goal setting for legal accounting professionals.

Whether you're a solo bookkeeper or growing a firm, this episode is packed with hard-earned insights you won’t want to miss.

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02:12 Biggest Business Regrets
03:57 Reflecting on Business Experiences
08:26 Documenting SOPs and Workflow Challenges
11:27 AI and Future of Accounting
13:31 Learning from Business Regrets
14:27 Embracing the Journey Together
15:02 Handling Regrets in Business Decisions
20:25 The Importance of Mentorship
24:18 Navigating Business Challenges
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Be sure to subscribe for more episodes!
Find us on YouTube as well!

If you have questions, topic requests, or guest suggestions you can email us at info@accountantslawpod.com or send us a message through our website, www.accountantslawpod.com

If you want to join us in the Accountants Law Lab, visit our website at www.accountantslawlab.com to sign up!

If you want to follow along with Steve’s airstream adventures, as well as Accountants Law Pod updates, be sure to follow us on instagram at Accountants Law Pod.

Accountants Law Pod is hosted by Lynda Artesani, Sarah Prevost, and Steve Libhart and directed/produced by Teaira Burge and The Proper Trust. Music by ComaStudio from Pixabay - Edited by audiovideo_uk

Disclaimer: The content presented in this podcast is for informational purposes only and should not be considered as legal, financial, or professional advice.

In this episode we break down one of the most misunderstood areas in legal accounting: accounts receivable (AR) retainers vs. trust retainers.

From compliance risks to workflow bottlenecks, they explore the key differences, common mistakes, and best practices for handling each type of retainer—so you can stay audit-ready and aligned with legal ethics rules.

If you’ve ever second-guessed where that client deposit belongs—this episode is for you.

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01:00 Accounts Receivable Retainers vs Trust Retainers
01:55 Software and Workflow Challenges
03:08 Practical Tips and Manual Work
05:48 Jurisdictional Differences and Regulations
06:20 Explaining Retainers to Clients
14:26 Billing Models and Compliance
16:36 Deciding on Client File Priorities
17:35 Subscription Methods for Better Cash Flow
18:03 Prepaid Services and Liabilities
19:01 Complexities of Accounts Receivable
20:17 Reconciling Financial Discrepancies
22:44 Best Practices for Managing Client Funds
24:14 Challenges with Bank Feeds and Real-Time Balances
26:36 Ensuring Accurate Billing and Trust Management
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Be sure to subscribe for more episodes!
Find us on YouTube as well!

If you have questions, topic requests, or guest suggestions you can email us at info@accountantslawpod.com or send us a message through our website, www.accountantslawpod.com

If you want to join us in the Accountants Law Lab, visit our website at www.accountantslawlab.com to sign up!

If you want to follow along with Steve’s airstream adventures, as well as Accountants Law Pod updates, be sure to follow us on instagram at Accountants Law Pod.

Accountants Law Pod is hosted by Lynda Artesani, Sarah Prevost, and Steve Libhart and directed/produced by Teaira Burge and The Proper Trust. Music by ComaStudio from Pixabay - Edited by audiovideo_uk

Disclaimer: The content presented in this podcast is for informational purposes only and should not be considered as legal, financial, or professional advice.

🎉 Episode 100

In this milestone 100th episode of the Accountants Law Pod, our hosts share their top tips for effective IOLTA bookkeeping and trust account management. From using tools like Clio and LeanLaw to nailing three-way reconciliations, they cover the must-know strategies to stay compliant and audit-ready.

Whether you're an attorney or a bookkeeper, this episode is packed with insights on avoiding common trust accounting pitfalls, understanding state regulations, and maintaining monthly financial transparency.

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01:37 Top Tips for IOLTA Bookkeeping
02:29 Choosing the Right Software
04:11 Trust Account Management
07:27 Common Pitfalls and Best Practices
17:43 Personal Injury Law Firms and Trust Accounts
20:57 Navigating Trust Laws for New Attorneys
21:09 Preferred Trust Account Banks
21:36 Challenges in Setting Up IOLTA Trust Accounts
22:12 Impact of Regulatory Changes on Attorneys
23:20 The Importance of Transparency in Trust Accounting
24:07 The Role of Bookkeepers in Compliance
26:52 Government Changes Affecting Mail and Payments
27:32 Embracing Technology in Law Firms
30:52 Celebrating 100 Episodes
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Be sure to subscribe for more episodes!
Find us on YouTube as well!

If you have questions, topic requests, or guest suggestions you can email us at info@accountantslawpod.com or send us a message through our website, www.accountantslawpod.com

If you want to join us in the Accountants Law Lab, visit our website at www.accountantslawlab.com to sign up!

If you want to follow along with Steve’s airstream adventures, as well as Accountants Law Pod updates, be sure to follow us on instagram at Accountants Law Pod.

Accountants Law Pod is hosted by Lynda Artesani, Sarah Prevost, and Steve Libhart and directed/produced by Teaira Burge and The Proper Trust. Music by ComaStudio from Pixabay - Edited by audiovideo_uk

Disclaimer: The content presented in this podcast is for informational purposes only and should not be considered as legal, financial, or professional advice.