How much time do you spend every month looking over the financials for your law firm?  Do you even know the most important numbers you need to run and grow your business?

The fact is, you cannot get a true picture of the financial health of your firm without having a system in place that will help you obtain the critical numbers you need to gauge the financial stability of your business.

Most attorneys I know do not relish the numbers side of the business.  However, there are six key numbers that every lawyer must know in order to be successful at law firm management.

The 6 key financial numbers you need to track

• How to determine your cash flow position so you can plan for future growth

• Core components of a solid chart of accounts

• The true cost of Accounts Receivables and how to collect more of them

• How to set up and live by a monthly business budget

• What a budget variance report is and why you need one

• The importance of your balance sheet and how to create one