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CPA firm staff analyzing client trust accounts, law firm billing, WIP, accounts receivable, collections, partner compensation, leverage, and operating cash flow
13 Aug

Law Firm Accounting Training for CPA Firm Staff: Understand Trust, Cash Flow, Compensation, and Firm Economics

Advisor Development / Industry Specialization

By Vincent Howard, CPA | Managing Partner, Howard, Howard and Hodges | SkillAbility for Accounting Firms Last updated: August 13, 2026  |  52-minute read TL;DR — The Short Answer Law firm accounting training should teach CPA firm staff to separate three financial systems that lawyers often experience as one: client money held in trust, the

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