Cash Management Set-Up Service for Law Firms

Cash management is different from profit management. Because of this, we need a different way of managing this piece. We subscribe to the multi-bank account system similar to Profit Fist (hyperlink book). Having a separate bank account for your big expenses (payroll, operating expenses, taxes) prioritizes setting aside cash that comes in for each expense to take the guesswork out of paying your team, your bills, and your taxes, and setting aside profits.

Deliverables:

• Determining your %s based on historical data

• Working with your banker to open additional accounts

• Online bank account names to reflect the purpose of each account

• Making the first transfer of cash into each account

• Transfer calculator for DIY ongoing

Investment: $350