I SENT AN INCORRECT INVOICE! HOW DO I FIX IT?

12 June 2019

Even when the invoice content is verified carefully, an invoice that has already been sent to a customer may sometimes require changes. There is no general guidance on how to make such changes, so it has to be considered case by case. The starting point is always the need for change: do you need to move the due date, change the payer, or perhaps modify the transactions on the invoice?


CLIENT IDENTIFICATION PROCESSES LOOKING FOR THEIR FORM

28 May 2019

The Anti-Money Laundering Act, which took effect in July 2017, obliges law firms to know their clients and their business, and report any suspicious transactions or suspicions of terrorist financing. Kristiina Sare, Legal Attorney at the Finnish Bar Association, shared some tips and best practices for client identification at the Finnish Legal Assistant Day, which was arranged in April.


BEST PRACTICES OF SALES LEDGER MANAGEMENT

15 April 2019

Invoicing and payment related questions have been part of my daily work for years; formerly when managing a sales ledger in a law firm and currently as instructing CSI clients on software use.

Each month there is a period when most of the questions are related to changes in the sales ledger. Such changes can be made in multiple ways, and sometimes it may be hard to see which way is the most optimal and matching with good accounting practices.

In my blog text series, I’ll aim at sharing common good practices for managing the sales ledger in CSI Lawyer. In this article, I focus on the significance of correct dates and on how changes to the sales ledger are reflected in bookkeeping reports.

However, please keep in mind that there might be country-based exceptions to these best practices. Which do not necessarily apply outside Finland. So if required, please check with your accountant.


FAVORITE TAKEAWAYS FROM VQ FORUM

22 November 2018

This was my second time attending VQ Forum. Personally, I enjoyed the day immensely, meeting many attendees and listening to the presentations and panel discussions. Iit was also a successful event from CSI’s point of view. We met several delegates and firms looking for a new software for client management, time registering, invoicing and reporting. As a sponsor, we also had the opportunity to present our company and its journey in Sweden – and to share the good news of CSI’s business growing steadily.

While listening to the presentations I was struck by their relevance for us as a software provider or companies in any industry. Several presenters highlighted that law firms are not that much different from other companies - their businesses are ruled by the same market forces and challenges as all are. The following five ideas were my favorite takeaways.


1 – 5 / 16