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Accounting and Financial Planning for Law Firms

July 2009

Cash Management: Know What You Need, Get It, and Put It to Work

By Edward Poll

The cash-flow statement is the single most important tool for the success of any business. Most lawyers, and even many large law firms, begin to realize that they are in trouble only after the money ceases to come in the door. However, cash flow cessation is usually the last symptom of a downward spiral that started long before.

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