New year, new me… It’s that time of the year again. Resolutions are being made, plans drawn and clocks set for what is going to “my year.” All these expectations are being captured in fancy branded diaries, posted on Facebook and Twitter or written on sticky notes and pasted on bathroom mirrors as reminders “to […]
Managing employees in business is just like managing a sports team – the goal is to build a dream team. A successful business strives on the quality of its team. It is often said that a team is as strong as its weakest member. A lot of thought goes into building the dream team, from […]
By the Practitioner Support Unit of the Attorneys Fidelity Fund There are various definitions to what journals are, and for the purpose of this article, we will simplify the general definition of a journal entry (journal) to refer to the entries made in the trust accounting records of a legal firm, to adjust or correct […]
In terms of the rules of the various law societies, there is a requirement on the part of all practitioners to account to their clients (see: Cape Law Society – r 13.11 and r 13.12; Law Society of the Free State – r 16.8 and r 16.9; KwaZulu-Natal Law Society – r 20(7) and r […]
As part of remaining transparent and accountable to their clients, practitioners are required by their rules to account to their clients at the end or termination of the mandate. This accounting to clients must include the reflection of interest earned on s 78(2A) investment and administration fees taken from that interest, inclusive of VAT where […]
More often than not, legal practitioners outsource their accounting duties to qualified accountants or bookkeepers. Reasons for the outsourcing will, for obvious reasons, differ from one legal practitioner to another. Reasons range from an inability to prepare and/or balance books, to the need by the legal practitioner to focus on their area of expertise. The […]
Last week we addressed the first three of our six time wasters in the workplace. Those three directly affect performance and touched on how as an employee or entrepreneur, you must not waste time waiting for something to be perfect, but to just go for it and perfect it afterwards. We also mentioned the importance […]
It’s very easy to lose time while you’re in the office. At one moment, it’s seven in the morning and work is starting out and before you know it, it’s five and it’s time to go home. What happened between seven and five? Can you account for the hours spent and show satisfactory results? The […]
Ever felt like your business isn’t known…enough? You have set it up perfectly and you are more than ready to serve clients and the public alike, but almost no one knows about your services or how good you are at what you do? It’s not you, it’s your exposure tactics. Sometimes you need to go […]
Women in business are most likely to have it harder than their male counterparts, but has that ever stopped them from trying and actually succeeding? No. In honour of women’s month, we have highlighted four important qualities that women in business possess. Fearless Despite the changes that the business world goes through on a daily […]