When attending the Basic Budget Workshop come prepared to roll your sleeves up and get it done! By the end of the workshop, you will have a completed budget for your law firm for the next 12 to 18 months. 
 
Our experienced HTM Financial Advisors will share their expertise in helping you create the right budget for your firm’s goals. Throughout this workshop, you will improve your budget development skills and acquire the new skills needed to review and use budget variance reports. Perhaps most importantly, you will learn why it is critical for your budget to align with your business plan and will gain clarity on why a budget and a business plan cannot be mutually exclusive. 
 
The highlights of this course include:

• Questions you need to ask your bookkeeper. 
• Chart of Accounts best practices.
• Revenue Planning: The key metrics you need to know.
• Labor Expense Planning: In legal production, administrative, management, sales, and marketing.
• Cash Flow Planning: Taking the budget and creating a cash flow plan.
• Quality Checking your Budget: How to help your team discover common errors & issues in budgets.
• Occupancy and all other Operating Expenses. 
• Implementing operating expenses and best practices for all addition items on an income statement.