We sit down with Victoria, a law-firm-focused bookkeeper and trust accounting specialist, to unpack how clean books transform guesswork into growth. From eliminating compliance risk to using ROI to drive hiring and marketing, this conversation turns financial fog into a step-by-step roadmap you can act on today.

We start with the biggest hidden cost: misclassifying client trust funds as revenue. Victoria explains how that single error inflates income, spikes tax bills, and misleads owners about what they can afford. She walks through trust accounting fundamentals, client-level ledgers, invoicing before transfers, and true monthly three-way reconciliations, so you stay audit-ready and confident. Then we connect the dots between numbers and decisions: which ad campaigns earn their keep, when to hire a VA or associate, and how to price work to include overhead and recover case costs.

Victoria also shares a jaw-dropping fraud catch, daily account reviews flagged repeated $1,000 withdrawals via an ITM tied to an EIN, stopped before losses exploded. That story underscores why timely, detailed reporting beats end-of-month surprises. For new and growing firms, we outline simple systems to capture every expense, track KPIs by role and location, and turn monthly reports into clear actions. You’ll learn how to pay yourself a steady salary, smooth tax obligations, and decide whether a second location is a growth lever or a cash drain.

Reach Victoria here:
www.mga-tx.co
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Leadership In Law Podcast with host, Marilyn Jenkins
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