Jayva launches new guide to eliminate accounting jargon
In a continued effort to demystify some of the accounting terminology which is present in law firm management, legal sector consultancy, Jayva Global, has released a useful guide. ‘Demystifying financial terminology’ has been specifically written to help SME law firm owners and managers understand accounting vocabulary if their expertise lies primarily in legal, not accounting.
Designed in easy-to-read infographic style, Jayva’s single-page resource is a glossary of commonly used and often-misunderstood financial language described in layman’s terms for non-finance professionals.
The guide’s purpose is to answer the questions which senior leaders might be too afraid to ask and too busy to research – but need to master so they can partake in board-level conversations around their business’s financial performance, positioning and forecasting.
Nicola Moore-Miller, Global Chief Executive Officer, comments:
“Our goal at Jayva is simplifying law firm management, and empowering managers and owners to be the best they can be. By eliminating the jargon, accounting is immediately clearer and easier, especially for individuals without a financial background yet who assume a high level of responsibility for a legal practice’s finances.
“As part our consultancy offering, we have found that providing straight-talking explanations can really assist, especially where a manager has recently moved into a role where financial awareness is key, but they have no foundation of learning in that area.”
To download Jayva’s guide, law firms can visit www.jayvaglobal.com/articles#demystifying-financial-terminology. The dedicated web page also features Jayva’s white papers – ‘Essential management information for successful law firm managers’, ‘Leading the legal technology change’ and ‘Getting started with legal tech’.
