Trust accounts
Keep client money separate and the records clean.
A trust account holds money that belongs to a client, not to the firm. These posts cover keeping it apart, the records to keep and a monthly check.
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- Trust reconciliation in 4 steps before you close
- Match trust records to the bank in four steps, then clear any non-zero difference, record missing items, and close only at zero.
- Trust account reconciliation checklist in 7 steps
- A seven-step checklist for reconciling trust accounts in legal software, from entered deposits to a zero difference, then save and finalize.
- How to reconcile trust accounts in 5 checks
- Reconcile a trust account in 5 checks: zero difference, save for later, bank timing, the balance report, and interest rules.