Strategy

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diy trust accounting

Dangers of DIY Trust Accounting: Beyond Spreadsheets

Strategy, Trust Accounting /

The Dangers of DIY Trust Accounting: Moving Beyond Spreadsheets It starts innocently enough. A solo practitioner, just starting out, cannot justify the expense of specialized software. An Excel template seems perfectly adequate—just a few columns for dates, clients, deposits, and withdrawals. The firm grows, and the spreadsheet grows with it, accumulating tabs, formulas, and years […]

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A mountain of books in the shape of a triangle and

Mastering the Three-Way Reconciliation: A Monthly Must

Compliance, Strategy /

Mastering the Three-Way Reconciliation: A Monthly Must for Every Firm If there is one task that separates compliant law firms from those facing bar discipline, it is the monthly three-way reconciliation. Trust accounting errors are the leading cause of ethical complaints against attorneys, and the majority of these errors stem from a failure to properly

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