Trust Accounting

Master IOLTA rules and three-way reconciliation. Expert advice to maintain compliant client ledgers and avoid costly commingling errors.

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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Trust Accounting Errors = #1 Reason Attorneys Face Sanctions

Compliance, Trust Accounting /

Why Trust Accounting Errors Are the #1 Reason Attorneys Face Sanctions Every year, attorneys lose their licenses, face massive fines, and see their reputations destroyed—not because they committed malpractice or lost a case, but because they mishandled client funds. Trust accounting errors consistently rank as the leading cause of disciplinary action against lawyers across the

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Trust Accounting 101: The Rule of “No Commingling”

Compliance, Trust Accounting /

Trust Accounting 101: The Cardinal Rule of “No Commingling” Managing client funds is one of the most critical responsibilities a law firm faces, yet it remains a significant source of ethical violations and disciplinary action. The concept is simple: money that belongs to clients must be handled with scrupulous care and complete transparency. However, the

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