Author name: Marufa Akter

A three-way trust account reconciliation is a must to ensure accounting compliance as imposed by regulation authorities. Usually, all businesses need to perform two-way reconciliation for their accounts to achieve the accuracy of the records they keep. Mainly, the bookkeeper matches two sets of financial records to check if they agree without any variance. If

A good number of attorneys/solicitors/law firms who are unaware of legal bookkeeping terminologies often face challenges while managing Trust Accounting reconciliation.   Law Firms operate to keep accurate records of the clients’ funds. They offer accounting services also to ensure that the funds are properly used. However, while doing this job they lack knowledge about