Legal Bookkeeping

Author name: Marufa Akter

Legal Bookkeeping Excellence: A Three-Way Trust Account Reconciliation

Legal Bookkeeping Excellence: A Three-Way Trust Account Reconciliation Guide

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

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Trust Accounting Basics For Legal Bookkeeping for Law Firms

Trust Accounting: Basics of Legal Bookkeeping for Law Firms

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

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