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There is no doubt that technological advances can support the business to improve and gain competitive advantages in the market and law...

This article highlights critical accounting challenges that lead lawyers to lose financial control in law practices , emphasizing the...

When your business needs to prove or record its account balance, this is called reconciliation accounting. In all the activities that drive

- There is no Money In and Out of the fund (no flow of transactions) - Overdraft client ledgers at the transaction level.

In legal accounting, all cases expenses are not treated the same. It is important to ensure that every item billed is tracked

All of these account types (IOLTA, IOLA, and Attorney Trust) have the same purpose. They are all used to separate the client’s money from...

For trust account management, this reconciliation process is one of the most important aspects of maintaining compliance and administration.

Trust Accounting is simply bookkeeping of bank trust account under state requirements which involves

With regards to dealing with your client’s trust accounts, it is critical that your law firm has the correct processes and practices...

An attorney client trust account, also known as an escrow account. These trust accounting rules are designed to maintain the integrity of...