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What are IOLTA accounts? Common Mistakes To Avoid
Attorneys routinely receive and handle money that belongs to clients for future use such as security settlement payments, fees advanced...
Nov 25, 20214 min read
2,066


Three Common Mistakes that Lawyer Make With IOLTA
A simple explanation about IOLTA, how it works, 3 most common mistakes and how to avoid them.
Sep 28, 20216 min read
1,199


The Beginner’s Guide to Trust Accounting
Sometimes it is easy to understand the terms or technical words in the field you work in, sometimes it is not. Even when you understand...
Sep 22, 20215 min read
864


4 Key Practices For Effective Trust Account Management
Every single lawyer knows Trust funds are very crucial to them. They are not only your clients’ most valuable assets but are also...
Sep 21, 20215 min read
342


How To Set Up The Chart Of Accounts For Law Firm Clients
Lawyers and law firms have specific financial needs that are unique to their industry. When a lawyer decides to make the jump from being...
Sep 7, 20215 min read
5,038


Financial Fundamentals in Accounting for Law Firms
TABLE OF CONTENT Get to love your numbers Financial statements - Make it easy Balance Sheet (B/S) Profit & Loss Statement (P&L) Get to...
Aug 25, 20216 min read
130


A Foolproof Guide to 8 Common Law Firm Bookkeeping Mistakes
Bookkeeping is essential for every law firm, even if it brings back unpleasant memories of "math classes" in school. You can make...
Aug 23, 20218 min read
230


How Is Legal Accounting Software Useful In Law Firms?
There is no doubt that technological advances can support the business to improve and gain competitive advantages in the market and law...
Jul 27, 20213 min read
494

What Is An IOLTA Account? The difference between IOLTA and Attorney Trust.
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...
Dec 15, 20203 min read
23,752


Trust Account Reconciliation: What Is Three Way Reconciliation?
For trust account management, this reconciliation process is one of the most important aspects of maintaining compliance and administration.
Dec 7, 20202 min read
3,388


What You Need To Know About Trust Accounting For Attorney
Trust Accounting is simply bookkeeping of bank trust account under state requirements which involves
Nov 30, 20202 min read
1,098

Trust accounting for law firm
An attorney client trust account, also known as an escrow account. These trust accounting rules are designed to maintain the integrity of...
Jun 16, 20202 min read
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