Author: Luke Ferguson

You have a responsibility to your clients and your state bar to keep your trust accounting accurate and free from misuse.

Are you using a 15-step work-around process to properly track and report your trust account? You’re not alone because QuickBooks wasn’t designed for law firms.

Every state bar association requires that an attorney reconcile their trust bank statement to their clients’ individual balances either monthly or quarterly.

To help you determine whether your trust accounting is accurate and error-free, we’ve broken out the trust reconciliation process into five easy steps.

QuickBooks is not tailored to meet the unique and complex regulations of trust accounting, and so using the software to manage your trust account comes with inherent risks and complications.