Understanding the
Basics of Trust Accounting
Gain a complete understanding of the current trust rules.
Insight into the rules and best practices to keep you compliant.
The 7 Key Concepts
There are 7 key concepts that provide the foundation for managing and tracking your trust account.
Segregation of Client Funds
Do Not Bring Client Ledgers Into the Red
There’s No Such Thing as a Negative Balance
Timing is Everything
Timely Recordkeeping
Final Client Balance Should Always Be Zero
Always Maintain an Audit Trail
Avoid Common Trust Accounting Pitfalls
In North Carolina, 89% of all disbarments in 2018 were the result of trust account mismanagement. Review these common trust accounting pitfalls so you can take steps to avoid being part of this statistic.
Reviewing the Software Options
One of the most common areas where attorneys struggle with trust accounting is understanding the various software options that exist and the difference between them. See where your software stacks up. Ensure that you are taking the right steps to using software that keeps you compliant.
Your Complete Accounting Solution
Get started today with a 14 day, risk-free trial!
TIER ONE
Trust Accounting
- State Bar Compliance
- One-Click Reporting
- Worry-Free Reconciliations
- Always Maintain Client Ledgers
$59per month
TIER TWO
Firm & Trust Accounting
Access to everything in Tier One, plus…
- Record all activity for your firm financials
- Generate legal specific financial reports
- Track activity by client
- Manage all accounting needs in one software
$79per month
TIER THREE
Bank Reconciliation Services
Access to everything in Tier Two plus…
- TrustBooks team completes your bank reconciliations for one bank account
- Fix any issues found during reconciliations
- Perfect for attorneys wanting extra accounting support
$249*per month
*Up to 100 transactions per month. Over 100 transactions? Contact our team.
Needing more hands-on accounting support? We have a team of legal accounting experts
ready to help you with your data entry, onboarding, and reconciliation projects.
Ready to see how TrustBooks can solve your firm's accounting headaches?
What other attorneys say
about using TrustBooks:
I no longer dread doing reconciliations
Trustbooks has completely changed my view on trust accounting for my firm. It takes into account all of the trust accounting requirements of the State Bar and helps make sure you comply with them. Trustbooks has simplified the trust accounting for my firm and I no longer dread doing reconciliations or an audit from the State Bar.Brett Wentz Wentz Law, PLLC
Quickly get up to speed
TrustBooks is an intuitive accounting program that you access online but stands above other accounting programs because it is calibrated to the North Carolina State Bar rules for attorney trust accounts. Folks with no background in accounting can quickly get up to speed on how to use it. Small and solo law practices should absolutely try it out, but it would certainly handle large practices as well.Raymond Tarlton Tarlton Law, PLLC
Reconciliations are much easier
TrustBooks is an affordable, intuitive trust account management solution. Monthly and quarterly trust account reconciliations are much easier with TrustBooks. We also love that they listen to our suggestions and are constantly improving their program to meet their clients’ needs, including recently adding several report features.
Jenny Bradley Triangle Smart Divorce
Other options were too complex
Making the move to TrustBooks was a great leap forward. The other options were too complex and expensive for our needs. I wanted something that was easy to use and would keep us out of trouble – TrustBooks works!Joe Knott Knott & Boyle, PLLC
