What trust reports are required for compliance

Each jurisdiction has its own requirements, but minimum reports for audit and internal control include:

Monthly:

Trust Reconciliation Report

Trial Balance (by file)

Trust Ledger (by client/matter)

Receipts & Payments Journal

Unpresented Cheques/Outstanding Items Report

As Requested (or Quarterly):

Trust Audit Log

Trust Statement (per file)

Controlled Money Statements (if applicable)

Tip: Law App auto-generates these under Trust Reports. You can filter by jurisdiction (e.g., QLD, WA, NSW) in your compliance settings for region-specific formats.