Trust Accounting - Other

Monthly trust reconciliations are mandatory in all Australian jurisdictions and must be completed within 15 working days of month-end. Steps...

Each jurisdiction has its own requirements, but minimum reports for audit and internal control include: Monthly: Trust Reconciliation Report Trial...

Law App separates these under trust account setup: General Trust: Pooled account used for multiple clients. Controlled Money: Designated bank...

Absolutely. For audits, file reviews, and transparency with clients, Law App offers: Trust Statement (by File): Complete transaction history with...

Law App follows trust compliance protocols for approvals: All receipts and payments are stamped with the user ID and timestamp....

This is flagged as a breach in most jurisdictions, and reconciliation must be corrected immediately. Steps to resolve: Check for...

Complete reference for all trust-related settings found under Settings > Firm Settings. Covers clearance timing, email approval controls, password enforcement, transaction locking, payee/contact linking, overdraw protection, and post-crossover tightening guidance.

Controlled money and investment money are both trust money invested on behalf of the client — the difference is who initiates the direction. Law App handles both identically. This guide explains the distinction, the money flow for each, and the governing legislation across all Australian states and territories.