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…
Absolutely. For audits, file reviews, and transparency with clients, Law App offers: Trust Statement (by File): Complete transaction history with running balance. Trust Ledger Summary: By file, client, or date…
This is flagged as a breach in most jurisdictions, and reconciliation must be corrected immediately. Steps to resolve Check for unpresented cheques or EFTs. Confirm deposits were entered correctly with…
What is Transit Money? Transit money refers to funds received by a law practice with instructions to pay or deliver them to a third party (not the client). These funds…
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…
Need Support?
Can’t find the answer you’re looking for? Don’t worry we’re here to help!