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.
