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.
Leave a Reply