Compliant trust accounting requires more than a few basic steps. Proper records must be maintained, and if you want to weed out potential bookkeeping mistakes, modern tech can provide a critical safeguard against everyday human error.
This guide will cover all the terms and steps you need to know, along with key reports and recordkeeping, and how your accounting software can help keep your firm compliant.
There isn’t anything I don’t like. Easier timekeeping and keeps the books straight because they have to match up…we switched because it includes bookkeeping and timekeeping in one program.
Rebecca Norton | On Point Legal
We needed to find an alternative solution to PCLaw, as we were moving to a cloud-based system. It appeared the employees at CosmoLex had more experience in migrating the data from PCLaw to CosmoLex.
Andrea C. Kryszak | Kryszak & Associates
Using a third-party platform for accounting didn’t make sense anymore…conflict check approach is good and I like the ability to handle my accounting within the case management software.
Andy Patzig | Patzig Law