📍 Fix My Firm: Trust Accounting Best Practices for Law Firms 💼
In this episode of Fix My Firm, we’re diving into essential trust accounting practices to keep your law firm compliant and organized. 💬
We’ll cover everything from setting up a dedicated trust account to tracking client transactions accurately and implementing a robust reconciliation process. 📊
Here’s what you’ll learn:
🎯 Why a Separate Trust Account is Crucial
💸 How to Track Every Client Dollar
💼 The Role of a Skilled Bookkeeper
📈 Benefits of Software Over Spreadsheets
🔍 Importance of Regular Reconciliation
Avoid common mistakes and keep your firm aligned with state bar requirements with these trust accounting best practices. 🚀
00:00 Introduction to Trust Accounting
00:14 Setting Up a Separate Trust Account
00:48 Tracking Every Dollar in Your Trust Account
01:34 The Role of a Bookkeeper in Trust Accounting
02:31 Using Software for Trust Accounting
03:24 Importance of Reconciliation
04:37 Choosing the Right Bookkeeper
04:56 Recap of Best Practices
05:47 Addressing Discrepancies
For more tips on managing trust accounts …
=============
Connect with Us:
📸 Instagram - https://www.instagram.com/lawfirmfinance/
📘 Facebook - https://www.facebook.com/groups/lawandfinance
💼 LinkedIn - https://www.linkedin.com/showcase/law-firms-finance/
Need help with trust accounting? 🧾
💼 TL Turner Group specializes in law firm accounting, providing tailored trust accounting and bookkeeping services to keep your firm compliant and focused on growth.
=============
Contact Us
🌐 Website: https://www.tlturnergroup.com/
✉️ Email: contact@tlturnergroup.com
TL Turner Group – Simplifying law firm finance.
