July 01, 2014

Software for Trust Accounting

Megan Zavieh

Under the ethics rules of all states, keeping track of funds held in trust for clients is critical. Some states are moving toward random audits of trust accounts (see, for example, my discussion of California’s recent proposal), which makes it all the more important to ensure your accounting is just right. “Harmless” errors that would never have been the subject of a client complaint may become the basis of disciplinary actions when the bar sees them in a random audit.

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