Trust Accounting

This trust accounting project was completed for a U.S.-based law firm handling client retainers and escrowed funds. The firm needed a compliant system to track individual client trust balances, avoid commingling, and prepare for periodic audits under bar association rules.

I implemented a dedicated trust ledger system inside their existing accounting platform, ensuring each client’s funds were recorded separately. All transactions were carefully categorized, reconciled with bank records, and supported by source documentation. I established workflows for deposits, disbursements, and monthly reconciliations that aligned with IOLTA compliance and ABA guidelines.

I also provided the firm with customized reporting tools, audit checklists, and internal control recommendations to prevent misuse and ensure accountability. With trust accounting fully organized and monitored, the client achieved compliance peace of mind and retained eligibility for future legal audits and certifications.