Trust accounting requires legal-specific accounting, so the system your firm uses to manage its trusts should be legal-specific. General systems require workarounds to create the appropriate ledgers and reports and even then it will not provide the appropriate safeguards against overdrafts, commingling, and deposits that aren’t associated with a matter. Learn more about Trust Accounting Challenges That Are More Than Just Accounting.
Ready to make the switch?
Start a 10-day Free Trial of CosmoLex