If your firm is keeping trust accounts at different banks for any reason, make sure the funds for each particular matter are all at the same bank. Keeping half of Matter A’s funds in Bank 1 and the other half in Bank 2 creates a number of potential issues, like increased probability of bookkeeping errors, complications in paying invoices from trust accounts and difficulties in tracking the total matter balance. Learn more about how to overcome trust accounting challenges at your law firm.
No Fields Found.