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Trust Compliance, Just One Click Away

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The Top 5 Trust Accounting Pitfalls

When it comes to trust accounting, “Close Enough” is NOT Good Enough

Top 5 Trust Pitfalls

There are 5 Top Pitfalls that every law firm needs to be aware of when it comes to legal trust accounting. It’s only after you’re aware of these pitfalls, that you will know what to look out for and how to avoid them.

  1. Lack of Trust-Specific Knowledge & Rules
  2. Manual Record Keeping
  3. Absence of Trust Safeguards
  4. Lax Bank Account Reconciliations
  5. Separate Billing & Accounting Systems

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