3-way reconciliation reports are the holy grail of trust accounting. Most jurisdictions mandate it. For firms using QuickBooks Online (QBO), generating a 3-way reconciliation report requires them to create workarounds. Sure, QBO can create multiple reports that show the individual balances needed to create a 3-way reconciliation report, but it cannot run a unified summary report. Find a legal accounting solution that includes automatic 3-way reconciliation. To learn more about the Critical QBO Trust Accounting Challenges for Law Firms, read our recent blog post.
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