Tech Tip #221: Preventing Trust Accounting Errors & Violations
Trust accounts have very specific compliance requirements. These unique needs present a challenge when using an accounting system created for all general businesses. Without mechanisms in place to prevent overdrafting or commingling of funds between clients, it can be easy for an error to occur. Accounting software created specifically for law firms take these needs into consideration and puts a safeguard in place to avoid these types of issues. Learn more about the Do’s and Don’ts of Trust Accounting.