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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.


CosmoLex Team

CosmoLex is cloud-based law practice management software that integrates trust & business accounting, time tracking, billing, email & document management, and tasks & calendaring, in a single application. Trusted by thousands of legal professionals across the U.S. and Canada, CosmoLex is a leader in next-gen legal practice management software. Learn why CosmoLex is quickly becoming the #1 choice for solo, small and mid-sized law firms...Start a free trial at www.cosmolex.com/register