We create accurate and reliable annual trust accounting for our clients to help alleviate the undue stress often associated with the development of these highly detailed documents. Investment Property Returns Ensure you are protected and your trust is being handled properly with professional trust accounting support and private fiduciary services. At its most basic level, Trust Accounting is simply bookkeeping of trust accounts in accordance with state requirements. These requirements vary from state to state, but they have a few rules in common. Namely, there is to be no comingling of client funds with the lawyer or law firm’s funds, and maintaining accurate records is a must. Trust Accounting has some very specific recordkeeping requirements, which are used to maintain accurate information for both the attorney and the client. Trust Accounting requires: Keeping track of client trusts is no easy feat, especially if you manage several client trusts. Each one needs to be managed and tracked independently and must have a full paper trail so there can never be a question that funds were used improperly. Rather than rely on manual tracking or generic accounting software, more and more lawyers are turning to legal trust accounting software, like that offered by to help them manage their fiduciary duties as they relate to trusts.
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