One way firms can avoid issues often associated with client trust fund accounting is to utilize legal specific accounting software. (cosmolex.com)
Successful, compliant law practices must understand the intricacies of client trust fund accounting, direct and indirect matter costs, escrow accounting, and compliant three way reconciliation. (lawpracticetoday.org)
It's not at all unusual for firms to rely on client trust funds to secure cash flow from their clients. (cosmolex.com)