Category: Trust Accounting
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The Trust Account Health Check: A Practical Framework for Sole Practitioners and Small Law Firms
Although many practitioners complete a few business subjects during their studies, managing a firm’s accounts can still be challenging, particularly when trust accounts are involved. In a sole practice or small firm, responsibility for the client trust account ultimately rests with the principal. Month‑end trust reconciliations often appear orderly: the numbers align, the report is…