Learn Trust Accounting.
Protect Your License.

DISCLAIMER

This course is meant to provide a concise overview of the laws and regulations that pertain to trust accounting. As such, it does not cover every rule and regulation that has anything to do with the administration of trust accounts.

It is your job to make sure that they examine and follow the most current regulations of professional conduct for the state in which they operate.

The document has been developed only for legal offices to give broad information of an introductory type concerning trusting accounting. This is simply meant to serve as a broad reference, and it does not cover every possible problem that may arise. Despite the fact that this course was produced with the utmost care, neither the authors nor the Law Society accept any legal duty or liability for its contents, nor do they guarantee or imply that they do; moreover, any and all liability is thus explicitly disclaimed.

You are accountable for maintaining your accounting records. Therefore, we recommend that you have your accountant review the setup recommendations and do a complete "trial run" of accounting software early on. The easiest method to check that accounting software has been configured correctly for your organization is to input a few of your usual transactions. Then, attempt to generate all the reports you may potentially need. We have prepared the course/book to cover as many practice-specific themes as feasible. You need to verify the techniques discussed in this course with your state bar organization.

In addition, this trusting accounting course does not make use of legal jargon; rather, information on the law is presented in the form of basic remarks. This course is not intended to serve as a replacement for competent legal counsel and should not be relied upon as such.