State BarAssociation Regulations

Law firm-client trust accounting comes from each state bar association regulations for trust accounts. Law firms, who have their client's money in trust, must follow official procedures for attorney trust accounts. Law firms and self-employed attorneys must manage and reconcile the attorney trust fund (sometimes called the I.O.L.T.A. account) in specific ways that protect the clients.
This 3-way reconciliation tutorial will make clear exactly what’s required and give practical examples along the way. Many state bar associations call it a “3-way reconciliation” because the trust bank account register records must be reconciled with both the bank statements from the bank and also reconciled with the individual client balance when the client records.
This video training tutorial for attorneys will explain all the procedures you need when managing and reconciling an attorney trust I.O.L.T.A. account

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Here is the full bank reconciliation course………………………
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Table Of Contents
00:00: Chapter 1 Introduction And Welcome
00:45 Chapter 2 Allowable Transactions In The I.O.L.T.A. Bank Account
10:26 Chapter 3 Copying Register Checkbook Transactions To The 3-way Reconciliation workbook
13:32 Chapter 4 Copying Client Records and All Client Transactions In To The Main Reconciliation Workbook
17:01 Chapter 5 An Overview Of The Normal bank Reconciliation Process
23:00 Chapter6 How To Reconcile The Client’s Balances
25:20 Chapter 7 Exactly How to Reconcile The Trust Bank Register Records With Client Individual Balance records

Do everything you learned here but faster with the bank feeds feature that can import transactions……………

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