Most Law Firms Get This Wrong (3-Way Reconciliation)

Three numbers.
They must match exactly.

Not close. Not “almost right.” Exact.

This is called a three-way reconciliation, and it’s one of the most important (and misunderstood) parts of law firm trust accounting.

If your IOLTA account isn’t reconciled properly every month, you could be creating compliance risk without even realizing it.

Watch the full video here:
https://www.youtube.com/watch?v=6U1dKq5nbHs

#LawFirmBookkeeping #IOLTA #LegalAccounting

Видео Most Law Firms Get This Wrong (3-Way Reconciliation) канала Chelsea Williams ⎸ Profit Kept