Trust Accounting

Trust Accounting & Reconciliation

We support complete trust accounting and monthly reconciliation for personal injury law firms.

Our work focuses on keeping IOLTA activity, client/matter ledgers, trust liability, and accounting records properly connected.

Personal injury trust accounting cannot be managed only at the bank level. Each matter needs to be tracked properly. We prepare and maintain matter-wise client ledger analysis so that the firm can clearly see settlement funds received, checks issued, client payouts, medical provider payments, attorney fee transfers, and case cost reimbursements.

In PI accounting, timing differences are common. Checks may remain uncleared, deposits may be pending, and attorney fees may be transferred based on firm policy and settlement status. We review these items carefully while preparing reconciliation, so the trust liability reflects the right position on the reconciliation date.

During reconciliation, we flag items that need attention - unmatched deposits, uncleared checks, stale checks, negative matter balances, missing matter references, unusual or suspicious transactions, trust-to-operating transfer differences, and client ledger mismatches.

Trust accounting is not only about matching the bank statement. It is about knowing whether client funds are properly recorded, supported, and reconciled matter by matter. Our role is to prepare clean, review-ready trust accounting records for the firm, attorney, or CPA.