Trust Accounting & IOLTA Compliance
Trust accounting is critical to the ethical operation of a law firm. We ensure your firm’s trust accounts are managed according to the highest standards of compliance, reducing risk and ensuring client funds are handled with care.
- IOLTA Account Management: We handle all aspects of your IOLTA accounts, ensuring compliance with local bar association rules and regulations.
- Detailed Record Keeping: We provide transparent and accurate record-keeping, allowing you to easily track and report on trust account activity.
- Three-Way Reconciliations: We conduct regular three-way reconciliations (client ledger, trust ledger, and bank statements) to prevent any discrepancies.
- Audit Preparation: If your firm is selected for a trust account audit, we ensure that your books are in perfect order and fully compliant with legal standards.
Why Trust Accounting and IOLTA Compliance Matter
Trust accounting and IOLTA compliance are critical to the ethical and professional operation of any law firm. These processes ensure that client funds are handled with the utmost care, transparency, and in accordance with legal and regulatory standards. Proper trust accounting protects your clients’ money, maintains their trust in your firm, and prevents costly penalties or sanctions that can arise from non-compliance. By choosing Manifest Bookkeeping, you gain a partner who specializes in managing trust accounts with precision—conducting regular three-way reconciliations, maintaining detailed records, and ensuring your IOLTA accounts are fully compliant with bar association rules. With our expertise, you can focus on practicing law while we safeguard your firm’s integrity.