Entries by Caroline Kessler

Trust Account Bank Reconciliations

I have noticed several law firms are not reviewing the monthly bank reconciliations that are produced the law firm’s practice management system. It is extremely important that the legal practitioner of the law firm review and sign off the monthly bank reconciliations of the trust account. When reviewing the bank reconciliation, you should be checking […]

Importance of Following-up your outstanding debtors

Importance of Following-up your outstanding debtors Almost every business has to chase debtors – it’s crucial for healthy cash flow. However, time spent chasing debtors is time you can’t spend on your core work. That’s why it’s important to have a debtor’s follow up plan that makes the best use of your time. Below are some […]