Client a/c
Separate entries are recorded for: -
- Client Payments
- Client Receipts
- Inter client transfers
The information for recording the above is required on a weekly basis via cheque/lodgement book stubs & explanations.
Bank statements are required on a weekly basis and a reconciliation is balanced accordingly.
Reconciled bank balances are agreed with a client control a/c and a list of client balances on a weekly basis.
The following printed reports are filed monthly:
- Total client payments
- Total client receipts
- Total client transfers
- Bank/client ledger control a/c
- Bank reconciliation for current a/c and main deposit a/c
List of client balances agreeing with reconciled bank balance and control a/c
List of Client Debit balances should they occur.
Office a/c
Separate entries are recorded for: -
- Payments
- Receipts
- Transfers
- Fees
The information for recording the above payments & receipts is required on a weekly basis via cheque/lodgement stubs & bank statements (s.o & d.d etc.)
The posting information for recording fees is required from the Solicitor periodically, usually monthly.
All transactions are analysed by expense code (N.L.) and vat rate where appropriate.
Bank statements are required and a reconciliation balanced on a weekly basis.
The following printed reports are filed monthly:
- Total payments
- Total receipts
- Total transfers
- Total fees
- Client ledger control a/c
- Bank control a/c
- Income & Expenditure a/c
