Trust Accounting Done Right: A Step-by-Step Guide to 3-Way Reconciliation for Law Firms
- Average Rating:
- Not yet rated
- Available Credit:
- Ethics | General | Law Practice Management (LPM) | Professional Conduct
- Faculty:
- Kelley Brubaker
- Course Levels:
- Beginner
- Duration:
- 60 minutes
- Product Type:
- Webinar
- License:
- Never Expires.
Description
This program provides a practical, ethics-centered walkthrough of proper trust accounting practices, with particular emphasis on the required three-way trust reconciliation process. Participants will learn to distinguish between trust and operating accounts, understand why commingling and mismanagement of client funds are among the most common causes of disciplinary action, and identify the specific records and controls necessary to remain compliant with applicable rules of professional conduct.
Through step-by-step instruction and illustrative examples, the course explains each component of a three-way reconciliation—the trust bank statement, trust account register, and individual client ledgers—and demonstrates how discrepancies arise, how to investigate them, and how to properly document corrective actions. The program also highlights common trust accounting pitfalls, audit and recordkeeping expectations, reconciliation frequency requirements, and the ethical risks of relying solely on technology without adequate attorney oversight.
Credits
The State Bar of Arizona does not approve or accredit CLE activities for the Mandatory Continuing Legal Education requirement. This activity may qualify for up to 1.0 hour toward your annual CLE requirement for the State Bar of Arizona, including hours General credit.
Do not return this form to the State Bar unless you are audited. You are only required to file the Affidavit of Compliance on an annual basis.
THE STATE BAR OF ARIZONA DOES NOT MAINTAIN CLE RECORDS FOR ATTORNEYS. KEEP THIS IN YOUR CLE FILE.
REMINDER: To ensure compliance with Rule 45(f), Ariz.R.Sup.Ct., records of continuing legal education are to be maintained by the member for three years after the filing of your annual MCLE affidavit. Records may be maintained in an electronic format. Record retention requirements for other MCLE jurisdictions are the responsibility of the member to determine.
There is 1.0 hour of CLE credit, of which 1.0 hour is Ethics credit.
There is 1 hour of CLE credit, of which hour is Ethics credit. You will receive the activity number on your certificate, issued upon completion.
Certificate to show completion only. MCLE is not required in Maryland.
The State Bar of Massachusetts does not approve or accredit CLE activities for Sponsors. This activity may qualify for up to 1 hour(s) toward your annual CLE requirement for the State Bar of Massachusetts, including General credit.
There is 1 hour of Total CLE credit, of which hour is General credit. You will receive the activity number on your certificate, issued upon completion.
Certificate of Completion only: 1 hours training completed. Sponsor has not sought accreditation.
There is 1.0 hours of CLE credit, of which hours is Ethics credit. You will receive the activity number on your certificate, issued upon completion.
