Solicitors Accounts Rules - Essential Summary

  • 14 ratings, 736 users enrolled

Course Overview

Do you need a refresher on the accounts rules? Maybe you are setting up alone, or you’re newly responsible for a cashier? Maybe you are the new cashier! Whatever your circumstances, this easy to understand course explains the basics behind the accounts rules in three easily manageable 20 minute sections.

Starting with the basics including double entry bookkeeping and reconciliations, the webinar moves on to the specific duties owed to clients. Finally, learn about the broader management issues of your accounts, including the responsibilities of reporting accountants and how to review your own accounts for errors and issues.

With fully worked examples, notes for you to keep, and test scenarios to demonstrate your competence, this simple webinar is the essential accounts rules refresh for busy practitioners.

Topics

  • Client money and office money
  • Reconciliations and correcting errors
  • Duties owed to the client through the client account
  • Handling bills, disbursements and other payments on behalf of clients
  • Accounting to clients at the conclusion of the matter
  • Handling aged balances

What are the requirements?

  • Watch Series of 3 20 minute recorded webinar, including reference notes, discussion questions and optional evaluation form to test your legal knowledge
  • This course provides 1-2 CPD points (depending on length of time spent considering the discussion questions and completing the evaluation form)

Learning Outcomes

  • On completion of this course you will:

    • Be familiar with basics of double entry bookkeeping
    • Know how to audit and review your own accounts
    • Appreciate the importance of reporting accountant responsibilities and material breaches

What is the target audience?

  • Practitioners

Keywords

About Instructor - Katie Jackson

Katie Jackson is a consultant specialising in law firm compliance and regulation. A former Inspector for the Council for Licensed Conveyancers, Katie led and managed inspections of some of the largest conveyancing practices in the country. Prior to working for the CLC, Katie spent a number of years working in various inspection and policy roles for the Solicitors Regulation Authority, and Legal Services Commission.

Course Curriculum

recorded webinar

  • Part 1
    00:22:53
  • part 2
    00:18:51
  • Part 3
    00:19:07

Documentation

  • notes
    10 Page
  • Evaluation
    1 Page

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