Tech Tip #17: Implement Right Tools to Prevent Trust Accounting Mistakes
Trust accounting has a number of potential pitfalls like overdrafting client accounts, commingling funds and failing to identify a client matter for a particular transaction. The magnitude of requirements to maintain compliance can be difficult to remember. Using the right tools and technology will put safeguards into place to prevent mistakes, avoid violations and make sure your staff is properly equipped to maintain all trust accounting requirements. Learn more about how to ensure compliance when dealing with your trust accounting.