Trust Accounting & IOLTA Reconciliation

What’s included

·       Audit-ready review of up to six months of trust account records, reconciliations, client ledgers, and supporting documentation to identify potential compliance issues before an audit occurs.

·       Monthly three-way trust reconciliations, including reconciliation of bank statements, trust liability balances, and client matter ledgers, with attorney review support and state bar reporting assistance where required.

·       Ongoing trust accounting compliance guidance focused on helping firms maintain proper recordkeeping, internal controls, and adherence to applicable state bar trust accounting requirements.

·       Quarterly trust account reviews to assist with required compliance reviews, certifications, and reporting obligations.

·       Audit preparation and support, including organization of trust accounting records, documentation review, response preparation, and assistance throughout the audit process.

·       Escheatment assistance for identifying dormant or unclaimed client funds and guidance through applicable state reporting and remittance requirements.

How it fits

This service may be provided as an ongoing monthly compliance engagement or as a standalone trust account cleanup project. Ongoing engagements help law firms maintain compliance through regular reconciliations, reviews, and reporting support. Standalone cleanup engagements are designed for firms with unreconciled trust accounts, historical discrepancies, incomplete records, or upcoming audits that require corrective action before transitioning to ongoing compliance procedures.

Who it’s for

Designed for law firms that maintain client trust accounts and are subject to state bar trust accounting requirements. This service is particularly valuable for solo practitioners, boutique firms, and growing practices seeking independent oversight, improved compliance processes, audit readiness, and confidence that trust funds are being managed in accordance with applicable professional responsibility rules. It is also well-suited for firms requiring a one-time trust account reconstruction or cleanup project to resolve historical issues and restore compliance.

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