Legal Accounting

Solicitors Accounts Rules - based on UK bookkeeping rules.

Created by: Lisa Newton
Entrepreneur, Infopreneur & Serial Author

What Will I Learn?

• Understand the UK Solicitors Accounts Rules and how they apply to bookkeeping, legal cashiers, and accountancy
• Gain confidence in managing the financial affairs of a solicitor's practice, including dealing with clients, suppliers, and tax authorities
• Double entry bookkeeping
• Petty Cash
• Partnership accounts
• How a solicitors office should run
• How to keep accounting records
• Recording transactions
• Transfering client ledgers
• Inter client transfers
• Residual balances
• Mixed money
• VAT introduction
• Disbursements
• Bad debts
• Deposit interest and client interest
• Designated deposit accounts
• Property and probate

Requirements

• An interest in accounting - whether you've studied it before or want to know more
• Solicitors accounts and/or doing accounting for solicitors (especially in England, UK)

Target audience

• Bookkeepers, Legal cashiers and Accountants
• Students who are going for jobs where the requirement is to know about the solicitors accounts rules
• Those who have studied accounting, but want specifically to know about accounting in law firms