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IT

IOLTA (Trust) Account Self-Audit

Monthly, this bot performs a self-audit on the Client Trust bank account.

Function:

Case Management

Law Firm Management

Steps

  1. Check to make sure there are no split deposits.
  2. Check to make sure there is a Client Trust Ledger for each client.
  3. Check to make sure there are no deposits going in to the Trust account other than credit card fee adjustments.
  4. Check to make sure the checkbook trust balance matches the bank balance and matches the individual Client Trust Ledger.
  5. Check to make sure the Client Name and Matter appear on the memo line of every check.
  6. Check to make sure Interest is accounted for correctly.
  7. Update Audit Log and send final report to distribution list.

Popular Applications

Our services are not limited to these applications. This bot is available for any cloud based application.

Bill.com

Bill.com
Bill.com

Infor

Infor
Infor

NetSuite

NetSuite
NetSuite

ProfitBooks

ProfitBooks
ProfitBooks

Sage Intacct

Sage Intacct
Sage Intacct

Xero

Xero
Xero

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IT

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