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Bookkeeping for Solicitors Training

Legal Finance Professionals offer a Bookkeeping for Solicitors training course.

Basic Bookkeeping for Solicitors

6 CPD Hours

Double Entry Bookkeeping

  • Basic principals
  • Income, expenditure, assets & liabilities
  • Extracting a trial balance
  • Case study

Accounting Records for Solicitors

  • Office and client ledgers explained
  • What records must be kept
  • SRA guidelines for accounting systems & procedures
  • Computerised v's manual accounting records

Bank Reconciliations

  • How to reconcile a bank account
  • Understanding reconciliations
  • Case study

Introduction to the Solicitors' Accounts Rules 1998

  • Definition of client & office money
  • Keeping client bank accounts
  • Proper treatment of costs & disbursements
  • Deposit Interest Rules
  • Accountant's Report requirements
  • Common problems & pitfalls

Introduction to VAT

  • VAT on legal services
  • VAT and disbursements

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