Practice Areas: Business Law, Criminal Law, Law Practice Management, Personal Injury, Real Property, Wills, Trusts & Estates
Original Production Date: 10/31/2023
Run Time: 1:00:00
ND Course Exp: 10/31/2028
What should go into an IOLTA Account... what should NOT go into an IOLTA Account? What is good recordkeeping? And why do I always have a negative balance?
Jessica Zoraida will answer all your key trust accounting questions and show you the best practices to remain compliant in your legal practice. Jessica will mainly cover: why good trust accounting is so critical, the risks of falling out of compliance, the benefits of adhering to best practices, Financial Statements basics, trust accounting requirements and what good trust accounting actually looks like. Additional subjects discussed in this CLE: the Model Trust Account Rules (MTAR), ethical & reputational risks of bad trust accounting, cash flow management, the Profit & Loss (P&L) or Income Statement, income & expenses, COGs (Cost of Goods Sold), assets & liabilities, shareholder equity, IOLTA Accounts, retainer vs. advanced deposits, client A/R software, Clio, Earned vs. Unearned Income, monthly reconciliations, FAQs, key takeaways and citations & references.
As a seasoned entrepreneur & CEO of Big Picture Results, Jessica focuses on helping profitable, growing companies make more money & do more in less time. Jessica has spent 25+ years navigating corporate, nonprofit & small business organizations.
offered in:
Alabama | Alaska | Arizona | California | Colorado | Connecticut | District of Columbia | Florida | Georgia | Illinois | Indiana | Maryland | Massachusetts | Michigan | Minnesota | Mississippi | Missouri | Nevada | New Hampshire | New Jersey | New York | North Dakota | Ohio | Oregon | Pennsylvania | Puerto Rico | South Dakota | Texas | Vermont | Virginia | Washington