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Set up a Law Firm: create your Client Trust Account

If you are an attorney or a law firm and you hold client funds such as settlements or escrow money, you need to use one or more client trust accounts to segregate these funds from your general office funds. You can have one or more bank accounts designated as trust accounts, for the purpose of holding funds that belong, in whole or in part, to clients.

Each state has specific rules of professional and ethical conduct for handling client funds and the various accounts you might set up for those funds. Since failure to abide by those rules and practices could result in administrative, civil, or criminal sanctions, you should refer to your state's rules prior to setting up your client accounts in QuickBooks.

Detailed information

 

 

 

KB ID# HOW12863
12/3/2016 3:37:53 AM
QYPPRDQBKSWS05 9138 Pro 2017 b06988