NSW – General Trust Account – Payments & Journal Transfers

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In this module, we will cover

  1. Withdrawal of trust fund from general trust account
  2. Withdrawal of trust fund in Cash, Cheque or EFT
  3. Overdrawn trust account/ledger
  4. Transferring money from general trust to office
  5. Trust journal transfers

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NSW – General Trust Account – Receipts & Banking

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In this module, we will cover:-

1. Receipting of trust money by Cash, Cheque or EFT

2. Deposit records of trust money

3. How to cancel a receipt?

4. Dealing with cash transaction of amount over $10,000.00

5. Dealing with unidentified deposit & dishonoured cheque

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NSW – Legal Accounting Trust Money Overview

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Welcome to Trust Money overview?   This topic covers

  1. The definition of  trust money
  2. Types of trust money
  3. Requirements when establishing a new trust account
  4. Record of information to be kept by the law practice
  5. External Examinations and Routine Investigations

We will review this through interactive slides and links to various sections from the following:

  • Legal Profession Uniform Law Australian Solicitors’ Conduct Rules 2015
  • Legal Profession Uniform Legal Practice (Solicitors) Rules 2015
  • Legal Profession Uniform Continuing Professional Development (Solicitors) Rules 2015

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