Three-Way Reconciliation: Bank, Journal and Client Ledgers
This lesson is part of the course
In this lesson
You adjust the bank balance for items in transit, roll the trust journal forward, compare both with the sum of the client ledgers and trace the difference to one mis-keyed balance.
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Lessons in this course
- Time Entries: 6-Minute Increments and Time-Keeper Rates Locked
- Task Codes per Matter: SUMIFS and a Cross-Tab Locked
- Write-Downs, Write-Offs and Realisation Rates Locked
- Comparing Fee Arrangements: Hourly, Blended, Fixed, Capped and Success Fees Locked
- Contingency Fees by Recovery Band and the Costs-First Rule Locked
- Matter Budget vs Actual: Burn Rate, Forecast and Overrun Locked
- Client Trust Ledgers: Running Balances and the Overdraft Check Locked
- Three-Way Reconciliation: Bank, Journal and Client Ledgers Locked