Solicitors’Accounts
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Solicitors' accounts need to comply with The Solicitors' Accounts Rules 1998 (SAR). We have the specialised knowledge and resources to help you with the followings:
- Compliance with the basic principles of SAR
- The need to keep client and office money separate
- A form of account showing office and client account
- The definition of client money and the riles relating to receipt and payment out
- The definition of controlled trust money and the rules applicable
- The definition of office money
- Basic accounting entries (delivery of a bill to a client)
- Treatment of agreed fees as defined under the SAR
- Record keeping and powers of the Law Society to ensure compliance
- Advice on computerised accounting system
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