Trust Account Three-Way Reconciliation video
The bank, the trust journal and every client ledger drawn as three columns that must meet at one number, with every gap explained from its source document before the partner signs. 1:17
What the film shows
Reconciles trust bank statements, the trust journal and every client ledger, each month
Agents read the statement and every slip, check and wire, match each bank line to the journal, sum every client ledger and draw the three balances as columns that must meet. Each gap is explained from its source document with a proposed entry; the responsible attorney confirms the client, the Controller approves, and the trust account partner signs.
Transcript
- Trust Account Three-Way Reconciliation ties the bank, the journal and every client ledger, monthly.
- Trust rules are one in ten cited ethics violations in Washington.
- All four hundred three statement lines are read and matched to the journal.
- Outstanding checks and deposits in transit tie the bank to the journal.
- But the client ledgers are twelve thousand five hundred dollars short.
- An agent reads the wire: a refund for the Pennock estate, never posted.
- The controller approves, and all three columns meet at one number.
- One overdrawn ledger is traced to a misposted deposit slip, and fixed.
- Seventeen idle balances each get a next step before the state deadline.
- The partner signs October on day two, every difference explained.
- Built on Botminds: agents, data, screens and governance on one platform.
The narration as written for the film. Captions are on the player.