Legal Cashiers - An Introduction to Solicitors' Accounts

Legal Finance Professionals Limited

Training

In London

£ 595 + VAT

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Description

  • Type

    Training

  • Level

    Beginner

  • Location

    London

  • Class hours

    12h

  • Duration

    2 Days

Double Entry Bookkeeping
Basic principals
Income, expenditure, assets & liabilities
Extracting a trial balance
Case study
Accounting Records for Solicitors
Office and client ledgers explained
What records must be kept
SRA guidelines for accounting systems & procedures
Bank Reconciliations
How to reconcile a bank account
Understanding reconciliations
Case study
Regulation by the SRA
The role of the COFA
Introduction to the SRA Accounts Rules 2011/2018
Definition of client & office money
Keeping client bank accounts
Proper treatment of costs & disbursements
Interest Rules
Common problems & pitfalls
Introduction to VAT
VAT on legal services
VAT and disbursements
Money Laundering Regulations 2017
The role of finance staff
Law Society Guidance Anti-money Laundering Guidance for Finance Staff

Facilities

Location

Start date

London
See map
London

Start date

On request

About this course

This course is designed to meet the needs of individuals seeking to learn about the role of a legal cashier. Ideally suited to those who have no prior bookkeeping experience, including sole practitioners setting up their own firms.

On receiving your request, we will contact you with details of how you can book a place on this course.

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Reviews

Subjects

  • Bookkeeping
  • Accounts
  • Anti-money Laundering
  • VAT
  • Finance
  • Law
  • Systems
  • SRA Accounts Rules
  • Role of COFA
  • Legal Accounts

Teachers and trainers (1)

Richard Lane

Richard Lane

Director - Legal Finance Professionals Limited

Course programme

Double Entry Bookkeeping

  • Basic principals
  • Income, expenditure, assets & liabilities
  • Extracting a trial balance
  • Case study

Accounting Records for Solicitors

  • Office and client ledgers explained
  • What records must be kept
  • SRA guidelines for accounting systems & procedures

Bank Reconciliations

  • How to reconcile a bank account
  • Understanding reconciliations
  • Case study

Regulation by the SRA

  • The role of the COFA

Introduction to the SRA Accounts Rules 2011/2018

  • Definition of client & office money
  • Keeping client bank accounts
  • Proper treatment of costs & disbursements
  • Interest Rules
  • Common problems & pitfalls

Introduction to VAT

  • VAT on legal services
  • VAT and disbursements

Money Laundering Regulations 2017

  • The role of finance staff
  • Law Society Guidance Anti-money Laundering Guidance for Finance Staff

See related categories

Legal Cashiers - An Introduction to Solicitors' Accounts

£ 595 + VAT

The best Other Accounting courses

See all

See all