Problems with Solicitors Accounts Rules

I have produced two sets of accounting records for solicitor clients.

The first client I have not had a problem with the client account auditor. The new client has had problems with a different client account auditor.

 

He has said that I have not produced double entry bookkeeping. My client has explained the problem further by saying “It relates to there not being a double entry system for each file for office and client he cited as you have seen rule 29 this is a real problem.”

I have produced accounts in exactly the same way for both clients. The transactions on the office account have been analysed by income/expense. The transactions on the client account have been analysed by client. I fail to see what else he requires. I will ask him but I think he wants to see ledgers for each client rather than the total transactions on the client account with a column for each client.

Also he wasn’t happy with me not producing bank reconciliations. I pointed out that the client account was prepared from the bank statements and therefore agreed to the bank statement. I had to produce a schedule for each month showing the bank statement balance and the client account balance as well as a zero difference between the two.

Comments
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With great respect...........

nigelburge |
nigelburge's picture

Sounds like you do have a problem

jonbryce |

Use this as a networking exercise

Jekyll and Hyde |

Another point

nigelburge |
nigelburge's picture

More information and questions

friendlyaccountant |

@friendlyaccountant

jonbryce |

Oyez

friendlyaccountant |