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IOLTA (Trust) Account Reconciliation

This bot reconciles the IOLTA (Trust) account.

Industry:

Legal

Banking

Function:

Accounting

Reconciliation

Auditing

Case Management

Law Firm Management

Steps

  1. Compare cash inflows/deposits, listed on your bank statement and compare them to the deposits in your trust accounting records.
  2. Log any uncleared deposit transactions.
  3. Confirm disbursement records.
  4. Log any uncleared disbursement records.
  5. Compare adjusted ending balance with month-end balance in trust account.
  6. Update Exceptions and Results log.

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