Three-Way Trust Reconciliation
Monthly reconciliation and comparison of the trust bank, trust books and total client trust liabilities.
THE25THLAW FIRM FINANCIAL RESTORATION
by Morgan Financial Services
by Morgan Financial Services
Specialized bookkeeping and trust accounting for law firms.
The 25th provides monthly bookkeeping, three-way trust reconciliations, Clio and QuickBooks alignment, and financial cleanup. We work alongside your existing accountant to keep your firm’s records accurate, current and ready for year-end.
Request a confidential assessmentAvailable to law firms across Canada and the United States · Engagement scope is determined by jurisdiction and complexity
Specialist software credentials
01 / The difference
Bookkeeping is the service.
Financial restoration is the result.
We provide the specialized monthly bookkeeping law firms need while working alongside—not replacing—the firm’s existing accountant.
When the records are unreliable, entering more transactions does not correct the underlying problem. We determine what went wrong, reconstruct the affected records, verify the result and establish a stronger recurring process.
Why the name
The 25th is more than a name. It is a standard.
The name was inspired by an Ontario trust-accounting requirement: a law firm’s monthly trust reconciliation and comparison must be created within 25 days after each month-end.
The name reflects the discipline behind that obligation: accurate records, accountable processes and the confidence that comes from knowing the firm’s trust records are complete, current and supportable.
When historical discrepancies or incomplete records make that standard difficult to meet, The 25th restores the financial foundation and rebuilds the recurring process needed to move forward with clarity.
02 / Trust accounting & compliance readiness
Records that can withstand review.
Law firms must be able to demonstrate that their trust records are complete, current and supportable.
The 25th prepares and reconstructs monthly three-way trust reconciliations and comparisons, testing agreement among the reconciled trust bank balance, the trust accounting records and total client trust liabilities.
Reconciliation procedures, timing, documentation and review requirements are tailored to the rules of the firm’s governing jurisdiction.
We investigate discrepancies across Clio, QuickBooks, bank activity and client trust ledgers; correct unreliable financial history; and rebuild the recurring process needed to keep the records current.
Our work is designed to strengthen the firm’s financial records against applicable law society, state bar or other governing regulator requirements and improve readiness for accountant review, internal oversight or regulatory examination.
Clio and QuickBooks Alignment
Investigation and correction when practice-management, accounting and bank records do not agree.
Historical Trust Reconstruction
Rebuilding missing monthly comparisons, unresolved reconciling items and unsupported balances.
Regulatory Readiness
Books and supporting records organized for accountant review, internal oversight or regulatory examination.
03 / The increase
Our value is measured by what becomes stronger because we were involved.
Accuracy
Balances and reports that can be traced, supported and relied upon.
Control
A clear financial process management can understand and oversee.
Readiness
Better-organized records for year-end, professional review and compliance obligations.
Stability
Corrected workflows that reduce recurring errors.
04 / The 25th Restoration Framework
A disciplined method for resolving difficult financial problems.
We do not rush to adjust balances before understanding why they are wrong.
- 01
Assess
Define what is incomplete, unreliable or unsupported.
- 02
Trace
Follow discrepancies until their source is understood.
- 03
Correct
Reconstruct the history and repair the affected records.
- 04
Verify
Test balances and reports against reliable supporting information.
- 05
Stabilize
Build recurring procedures that protect the correction.
Confidential assessment
Start with the problem—not a generic service package.
Every potential engagement begins with an assessment of the firm’s bookkeeping needs, history, jurisdiction, complexity and work required. We work alongside the firm’s existing accountant. Services are limited to bookkeeping and financial restoration and do not constitute legal, tax or regulatory advice.
Request an assessment