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
When the books can no longer be trusted, routine bookkeeping is not enough.
The 25th investigates complex bookkeeping and trust-account problems, corrects the history and rebuilds the financial process—so your firm can move forward with confidence.
Request a confidential assessment ↗Available to law firms across Canada and the United States · Engagement scope is determined by jurisdiction and complexity
01 / The difference
Not catch-up bookkeeping.
Financial restoration.
Entering more transactions into an unreliable system does not correct the underlying problem.
We determine what went wrong, how far it extends and what must change. Then we reconstruct the affected records, verify the result and establish a process designed to prevent the same breakdown from returning.
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.
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 requirements and improve readiness for accountant review, internal oversight or a Law Society spot audit.
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.
Law Society Readiness
Books and supporting records organized for accountant review, internal oversight or spot-audit preparation.
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 history, jurisdiction, complexity, exposure and work required. Services are limited to bookkeeping and financial restoration and do not constitute legal, tax or regulatory advice.
Request an assessment ↗