Trust account violations rarely start with one big mistake. They start with small oversights that compound.
This Trust Account Red Flags Checklist covers six categories of warning signs — bank-level discrepancies, client ledger irregularities, billing and retainer patterns, authorization gaps, dormant funds, and software failures — so you can catch problems before they become bar complaints.
You can't fix what you don't catch.
This checklist helps you spot trust account problems before they become violations.
SOUND FAMILIAR?
Trust account issues rarely start with a dramatic mistake. They start with a pattern — a retainer transferred without an invoice, a reconciliation that's a little late, one client ledger that nobody looks at closely. By the time the problem is visible, it's already a compliance issue. And as the bookkeeper, you're in the middle of it.
Why You'll Love This Checklist:
✔ Helps you proactively scan for warning signs across every layer of the trust account — from the bank statement to the software settings to the authorization process
✔ Use it alongside your reconciliation, before any audit or year-end close, and any time something feels off.
WHAT'S INSIDE:
-
Bank-level red flags
-
Client ledger red flags
-
Reconciliation and recordkeeping red flags
-
Billing and retainer red flags
-
Authorization and oversight red flags
-
Dormant account and escheatment red flags
-
Software and process red flags
-
An action framework — so every identified issue gets resolved
Protect yourself, your clients, and your practice in the process.
Unlock This Checklist NowAlready planning to buy two or three resources?
Your Mastermind membership can quickly pay for itself.
If you think you'll want more than one template, checklist, or guide this year, there's a better option...
Join the Accountants Law Lab™ Mastermind Group
For $97/month, you'll receive:
- This resource included, plus every other member resource.
- Member-Only discounts and resources.
- Weekly live calls with Sarah & Lynda.
- A private community of accountants serving law firms.
- An expanding library of templates, checjlists, guides, and practical tools.
- Our 24/7 AI Mastermind Assistant to help you find answers faster.
- Peer support and networking.
Instead of purchasing resources one at a time, unlock the entire library and the expertise behind it.
Become a Member Instead