Accounts for Solicitors is a practical introduction both Business Accounts and Solicitor's Accounts and is divided into two parts: the first explains fundamental accounting concepts to allow students to read and interpret end of year accounts; the second deals with the accounts of solicitors and, in particular, the need to account for a client’s money in accordance with the Solicitors’ Accounts Rules.
Contents
Business Accounts
Introduction
Double Entry Bookkeeping
Final Accounts
Adjustments
Partnership Accounts
Introduction to Company Accounts
Company Accounts: Regulation and Format
Analysis of Accounts
Solicitors’ Accounts
The SRA Accounts Rules 2011
Simple Entries for Recording Client Transactions
Transfers
Value Added Tax
Splitting Cheques and Receiving Cheques in Payment of a Bill
Accounting to the Client for Interest
Financial Statements
Accounting Problems for Solicitors
Compliance
Extracts from the SRA Accounts Rules 2011