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You are here: Trust Accounting Fundamentals / R. FOR YOUR REFERENCE / Resources

Resources

  • Law Society Financial Accountability Rules
  • Law Society Practice Directions
  • Trust Safety Program Guideline
  • Forms:
    1. Letter of Direction
    2. Unlocatable Client (Legal Profession Act s. 51 remittance)
  • Accounting Record Templates
  • Reconciliations Review Checklists
  • Accounting Record Examples
  • eRegistration through Teranet Manitoba LP for the Manitoba Property Registry, Law Society Requirements and FAQs

Course Navigation

  • A. INTRODUCTION
    • 1. Objectives
    • 2. Overview of the Trust Safety Program
    • 3. Relevant Legislation
  • B. TRUST ACCOUNT SUPERVISOR
    • 1. Requirements for All Firms
    • 2. Becoming a Trust Account Supervisor
    • 3. Responsibilities of the Trust Account Supervisor
    • 4. Trust Account Supervisor Absences
  • C. TRUST BANK ACCOUNTS
    • 1. Pooled Trust Account
    • 2. Specific Trust Investment Account
    • 3. Restricted Trust Account
  • D. HANDLING OF TRUST MONEY
    • 1. Trust Money – The Client’s Money
    • 2. Types of Deposits
    • 3. Withdrawals
    • 4. Confirming Funds are Available – “Hold Periods”
    • 5. Payment to Teranet Manitoba
    • 6. Transferring Funds Between Client Ledgers
    • 7. Cash Transactions
  • E. RECORD KEEPING
    • 1. Choosing an Accounting System
    • 2. Required Records
    • 3. Illustrations
    • 4. Record Storage
  • F. MONTHLY TRUST RECONCILIATIONS
    • 1. Overview
    • 2. Completing a Pooled Trust Account Monthly Reconciliation
    • 3. Reconciling Items
    • 4. Stale-Dated Cheques and Stop Payments
  • G. SPECIFIC TRUST INVESTMENT ACCOUNT
    • 1. Completing a Monthly Reconciliation
  • H. RESTRICTED TRUST ACCOUNT
  • I. GENERAL BANK ACCOUNT
    • 1. Required Records
  • J. RESPONSIBLE BILLING PRACTICES
  • K. COMPLETED MATTERS
  • L. INACTIVE MATTERS
  • M. WHEN A LAWYER LEAVES A FIRM
  • N. ACTING IN A DUAL CAPACITY
  • O. MEDIATION AND ARBITRATION FEES
  • P. OTHER VALUABLE PROPERTY
  • Q. FRAUD AWARENESS
  • R. FOR YOUR REFERENCE
    • Glossary Of Terms
    • Resources

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