Select from any of the filters or enter a search term
Calendar
Calendar
  • Currently unavailable. Please email the Bookshop at lawbooks@liv.asn.au
Bookkeepers Trust Recording Workshop

Bookkeepers Trust Recording Workshop

Date & TimeFriday 18 August 2017 9am–12.15pm
Format Workshop
Price

Member

$360.00

Non-Member

$360.00

CPD Units 3
  • Practice Management & Business Skills
Venue LIV Lecture Theatre, 470 Bourke St, Melbourne View Map

This workshop is suitable for bookkeepers new to trust account recording and anyone wanting a detailed understanding of the...

Further details below.

Further Details

  • Full Description

    This workshop is suitable for bookkeepers new to trust account recording and anyone wanting a detailed understanding of the changes brought about by the Legal Profession Uniform General Rules 2015, which commenced 1 July 2015. It will also be useful for anyone who has varied their practising certificate to receive trust money and support staff responsible for processing or maintaining trust account transactions/records.

    The following questions will be covered:

    • Do you know how to record an EFT payment if it is banked in one month but not receipted until the next?
    • Do you understand all the recording requirements for controlled money?
    • Do you know the difference between controlled money and investment money?
    • Do you know how to withdraw costs under rule 42 (four methods)?
    • Are you still running a buffer account?
    • Aggregating costs – what steps are involved?
    • What are the details required in the cash payments book for payments by EFT?
    • How much detail should the trust ledger carry?
    • When should statements of account be forwarded to clients under rule 52(4)?
  • Presenter

    A member of the LIV Compliance department

  • Learning Outcomes

    At the successful completion of this seminar, you will:

    • have an understanding of the requirements of the Uniform Law Part 4.2 Trust Money and Trust Accounts
    • have an understanding of the Uniform General Rules Chapter 4, Part 4.2 Trust Money and Trust Accounts
    • be able to ensure that trust money held by the law practice is done so in a manner that protects the interests of the persons for whom or on whose behalf it is held
    • avoid disciplinary action and penalties which may result from non-compliance.