this product is unavailable for purchase using a firm account, please log in with a personal account to make this purchase.

Update on access to LIV member facilities.

For details, see our 

COVID-19 Hub
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 & TimeThursday 19 August 2021 9am–12.15pm
Format Workshop
Price

Member

$360.00

Non-Member

$480.00

CPD Units 3
  • Practice Management & Business Skills
Venue LIV Conference Room, Level 13, 140 William Street, Melbourne View Map

(Registrations from 8.30am)

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.

Further details below.

If you are a member of ILEX and would like to register please email register@liv.asn.au

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.