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Legal Accounting
Rating: 4.1 out of 5(41 ratings)
228 students

Legal Accounting

Solicitors Accounts Rules - based on UK bookkeeping rules.
Created byLisa Newton
Last updated 8/2016
English

What you'll learn

  • Understand the UK Solicitors Accounts Rules and how they apply to bookkeeping, legal cashiers, and accountancy
  • Gain confidence in managing the financial affairs of a solicitor's practice, including dealing with clients, suppliers, and tax authorities
  • Double entry bookkeeping
  • Petty Cash
  • Partnership accounts
  • How a solicitors office should run
  • How to keep accounting records
  • Recording transactions
  • Transfering client ledgers
  • Inter client transfers
  • Residual balances
  • Mixed money
  • VAT introduction
  • Disbursements
  • Bad debts
  • Deposit interest and client interest
  • Designated deposit accounts
  • Property and probate

Course content

10 sections49 lectures3h 45m total length
  • Introduction0:26

    Introduction to the course. Download and print the course workbook and follow the videos with it.

Requirements

  • An interest in accounting - whether you've studied it before or want to know more
  • Solicitors accounts and/or doing accounting for solicitors (especially in England, UK)

Description

Unlock the power of UK Solicitors Accounts Rules and take your bookkeeping skills to the next level with our Legal Accounting course!


Designed especially for bookkeepers, legal cashiers, and accountants who will be working for UK solicitors, this course is packed with practical lessons that will prepare you for the real-world challenges of managing accounts for law firms and practices.


Our engaging workbook and video course structure will guide you through the intricacies of double entry bookkeeping, petty cash, partnership accounts, client account, office account, VAT, and more. You'll also learn how to keep accounting records, record transactions, deal with residual balances, and handle interest.


But what sets our course apart is the practical approach we take to learning. You'll work through various tasks and exercises that will reinforce your learning and help you apply the concepts you've learned in real-world scenarios.


Whether you're looking to break into solicitors accounts, enhance your CV, or take on legal clients, our course is the perfect way to gain the skills and knowledge you need. And with our 100+ page workbook and 4 hour course, you'll have everything you need to succeed.


So why wait? Sign up today and take the first step towards a brighter more lucrative bookkeeping future!

Who this course is for:

  • Bookkeepers, Legal cashiers and Accountants
  • Students who are going for jobs where the requirement is to know about the solicitors accounts rules
  • Those who have studied accounting, but want specifically to know about accounting in law firms