Legal Accounting
4.3 (6 ratings)
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Legal Accounting

Solicitors Accounts Rules - based on UK bookkeeping rules.
4.3 (6 ratings)
Instead of using a simple lifetime average, Udemy calculates a course's star rating by considering a number of different factors such as the number of ratings, the age of ratings, and the likelihood of fraudulent ratings.
32 students enrolled
Created by Lisa Newton
Last updated 8/2016
Current price: $10 Original price: $110 Discount: 91% off
5 hours left at this price!
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  • 4 hours on-demand video
  • 1 Article
  • 1 Supplemental Resource
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
What Will I Learn?
  • By the end of the course you will have a better understanding and grasp of the bookkeeping function within a law firm in England & Wales (UK)
  • In this course, you will learn about:
  • 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
View Curriculum
  • 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)

The Legal Bookkeeping course is about how to do solicitors accounts using the England & Wales (UK) Solicitors Accounts Rules (SARs).

The learning is structured in a practical way. There is a workbook which we work through together. You can pause the video at any point, have a go at the exercise yourself, and then watch the video, or watch the video, do the exercise, and then check your answers.

There are various tasks to complete. You are given the task to do and have a go at, and then the video answer is available. It is suggested that you:

  1. Read the task
  2. Watch the video
  3. Have a go at it yourself on your own system
  4. Rewatch the video (if necessary) - to reinforce the learning

You’ll learn about double entry bookkeeping, petty cash, partnership accounts, how a solicitors office should run, keeping accounting records, recording transactions, residual balances, client account, office account, vat, methods of dealing with interest, how a solicitors office should run - amongst over things.

This is a useful course if:

  • You are thinking of working in solicitors accounts
  • You are going for jobs which have a requirement for you to know about the solicitors accounts rules
  • You want to put this skill on your CV, or
  • You are a bookkeeper or accountant and are thinking of taking on legal clients (solicitors, lawyers)
  • You are a bookkeeper and want to 'get into' solicitors accounts

The course isn't based on any specific software. All exercises are based on excel spreadsheets, so you can apply the knowledge in this course to any (UK) law firm / practice that you work in.

The course materials includes a 100+ page workbook.

The course will take about 12 hours to complete.

It is relevant to the UK market (solicitors and lawyers).

Who is the target audience?
  • 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
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Curriculum For This Course
49 Lectures
Getting Started
1 Lecture 00:26

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

Preview 00:26
4 Lectures 11:50

Double entry bookkeeping

Preview 03:28

Petty Cash.

Preview 02:24

Partnership accounts.

Partnership accounts

An overview of the bookkeeping system.

The overview of the accounting system
Solicitors Office
4 Lectures 24:23

How a solicitors office should run.

How a solicitors office should run - audio

Explanation of how a solicitors office should run.

How a solicitors office should run

End of section recap.

End of the section

Tips on how to keep accounting records.

Keeping accounting records
Recording transactions
7 Lectures 24:53

Recording transactions.

Recording transactions

Transferring client ledgers.

Transfering client ledgers

Recording transfer from client to office.

Recording transfer from client to office

Making inter client transfers.

Inter client transfers

How to deal with residual balances on account.

Residual Balances

Mixing client and office money.

Mixed money

End of section - recap with questions and answers.

End of section Q&A
VAT - Value Added Tax
4 Lectures 05:51

Introduction to VAT.

VAT Introduction

Understanding disbursements.

VAT - Understanding disbursements

VAT and bad debts.

Preview 00:59

Sundry Receipts
2 Lectures 01:26

Posting receipts from the LSC.

Post receipts from LSC

Handing insurance commission.

Insurance commission
4 Lectures 09:03

Deposit interest and client interest.

Deposit interest and client interest

Methods of dealing with interest.

Methods of dealing with interest

Using separate designated deposit accounts.

Rule 29 - Separate designated accounts

End of section recap.

Preview 00:34
5 Lectures 14:45

Scenarios - worked examples.


Investigative powers.

Investigative powers

Delivery of accountants reports.

Delivery of accountants report

Summary of the course

In summary

Property and probate summary

Preview 01:06
17 Lectures 02:12:21

Multiple choice question and answer

Multiple choice

Worked example - exercise 1

Ex 1

Worked example - exercise 2

Ex 2

Worked example - exercise 3

Ex 3

Worked example - exercise 4

Ex 4

Worked example - exercise 5

Ex 5

Worked example - exercise 6

Ex 6

Worked example - exercise 7

Ex 7

Worked example - exercise 8

Ex 8

Worked example - exercise 9

Preview 01:08

Worked example - exercise 10

Ex 10

Worked example - exercise 11

Ex 11

Worked example - exercise 12

Ex 12

Worked example - exercise 13

Ex 13

Worked example - exercise 14

Ex 14

Worked example - exercise 15

Ex 15

Worked example - exercise 17

Ex 17
Concluding lecture
1 Lecture 00:16

Where to go to continue your learning.

Concluding lecture
About the Instructor
Lisa Newton
4.2 Average rating
387 Reviews
4,693 Students
100 Courses
Entrepreneur, Infopreneur & Serial Author

Lisa Newton BA MSc AAT has a masters degree in Investment Management and a first class honours degree in Accounting with Marketing. She formed her first company in 2004 with £150 in the same month of graduating from City University, London UK. Lisa has never had a full time 9 to 5 job in her life. She's a serial entrepreneur and author who holds directorships in various industries including telecoms, property management, publishing, hair & beauty as well as finance. She has won various awards in Business including: Young Entrepreneur of the Year Award 2007, in 2008 Enterprising Business Award, in 2016 BE Mogul Award and has been nominated and shortlisted in numerous others. In 2011 and in 2012 one of her companies won Best Accounting Franchisor Award. In 2015 and 2017 one of her companies won Best Bookkeeping Business London (Accountancy International Awards).

Lisa's books include: How to write a book in two weeks, Constant Cashflow, Make the most of your money, How to start your own bookkeeping business, Cosmic ordering with Vision Boards, How to Franchise Your Business and Quickbooks Online The Handbook. Some of the books are in audio-format on itunes and audible.

Lisa hosts her own show The Authors Podcast which can be found on the iTunes channel.

Lisa supports the charity The MS Society. A speaker, coach, consultant and an avid networker, Lisa enjoys meeting people and working on projects with like-minded individuals.

In her spare time, Lisa likes traveling, dancing salsa, writing books, learning languages, meditation, yoga and cosmic ordering.