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

Legal Accounting

UK Solicitors Accounts Rules — Legal Bookkeeping, Client Ledgers and Double Entry for Law Firm Bookkeepers
Created byLisa Newton
Last updated 8/2016
English

What you'll learn

  • Understand and apply the UK Solicitors Accounts Rules to bookkeeping in a legal practice context
  • Manage client accounts, office accounts, inter-client transfers and residual balances in compliance with the Rules
  • Handle the full range of legal accounting transactions including disbursements, VAT, bad debts and deposit interest
  • Apply double entry bookkeeping principles within the specific structure of a solicitors' practice
  • Process property, probate and partnership transactions accurately within a legal accounting framework
  • Gain the confidence to work as a legal cashier, accounts assistant or bookkeeper within a UK law firm

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 and some prior exposure to bookkeeping principles is helpful
  • Relevant for those working in solicitors accounts or doing accounting for law firms in England and Wales

Description

If you work in a law firm — or want to — understanding the UK Solicitors Accounts Rules is not optional. In this course, I'll give you a thorough, practical grounding in legal accounting: how solicitors' finances are structured, what the rules require, and how to manage the accounts of a legal practice with accuracy and confidence.

This course is built around real legal accounting scenarios, not abstract theory. Working through the 100+ page accompanying workbook alongside the video lessons, you'll apply what you learn immediately — reinforcing your understanding through exercises that mirror the actual challenges of the job.

You'll cover the full range of topics a legal cashier or bookkeeper needs to master: double entry bookkeeping in a legal context, petty cash, partnership accounts, client and office accounts, inter-client transfers, transferring client ledgers, residual balances, mixed money, VAT, disbursements, bad debts, deposit interest, designated deposit accounts, and property and probate transactions.

I also walk you through how a solicitors' office should be structured and run from a financial perspective — giving you the broader operational context that helps everything else make sense.

Whether you're preparing for a role as a legal cashier, looking to add legal clients to your bookkeeping practice, or already working in a law firm and want to formalise your knowledge, this course gives you the skills and the confidence to do the job well.

No specialist qualification is required — an interest in accounting and some familiarity with bookkeeping principles will help you get the most from this course.

Enrol today and build the specialist knowledge that sets you apart in legal finance.

Who this course is for:

  • Bookkeepers and accountants who want to specialise in or take on clients from the legal sector
  • Legal cashiers and accounts assistants working in UK law firms who want to formalise their knowledge
  • Students pursuing a career in legal finance who need a practical foundation in solicitors accounts rules
  • Anyone preparing for a legal cashier role and wanting hands-on preparation beyond textbook study