Regulatory and Compliance Training & Consultancy

Legal Cashier Training

Legal Finance Professionals provides the following Legal Cashier Training course.

• Legal Cashiers: An Introduction to Solicitors' Accounts

Legal Cashiers - An Introduction to Solicitors' Accounts (Live Webinar)

12.75 CPD Hours

PLEASE NOTE, THIS TRAINING IS SPREAD OVER FOUR SESSIONS SPACED OUT OVER A TWO WEEK PERIOD. CLICK THE ‘FIND A SCHEDULED COURSE BUTTON’ BELOW TO SEE DETAILS OF THE ACTUAL DATES.

This training course is designed to meet the needs of individuals seeking to learn about the role of a legal cashier. Ideally suited to those who have had some bookkeeping experience but either no experience or only limited experience of working in the legal sector.

Double Entry Bookkeeping

• Basic principals
• Income, expenditure, assets & liabilities
• Extracting a trial balance
• Case study

Accounting Records for Solicitors

• Office and client ledgers explained
• What records must be kept
• SRA guidelines for accounting systems & procedures

Bank Reconciliations

• How to reconcile a bank account
• Understanding reconciliations
• Case study

Regulation by the SRA

• The role of the COFA

Introduction to the SRA Accounts Rules

• Definition of client & office money
• Keeping client bank accounts
• Proper treatment of costs & disbursements
• Interest Rules
• Common problems & pitfalls

Introduction to VAT

• VAT on legal services
• VAT and disbursements

Money Laundering Regulations 2017

• The role of finance staff
• Law Society Guidance Anti-money Laundering Guidance for Finance Staff