The Trust Accounting module of Smokeball practice management software has been certified by The Law Society of NSW.
Trust accounting errors and compliance shortcomings can have a devastating effect on the career and finances of lawyers. There is almost nothing worse in managing a firm than having to top up a trust bank account with personal funds because of a bookkeeping error.
Another major issue is ensuring compliance with very rigid (and sometimes non-intuitive) trust accounting regulations.
Because of the financial ramifications of errors, and the penalties and embarrassment of compliance failures, there are few other administrative functions in a law firm that gives rise to greater fear than trust accounting mishaps.
While it might be going too far to say that lawyers using Smokeball can now relax, they know that using Smokeball correctly will ensure compliance and lead to smoother compliance audits.
Learn more at www.smokeball.com.au