Trust
Find the trust problem before the auditor does.
FirmIntel checks every client trust ledger for shortfalls and money that has sat too long, and shows the rule behind each one.
What it watches
The two things an auditor looks for first.
ShortfallsCritical
A client's trust ledger drops below zero. Another client's money is covering it until it's fixed.
Money that has sat too longReview
A trust balance with no activity for longer than your firm's policy allows.
One shortfall, start to finish
From the first sign to a closed item.
It's flagged.
North by Northwest goes $5,913.25 short after a disbursement posts.
Critical · Trust shortfallThe rule is shown.
In British Columbia, a shortage over $2,500 must be reported to the Law Society.
LSBC Rule 3-74Your team acts.
It lands in the Action Inbox, where someone takes action or delegates it.
Action InboxIt closes when it's fixed.
The item can't be resolved while the ledger is still short.
Back above zeroBuilt for how trust actually works
Clear about what it does, and what stays with you.
Your law society's rule.
Each shortfall shows the rule that applies to your firm, in plain words, with its citation.
Your firm's own policy.
You decide how long is too long for money to sit untouched.
Your decision.
FirmIntel flags and explains. Whether to report, and the report itself, stay with you.
Shortfalls and dormant balances are where it starts. More trust monitoring is on the way.
Questions
What partners ask us about trust.
Does FirmIntel guarantee compliance?
No. It helps you find exceptions early and shows the rule behind them. Your firm stays responsible for meeting its law society's requirements.
Does it file reports with the law society?
No. FirmIntel shows when a rule may require a report. The decision, and the report itself, stay with the firm.
Does it replace our trust reconciliation?
No. It watches your ledgers between reconciliations, so problems surface before month end, not after.
Which systems does it work with?
FirmIntel works alongside your existing legal accounting and practice-management systems. We'll go through yours on a call.
Would you pass a trust audit tomorrow?
See your trust ledgers the way an auditor would, before one does.
Book a demo