Trust account reconciliation checklist
Checklist template
Check this template against your local regulations and your own policies before you use it.
- Business
- Location
- Date
Monthly reconciliation
In the first days of each month
| Done | Task | Time | Initials |
|---|---|---|---|
| Gather | |||
| Download the trust account bank statement for the month | |||
| Print the cash book and the trial balance of ledgers | |||
| Reconcile | |||
| Check the bank balance, less unpresented payments, plus unbanked deposits, equals the cash book | |||
| Check the cash book equals the total of all ledgers | |||
| List any unpresented or unidentified items and their dates | |||
| Check no ledger is overdrawnAn overdrawn ledger must be fixed at once. | |||
| Sign off | |||
| Have the licensee in charge review and sign the reconciliation | |||
| File the reconciliation and statements for audit | |||
- Completed by
- Checked by (manager)
- Date
- Notes
