College of Law LPC: Accounts for Solicitors 2008/2009

Subjects:

Legal Manuals, Legal Practice Management

Contents:

Accounting Principles

Basic Bookkeeping - An Introduction

Basic Bookkeeping - The Double Entry System

Final Accounts - Preparation of Profit and Loss Account

Final Accounts - Preparation of Balance Sheet

Adjustments

Partnerships

Company Accounts

How to Analyse Accounts

Accounts for a Solicitor's Practice

The Solicitors' Accounts Rules

Simple Entries for Solicitors

Transfers

Value Added Tax

Splitting Cheques and Receiving Cheques in Payment of a Bill

Accounting to the Client for Interest

Financial Statements

Accounting Problems for Solicitors

Compliance

Text of the Solicitors' Accounts Rules

Accounts for Solicitors is a practical introduction to a subject that all practising solicitors need to understand. The text is divided into two parts, the first leading the reader through the fundamentals of double entry bookkeeping, the second dealing with the accounts of solicitors and, in particular, the need to account for a client's money in respect of the Solicitors' Accounts Rules.

Written in simple, non-technical language, Accounts for Solicitors provides a clear and comprehensive introduction to this complex subject with worked examples, self-test sections and key learning points at the end of each chapter to help illustrate and reinforce the unfamiliar, and often difficult, concepts involved.