Trust Account Management
Reliable, Compliant, and Tailored for Canadian Legal Professionals
Managing trust accounts is a critical responsibility for law firms, real estate professionals, and fiduciaries in Canada. At Bhatia Professional Corporation, we understand the complexities and regulatory requirements involved in maintaining trust accounts in full compliance with provincial law society rules, including those outlined by the Law Society of Ontario (LSO) and other governing bodies.
Our Trust Account Management services are designed specifically to help legal professionals and regulated industries ensure accurate record-keeping, segregation of funds, and compliance with audit standards, so they can focus on delivering the highest quality services to their clients—while we take care of the books.
What you got ?
What We Offer
✅ Trust Reconciliation & Ledger Management
We maintain detailed client trust ledgers, perform monthly reconciliations, and prepare reports required for internal or regulatory review. Our reconciliation practices ensure every dollar is accounted for and properly recorded.
✅ Compliance with Law Society Regulations
Our team stays up to date with trust accounting rules specific to your province. We prepare your records in accordance with guidelines set by the LSO, LSBC, Barreau du Québec, and other regulatory authorities. You’re always ready for an audit.
✅ Segregation of Funds & Transaction Monitoring
Trust funds must be handled with the utmost care. We implement strict controls to segregate trust funds from operating funds, and we track all inflows and outflows to ensure that no errors or violations occur.
✅ Audit-Ready Reporting
Whether you’re preparing for a random compliance audit or conducting internal reviews, our systems and reports are audit-ready, reducing stress and risk.
✅ Integrated Accounting Solutions
We work with popular legal accounting platforms and can integrate our services with your current practice management software. This streamlines processes while giving you a centralized view of your trust and general accounts.
Who We Help
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Law Firms & Sole Practitioners: Ensure every client’s funds are accounted for, safeguarded, and documented.
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Real Estate Lawyers & Conveyancers: Manage large transactions with detailed trust ledger entries and timely reconciliations.
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Immigration & Family Lawyers: Maintain separate ledgers for client advances, retainers, and court fees.
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Fiduciaries & Trustees: Record and report financial activity for estates and beneficiaries with full transparency.
Why Trust Bhatia Professional Corporation,?
🔹 10+ Years of Industry Experience
We have deep expertise in legal accounting and compliance in Canada. Our team knows what your regulator expects and how to deliver it with precision.
🔹 Personalized Attention
We tailor our services to your firm’s size and scope. Whether you handle a few trust accounts or dozens, we offer scalable solutions to suit your practice.
🔹 Peace of Mind
Avoid costly errors and penalties. Our proactive approach to trust account management helps you stay ahead of potential issues and maintain full compliance.
Get Started Today
At CPA Bhatia Legal, our Trust Account Management services go beyond bookkeeping—we offer complete compliance assurance with a personal touch. Contact us today to schedule a consultation and ensure your trust accounts are in expert hands.