Lynda ArtesaniLegal Accountant and Data Migration Specialist at The Proper Trust

The Hidden Monsters in Your Books! #lawfirms #legalaccounting #podcast #yearend

16 Dec 2025 · 0 min

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0:24

In this brief podcast excerpt, the speakers highlight common, often overlooked items that can linger in a law firm's accounting records and cause problems at year‑end. They discuss the challenge of large, unresolved client balance lists—including tiny residual amounts—emphasize the need to audit trust ledgers for discrepancies, and point out the importance of clearing uncleared bank transactions and non‑cash checks that tend to sit unnoticed. The overall message is a call to systematically review and resolve these hidden items before closing the books to ensure compliance and accurate financial reporting.

We've had clients that they've got monstrous lists that they've never closed it down. And that even includes going through the list and saying, oh, this person has $0.35 left over. I need to address that.
Yeah. Yeah. Oh, on the trust side, going through the trust ledgers to see the trust ledgers.
Yeah.
What's not cleared the bank? Take a look at that.
Exactly. Non-cash checks. That's one that always just sits out there and hides.