"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.

Table of Contents

Accounting PrinciplesBasic Bookkeeping - An IntroductionBasic Bookkeeping - The Double Entry SystemFinal Accounts - Preparation of Profit and Loss AccountFinal Accounts - Preparation of Balance SheetAdjustmentsPartnershipsCompany AccountsHow to Analyse AccountsAccounts for a Solicitor's PracticeThe Solicitors' Accounts RulesSimple Entries for SolicitorsTransfersValue Added TaxSplitting Cheques and Receiving Cheques in Payment of a BillAccounting to the Client for InterestFinancial StatementsAccounting Problems for SolicitorsComplianceText of the Solicitors' Accounts Rules

Author Biography

Lesley King is Private Client Practice Head at The College of Law in London.