Introduction to Solicitors Accounts — SQE1 FLK2 Solicitors Accounts

A bank offers a new firm one account with every deposit tagged as client or firm money, and taking it would be a serious breach.
Practise this topic with exam-style questions: sqe1prep.co.uk/sqe1/solicitors-accounts?utm_so…
In this episode:
• Client money and office money never share an account
• The client account is not a banking facility
• Reconcile at least every five weeks, keep records six years
• Money in credits the client ledger and debits the client bank
• How the cash book, client ledger and office ledger fit together
Narrated by an AI voice from a script written and checked by the editors at sqe1prep.co.uk. Educational content only — not legal advice. SQE1 Prep is not affiliated with or endorsed by the SRA or Kaplan.