Records, Ledgers and Reconciliation — SQE1 FLK2 Solicitors Accounts

Your client has paid you six thousand pounds and it is all still in the client account, and you still cannot send the completion money.
Practise this topic with exam-style questions: sqe1prep.co.uk/sqe1/solicitors-accounts?utm_so…
In this episode:
• The client ledger, not the client account, governs what you may pay
• Credits increase the balance, debits reduce it
• Reconcile at least every five weeks, three ways
• No transfer to office without a bill delivered first
• Principal method charges VAT, agency method does not
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.