US Trust IOLTA Ledger

Legal trust / IOLTA client-funds accounting with no-commingling, no-overdraft and three-way reconciliation guardrails

Key Features

Trust bank accounts - pooled IOLTA or separate

Trust bank accounts - pooled IOLTA or separate single-client trust accounts, each mapped to a trust-bank (asset) and client-funds (liability) GL account.

Per-client / per-matter sub-ledgers - the pooled bank

Per-client / per-matter sub-ledgers - the pooled bank balance is broken down client by client and matter by matter, with a real running balance.

Trust transactions - deposits / retainers in, disbursements

Trust transactions - deposits / retainers in, disbursements out, and earned-fee transfers from trust to the operating account. Every transaction posts a real, balanced journal entry (never an invoice).

No-overdraft / no-commingling block - a disbursement or

No-overdraft / no-commingling block - a disbursement or earned-fee transfer that exceeds a client's own trust balance is HARD-BLOCKED, even when the pooled account holds other clients' cash. A client balance can never go negative.

Three-way reconciliation - prove bank balance = book

Three-way reconciliation - prove bank balance = book balance = sum of all client sub-ledgers, with an automatic variance flag.

Bar-compliance report - every client ledger balance, the

Bar-compliance report - every client ledger balance, the three-way status, and detective flags for overdrawn clients, variances, commingling (unattributed trust funds) and missing/stale reconciliations.