Guide
Trust accounting for NSW law firms
NSW firms must meet Legal Profession Uniform Law trust requirements. Software should improve visibility of balances, approvals, and reconciliation — not guarantee compliance. CounselOS applies state-specific trust rules from configuration rather than hard-coded shortcuts.
General information only — not legal, accounting, migration, or compliance advice. CounselOS does not guarantee regulatory outcomes. Your firm remains responsible for professional obligations.
Updated
Typical workflow supports
Confirm with your compliance adviser how your firm interprets current NSW obligations.
- Receipts and payments linked to matters
- Principal review of trust movements in an approval inbox
- Reports for internal and external accountant review
NSW firm checklist
This article is general information for Australian legal practices — not legal, accounting, or compliance advice. Your firm remains responsible for professional obligations in your jurisdiction.
- Separate trust and office accounts in software
- Document authorisation for each payment
- Monthly reconciliation to bank statements
- Migration validation report if switching platforms