Guide
Trust accounting for VIC law firms
Victorian firms face strict trust record-keeping expectations. A single system for matters and trust reduces double-handling between practice management and standalone ledgers. CounselOS is built in Melbourne with Sydney hosting for firm data.
General information only — not legal, accounting, migration, or compliance advice. CounselOS does not guarantee regulatory outcomes. Your firm remains responsible for professional obligations.
Updated
Reconciliation discipline
Schedule regular reconciliation and use software that flags unmatched items. Migration from legacy systems should preserve historical entries.
Practices Victorian firms ask about
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.
- Matter-level trust balances visible to authorised staff
- Approval inbox for payments and AI-related drafts
- Audit trail exportable for internal review