Paste your journal and enter the bank balance, then click Reconcile.
Result
| Reconciliation | Amount |
|---|
Findings
Client ledgers
| Client | Ledger balance | Cleared balance |
|---|
What it does, and what it leaves to you
- Checks: adjusted bank balance vs trust journal vs client ledgers; a negative client ledger on any date; payments made before the deposit cleared; firm money left in trust; transactions with no client; duplicates; stale outstanding checks; slow deposits; dormant balances.
- Explains differences: if one entry equals the difference, doubled entries, or transposed digits, it says so.
- Not decided: what your jurisdiction requires, reporting duties, interest and unclaimed property rules, whether a fee is earned, recordkeeping periods, or anything about your operating account. Your bar's guidance decides these.
Common questions
What is a three-way reconciliation?
Every month you compare three numbers for your client trust (IOLTA) account: the bank balance adjusted for outstanding items, the trust journal balance, and the sum of every client ledger. All three must agree to the cent.
Can a client ledger go negative?
No. A negative balance means one client's money was used to pay for another. Most jurisdictions require you to fix it immediately and some require a report. This tool flags the date a ledger first dropped below zero, even if it was repaid later.
Why does it ask which items have cleared?
Paying out against a deposit that has not cleared the bank spends other clients' money. Marking items cleared or not also gives you the deposits in transit and outstanding checks for the bank side of the reconciliation.
When does money have to leave the trust account?
Earned fees must be moved to the operating account promptly, and unclaimed client balances usually must be refunded or reported. Rules differ by state and country, so check yours.
Is my client data uploaded anywhere?
No. Everything is calculated in your browser and nothing is sent. Use initials or matter numbers instead of names if you prefer.