How Three-Way Reconciliation Simplifies Trust Compliance (Full Transcript)

Match bank, trust, and client ledgers in one platform to flag discrepancies fast and generate compliance reports in clicks with MyCase.
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[00:00:00] Speaker 1: Compliance doesn't have to be complicated. Start with your bank statement and match it against your trust ledger, the running list of deposits and withdrawals. Then, match those against your client ledgers. That's your three-way reconciliation. And with 8am MyCase accounting, those records live in one secure platform. You can see every transaction, ledger, and balance all in one place. You'll also see potential discrepancies flagged instantly so nothing slips through the cracks. And because every record lives in one secure workplace, you can generate compliance reports in a matter of clicks. By using these tools, you're not just following the rules, you're reinforcing trust at every step. Less manual work and more control and client satisfaction. That's what modern trust accounting looks like with MyCase. you

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Arow Summary
The speaker explains that compliance in trust accounting can be simplified through three-way reconciliation: matching the bank statement to the trust ledger (deposits/withdrawals) and then to individual client ledgers. Using MyCase accounting, all records are kept in a single secure platform where transactions, ledgers, and balances are visible, discrepancies are flagged, and compliance reports can be generated quickly—reducing manual work while improving control and client trust.
Arow Title
Simplifying Trust Accounting Compliance with Three-Way Reconciliation
Arow Keywords
trust accounting Remove
compliance Remove
three-way reconciliation Remove
bank statement Remove
trust ledger Remove
client ledgers Remove
MyCase Remove
discrepancy detection Remove
compliance reports Remove
legal accounting Remove
Arow Key Takeaways
  • Trust accounting compliance starts with three-way reconciliation: bank statement vs trust ledger vs client ledgers.
  • Centralizing records in one secure platform improves visibility into transactions and balances.
  • Automated discrepancy flags help prevent errors from being missed.
  • Quickly generating compliance reports reduces manual effort and supports audits.
  • Streamlined processes reinforce client trust and increase satisfaction.
Arow Sentiments
Positive: The tone is reassuring and promotional, emphasizing ease, control, security, and improved client satisfaction through streamlined reconciliation and automated discrepancy flagging.
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