Trust account bookkeeping leaves no room for error. For law firms and real estate agencies, we manage your trust accounts with daily discipline, ensuring accuracy, compliance, and confidence.
Trust accounting is the management of client funds held in trust, where every transaction must be recorded accurately and handled in line with strict regulatory requirements.
For law firms and real estate agencies, this means maintaining clear, up-to-date trust account records that can withstand audit at any time.
Managing trust accounts requires more than accuracy. It requires consistent oversight and a clear understanding of the regulatory environment.
Even small discrepancies can lead to audit issues, reputational risk, or licence implications. We manage your trust account bookkeeping with structured processes that ensure transactions are reconciled daily, records are complete, and compliance is maintained at all times.
Based in Melbourne, Balanced Advisory Co supports law firms and real estate agencies with trust accounting and bookkeeping services, ensuring trust accounts are handled properly and remain audit-ready.
Trust account bookkeeping is not administrative bookkeeping. It demands disciplined systems and regulatory precision. We take a structured, daily approach to managing trust accounts so that accuracy and compliance are never left to chance.
Daily trust reconciliation Trust ledgers are reconciled consistently to confirm accuracy and detect discrepancies immediately.
Legislative compliance monitoring Trust accounts are maintained in alignment with Legal Services Board and Consumer Affairs Victoria requirements.
Segregation of client funds Strict controls ensure trust monies remain fully separated from operating accounts.
Matter & property ledger management Every transaction is allocated accurately to the relevant matter or property.
Audit-ready documentation Records are maintained in a format that supports external audit and regulatory review.
We treat trust accounting as a responsibility, not just a process. Our approach is built on daily oversight, clear systems, and a deep understanding of regulatory requirements, so issues are identified early – not at audit time.
Because we work in trust accounting every day, we know what auditors look for and how to keep records consistently audit-ready. We focus on accuracy, transparency, and steady communication, which removes guesswork and reduces stress for our clients.
Most importantly, we work alongside you. You’re supported by specialists in financial advisory who understand the weight of trust money and take that responsibility as seriously as you do.
We review your existing trust accounting systems, reconciliation procedures and compliance exposure.
Disciplined daily reconciliation processes and structured reporting systems aligned with regulatory requirements.
We maintain proactive compliance monitoring and ensure continuous audit readiness.
We combine technical precision with structured complianc eoversight to provide audit-ready documentation.
I have known Vanessa Yates for over 20 years, having had the pleasure of working alongside her across three different real estate agencies during that time. Her depth of knowledge. professionalism. and unwavering integrity have always stood out…
Their attention to detail, reliability, and industry expertise ensure everything runs smoothly and compliantly. I have complete confidence in their work and would highly recommend Vanessa and her team to any business looking for trusted and bookkeeping support.
C H R I S P.
Our Trust Accounting
Service Is Designed For Organisations That:
Trust accounting services ensure client funds are reconciled daily, recorded accurately and maintained in accordance with state regulatory requirements. They include reconciliation, compliance monitoring and audit-ready documentation.
Law firms must maintain trust accounts in accordance with Legal Services Board regulations, including reconciliation, reporting and audit obligations.
Real estate agencies must comply with Consumer Affairs Victoria requirements governing reconciliation, record keeping and audit processes.
Yes. Our systems are structured to support audit preparation and regulatory review at any time.
If trust account accuracy and regulatory compliance are non-negotiable for
your Law Firm or Real Estate Agency, we welcome a conversation.
