Trust accounting leaves no room for error. We manage your trust account with disciplined daily processes, accurate reconciliations and a strong focus on compliance – keeping your records accurate, reliable and audit-ready.
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 accounting is not administrative bookkeeping. It requires disciplined processes, accurate reconciliations and a thorough understanding of trust account requirements. We take a structured, daily approach to managing trust accounts, helping ensure your records remain accurate, compliant and audit-ready.
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 simply a process. Our approach is built around daily oversight, disciplined systems and a thorough understanding of trust account requirements, so issues can be identified and addressed early — not at audit time.
Because we work with trust accounts every day, we understand the importance of accurate reconciliations, complete records and consistent processes. Our focus is on keeping your trust account accurate, compliant and audit-ready throughout the year.
Most importantly, you are supported by a team that understands the responsibility that comes with managing client trust money. We work alongside you with clear communication, reliable processes and the attention to detail trust accounting demands.
We review your existing trust accounting systems, reconciliation processes and current records to understand how your trust account is being managed.
We establish disciplined daily processes, accurate reconciliations and structured reporting aligned with your trust accounting requirements.
We manage your trust accounting on an ongoing basis, maintaining accurate records, regular reconciliations and year-round audit readiness.
Our approach to trust accounting is built on disciplined processes, accurate reconciliations and a strong understanding of the responsibilities involved in managing client funds.
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.
