Includes index.

Business Accounts -- Introduction -- -- Double Entry Bookkeeping -- -- Final Accounts -- -- Adjustments -- -- Partnership Accounts -- -- Introduction to Company Accounts -- -- Company Accounts: Regulation and Format -- -- Analysis of Accounts -- -- -- -- Solicitors' Accounts -- -- The SRA Accounts Rules 2019 -- -- Entries for Recording Simple Client Transactions -- -- Transfers -- -- Value Added Tax -- -- Splitting Cheques, Mixed Receipts and Dealing with Bills -- -- Miscellaneous Matters -- -- Accounting to the Client for Interest -- -- Financial Statements -- -- Accounting Problems for Solicitors -- -- Third Party Managed Accounts -- -- Compliance -- -- Extracts from the SRA Accounts Rules 2019

'Accounts for Solicitors' is a practical introduction to a subject that all practising solicitors need to understand. The text is divided into two parts: the first explains fundamental accounting concepts; the second deals with the accounts of solicitors and, in particular the need to account for a client's money. Accounts for Solicitors is a practical introduction to a subject that all practising solicitors need to understand. The text is divided into two parts: the first explains fundamental accounting concepts to allow students to read and interpret end of year accounts; the second deals with the accounts of solicitors and, in particular, the need to account for a clients money. Written in simple, non-technical language, Accounts for Solicitors provides a clear and comprehensive introduction to this complex subject with worked examples, self-test sections and key learning points at the end of each chapter to help illustrate and reinforce the unfamiliar, and often difficult, concepts involved. Part II has been updated to include discussion of recent SRA penalties on firms in relation to anti-money laundering system failures and the SRA's decision to defer minor amendments to the Accounts Rules while it reviews consumer protection arrangements more generally.