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Ccount Number For Month of Bank Prepared by Email Office Phone Office Fax PART I: Bank Statement Balance $ Plus: Deposits not yet recorded on bank statement but posted to check register & ledgers (Total of Schedule A) $ SUBTOTAL $ Less: Outstanding checks (Total of Schedule B) $ Plus or Minus: Other adjusting entries (Total of Schedule C) $ Reconciled bank balance as of TOTAL $ TOTAL $ TOTAL $ PART II: Checkbook, Check Register or Journal of Receipts and Disbursements: Bal.

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In order to comply with state bar regulations, the trust bank statement must be reconciled with the client ledgers (and thereby the trust ledger) on a quarterly, or even monthly, basis.

Trust account reconciliation is the act of making our bank statement compatible with our trust accounting software or manual records. Reconciliation also gives you an overview of any clarity across your trust accounting records, help you match them with transactions on your bank statement.

Monthly trust account reconciliations are required by A.R.S. § 32-2151(B)(2) and are intended to confirm the amount of funds on deposit in the trust bank account(s) is sufficient to pay the amount the broker holds in trust for tenants and owners (beneficiaries).

For trust fund record keeping purposes, two reconciliations must be made at the end of each month: 1. reconciliation of the bank account record (RE 4522) with the bank statement; and, 2. reconciliation of the bank account record (RE 4522) with the separate beneficiary or transaction records (RE 4523).

5 Easy Steps of Trust Reconciliation Step 1: Make sure your deposit records are complete. ... Step 2: Locate any uncleared deposit transactions. ... Step 3: Confirm your disbursement records. ... Step 5: Account for uncleared transactions.

A "reconciliation" is the accounting procedure that proves your trust transactions have been recorded accurately. For as long as any trust account remains open, reconciliation must occur monthly, whether there have been any trust transactions in that month or not (Rule 3-73(1)).

For Firms that use Trust bank accounts, reconciling these trust accounts is a very important aspect of ongoing compliance and administration. Reconciliation also gives you an overview of and clarity across your trust accounting records - matching them with transactions on your bank statement.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232