Law Practice Management

NJ Specific

New Jersey Trust and Business Accounting Guide for New Attorneys

Credits Available
Credit Status Total
New Jersey CLE Approved 1.2 Total
New York CLE Approved 1 Total
Pennsylvania CLE Approved 1 Total
OnDemand
59 minutes
Mark Cherry
With Mark S. Cherry from Mark S. Cherry Attorney at Law, PC
Recorded May 16, 2025
Product ID 99851

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Overview

Keep Meticulous Records and Prevent Errors

You've joined the ranks of NJ attorneys! Now comes the avalanche of new cases, client questions, deadlines, and more. Just keeping track of all the legal tasks is plenty - now you also have to worry about safeguarding clients' monies. Let us simplify the business/administrative side of things with the essential guide to managing client and firm funds and financial records effectively. Get practical guidance on establishing and maintaining client trust accounts, reconciling bank statements, and handling trust account disbursements. Avoid simple mistakes that can lead to misappropriation claims. Register today!

  • Gain a solid understanding of client trust account rules and regulations.
  • Learn best practices for establishing, maintaining, and reconciling trust accounts.
  • Develop effective strategies for tracking income and expenses.
  • Minimize the risk of financial errors and inadvertent rules violations.
  • Build a strong foundation for managing the financial aspects of your legal practice.

Abbreviated Agenda

  1. Trust Accounting Essentials
    1. Setting up Client Trust Accounts: Naming, Location, Depositories, etc.
    2. Dealing With Deposits, Disbursements, and Withdrawals
    3. Keeping Records of Trust Accounts
    4. IOLTA Accounts
    5. Preventing Common Mistakes
    6. Misappropriation of Client Funds
  2. Attorney Business Accounts: Keeping Your Books Sparkly Clean
    1. Creating Attorney Business Accounts and Setting up Access
    2. Receipts: What Must and Mustn't Go into Attorney Business Account
    3. Business Accounting Basics, Ledgers and Financial Statements
    4. Expenses, Interest, Transfer Charges, etc.
    5. Record Retention
    6. Preventing Misappropriation

Related Topics

Product ID 99851

Credit Details

Credits Available
Credit Status Total
New Jersey CLE Approved 1.2 Total
New York CLE Approved 1 Total
Pennsylvania CLE Approved 1 Total
Select Jurisdiction
CLE

Agenda

All times are shown in

  1. New Jersey Trust and Business Accounting Guide for New Attorneys

    1. Trust Accounting Essentials
      1. Setting up Client Trust Accounts: Naming, Location, Depositories, etc.
      2. Dealing With Deposits, Disbursements, and Withdrawals
      3. Keeping Records of Trust Accounts
      4. IOLTA Accounts
      5. Preventing Common Mistakes
      6. Misappropriation of Client Funds
    2. Attorney Business Accounts: Keeping Your Books Sparkly Clean
      1. Creating Attorney Business Accounts and Setting up Access
      2. Receipts: What Must and Mustn't Go into Attorney Business Account
      3. Business Accounting Basics, Ledgers and Financial Statements
      4. Expenses, Interest, Transfer Charges, etc.
      5. Record Retention
      6. Preventing Misappropriation

Who Should Attend

This basic level online seminar is designed for new attorneys in New Jersey who need to fulfill their new admit CLE coursework.

Speakers

Mark S Cherry
Mark S.
Cherry
Mark S. Cherry Attorney at Law, PC
Speaker bio
Mark S Cherry

Mark S. Cherry

Mark S. Cherry Attorney at Law, PC
Mark Cherry

is a self-employed attorney and certified public accountant in a general practice law firm in Cherry Hill, New Jersey. His firm has extensive experience in foreclosure prevention, real estate, tax law, and bankruptcy law. Mr. Cherry is admitted to practice in New Jersey, Pennsylvania, federal district courts, bankruptcy court, Federal Court of Appeals, and U.S. Tax Court. He is also qualified as a Certified Valuation Analyst (CVA) in business valuation and a Master Analyst in Financial Forensics (MAFF). Mr. Cherry is a member of the American Institute of Certified Public Accountants (AICPA) and American Association of Attorney-Certified Public Accountants (AAA-CPA). He earned his J.D. degree from the Delaware Law School of Widener University and his B.B.A. degree from Temple University (Moot Court Honor Society).

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