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

Buy This Course

Course Includes
$149

OnDemand Video

Course Book Download

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

Credit Details by Jurisdiction

CLE Credits
New Jersey CLE Approved · 1.2 Total Credits

Earn Until

OnDemand - New Jersey CLE - 1.2: This program has been approved by the Board on Continuing Legal Education of the Supreme Court of New Jersey for 1.20 hours of alternative format CLE credit. Of these, 0.0 qualify as hours of alternative learning format credit for ethics/professionalism and 1.2 qualify as hours of newly admitted credit toward New Jersey Trusts and Business Accounting. No more than 12.0 hours of alternative learning format CLE credit may be earned during a reporting period.

Video Download - New Jersey CLE - 1.2: This program has been approved by the Board on Continuing Legal Education of the Supreme Court of New Jersey for 1.20 hours of alternative format CLE credit. Of these, 0.0 qualify as hours of alternative learning format credit for ethics/professionalism and 1.2 qualify as hours of newly admitted credit toward New Jersey Trusts and Business Accounting. No more than 12.0 hours of alternative learning format CLE credit may be earned during a reporting period.

New York CLE Approved · 1 Total Credits
  • 1 Skills

Earn Until

OnDemand - New York CLE - 1: This nontraditional format course has been approved in accordance with the requirements of the New York State Continuing Legal Education Board for up to 1.0 credit hours. 1.0 hours can be applied to the skills requirement and is approved for experienced attorneys. NBI, Inc. offers a Financial Hardship Policy for qualifying individuals. To apply, please submit a request via email to our Tuition Discount Committee at customerservice@nbi-sems.com.

Video Download - New York CLE - 1: This nontraditional format course has been approved in accordance with the requirements of the New York State Continuing Legal Education Board for up to 1.0 credit hours. 1.0 hours can be applied to the skills requirement and is approved for experienced attorneys. NBI, Inc. offers a Financial Hardship Policy for qualifying individuals. To apply, please submit a request via email to our Tuition Discount Committee at customerservice@nbi-sems.com.

Pennsylvania CLE Approved · 1 Total Credits

Earn Until

OnDemand - Pennsylvania CLE - 1: This program has been approved by the Pennsylvania Continuing Legal Education Board. This program may qualify for up to 1.0 hours of distance learning credit, including 1.0 hours of substantive law, practice and procedure CLE credit and 0.0 hour of ethics, professionalism or substance abuse distance learning CLE credit. No more than 6.0 hours of distance learning CLE credit may be earned during a reporting period.

Video Download - Pennsylvania CLE - 1: This program has been approved by the Pennsylvania Continuing Legal Education Board. This program may qualify for up to 1.0 hours of distance learning credit, including 1.0 hours of substantive law, practice and procedure CLE credit and 0.0 hour of ethics, professionalism or substance abuse distance learning CLE credit. No more than 6.0 hours of distance learning CLE credit may be earned during a reporting period.
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).

View full profile
Loading recommendations...

TOP FAQs

How do I access my courses?
Courses are available within your account. Simply login to your account and click on My Courses. If you require additional assistance please call our Customer Service Department at 800-930-6182.
Do you have options for attendees who are deaf or hard of hearing?
Closed captioning is available for all Live Webinars. After you've joined the event room, you can enable closed captioning by clicking the "cc" button in the lower right of the player.
What happens if my course is cancelled?
In the unlikely event that NBI cancels or reschedules an upcoming program, each registered attendee will be contacted via email by a representative of NBI. Outreach to attendees begins as soon as NBI is made aware that a program will not move forward at its originally scheduled date and time.
Are multiple attendee discounts available?
Yes, the more people you bring from your organization, the more you save. After the first registration, each additional attendee receives a special discount off of their total tuition.
When will the OnDemand be available and how long will I have access to the content?
The OnDemand Video will be available to stream within 7 days of live broadcast date. You will have access to the content for 6 months in your account. If you’re a subscriber, you’ll have access to your course recordings until 7 days after the expiration date of the subscription.
What is included with my course purchase?
When you enroll prior to the live event date you will receive access to the live-streaming webinar which will allow you to interact with faculty in real-time. With each course, you will receive access to the content via OnDemand Streaming and the Video Download. Course reference materials are included with each course purchase in a downloadable PDF format.
Will I receive a certificate of completion?
Yes, we'll email you a certificate of completion and store in your account for any future reporting needs.
Can multiple people watch courses and request credit?
While only paid registrants can receive continuing education credit for attending, there are no limitations to the number of viewers at each connection.

Have more questions? Please Contact Us