IOLTA

Articles

IOLTA insights from Law Firm Velocity, specialists in Law Firm IOLTA Trust Accounting.

IOLTA Account vs Escrow Account: What's Right for Your Firm?

by

Paul W Carlson, CPA

IOLTA Account vs Escrow Account: What's Right for Your Firm?

The management of client funds carries both ethical weight and enforceable legal requirements.

Keeping Firm Funds in IOLTA for Account Maintenance

by

Paul W Carlson, CPA

Keeping Firm Funds in IOLTA for Account Maintenance

This blog post outlines a specific exception that allows law firms to deposit their own funds into an IOLTA trust account

Example IOLTA Trust Account Reconciliation

by

Paul W Carlson, CPA

Example IOLTA Trust Account Reconciliation

In this video post, we offer a valuable resource for law firms by presenting a video overview of a complete IOLTA Trust account reconciliation—an example of which is often hard to find.

IOLTA FAQS – How do we handle client over payments?

by

Paul W Carlson, CPA

IOLTA FAQS – How do we handle client over payments?

This blog post outlines the right and wrong ways to manage such overpayments, detailing why depositing the full amount into an IOLTA account is the most compliant and cleanest option for handling overpayments.

IOLTA FAQS – Are preprinted deposit slips for the IOLTA Account required?

by

Paul W Carlson, CPA

IOLTA FAQS – Are preprinted deposit slips for the IOLTA Account required?

Delve into the intricacies of using preprinted deposit slips for IOLTA Accounts in our enlightening FAQ video blog post.

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