Francis Limsico

Work samples

The monthly work, shown the way I build it. Figures are examples, not a real firm.

Examples

Trust

Trust 3 way reconciliation

Bank and books match. A client ledger can still be negative.

3 way checkExample
Bank statement, adjusted48,250.00
Trust account in the books48,250.00
Sum of client ledgers48,250.00
Client A30,000.00
Client B19,450.00
Client C(1,200.00)
Totals tie, but Client C is below zero. Another client's money paid C's costs. I explain and fix it in the same month.

What the firm gets: bank, books, and client ledgers tied every month, with no client ledger left below zero.

Read the 3 way reconciliation guide →
Close

Month end close in 3 to 5 days

The bank rec is done. The month still isn't closed.

Close proofs6 of 6
  • Every bank and card account ties to its statement, to the cent
  • Trust passes the 3 way check
  • No client ledger below zero
  • Every open item written down with an owner
  • Period locked so nothing posts into a closed month
  • Short summary to the firm: what changed, what's still open

What the firm gets: a close that is a set of proofs, not a date on the calendar, with client questions sent as soon as they come up.

Read the trust accounting guide →
Settlement

Settlement disbursement review

Every payment comes from a letter. A single misread field sends a check to the wrong payee.

Settlement statementExample
Gross settlement100,000.00
Attorney fee per agreement(33,333.33)
Case costs(2,150.00)
Provider A, reference from letter(8,400.00)
Provider B, stamped payee(5,600.00)
Net to client50,516.67
  • Payee, address, amount, and reference read from each letter
  • Blank looking field? Page rendered and checked
  • Stamped payee matches the vendor on file
  • Signed off before any check goes out

What the firm gets: every payment traced to its letter, a check memo that names the reference, and a client ledger that never goes below zero.

Read the settlement disbursement guide →
QuickBooks

Bank feed rules

Most items held as unknown were already answered by the account's own history.

Before clearing a feed5 rules
95 of 99held items the posted history had already answered
  • Read the posted history first
  • Match split card charges as a set, difference 0.00
  • Open every multi match row, pick by date and reference
  • Bank and book dates no more than 2 days apart
  • Trust checks match on check number plus amount
AI does the first pass. I review every number before it posts.

What the firm gets: a feed cleared against its own history, with a person signing off before anything posts.

Read the bank feed rules guide →

If your trust account hasn't been reconciled in a while, or your close keeps slipping, message me with what you're seeing.

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