Скачать или смотреть How One IOLTA Mistake Turned Into a State Bar Inquiry - Confessions of a Bookkeeper

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In this episode of Confessions of a Bookkeeper, hear the story of an attorney who transitioned his law firm from a sole proprietorship to an S corporation and unknowingly turned a structural upgrade into a State Bar inquiry. What started as a simple move of funds between two IOLTA trust accounts quickly unraveled into a compliance issue involving client contracts, entity misalignment, and bounced settlement checks. This episode breaks down how the issue was discovered, how it was fixed through intercompany accounting, and why every law firm’s CPA, bookkeeper, and owner must understand how IOLTA trust funds actually flow before an audit forces them to learn the hard way.

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🎙 About the Podcast
Confessions of a Bookkeeper dives into real-world stories from the front lines of small-business finance. Each episode explores how business owners, law firms, and medical practices get off track — and how smart bookkeeping gets them back in control.

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