TRUST ACCOUNTING

Trust Accounting (IOLTA)

Manage client funds with ironclad confidence. MaxLex provides IOLTA-compliant trust accounting, three-way reconciliation, and safeguards to prevent costly errors.

I used to spend days on manual reconciliation, terrified of making a mistake. Now, I close my books in minutes, knowing every cent is perfectly accounted for and audit-proof.

Bank-Level Security
Setup in Minutes

The Solution

Friday 4:00 PM — Closing the Books for the Month

Paralegal Sarah is tasked with the monthly three-way reconciliation for the firm's IOLTA account, a process that used to take half a day.

1
4:00 PM — Initiate Reconciliation

In MaxLex, Sarah navigates to the Trust Accounting module and clicks 'Start Monthly Reconciliation' for the period just ending.

2
4:01 PM — Auto-Import Bank Data

MaxLex securely connects to the firm's bank and imports the official bank statement, automatically matching most transactions.

3
4:03 PM — Flag Discrepancy

Max flags one unmatched item: a $50 bank fee the firm forgot to record. Sarah is prompted to record the expense.

Potential error caught instantly
4
4:05 PM — Generate Reports

With all items matched, Sarah clicks 'Generate.' Max produces the three-way reconciliation report, the trust ledger, and individual client ledger balances.

5
4:06 PM — Ready for Review

The complete, audit-ready reconciliation package is saved and a notification is sent to the managing partner for final review.

Total time for Max: 6 minutes. Without Max: 4+ hours of manual spreadsheet work and potential for costly errors.

What's Included

Everything you need to streamline this part of your practice.

IOLTA & Bar Compliant

Built-in safeguards and reporting features ensure you meet all state bar requirements for handling client trust accounts.

Three-Way Reconciliation

Automate the complex process of reconciling your trust ledger, client ledger, and bank statement to the penny, every time.

Effortless Transaction Logging

Easily record deposits, disbursements, and transfers for each client. Print checks directly from the system.

Pay Invoices from Trust

Seamlessly apply client trust funds to outstanding invoices, with a clear audit trail of every transaction.

How It Works

Get started in minutes, not hours.

1

Link Your Trust Account

Securely connect your IOLTA/trust bank account. MaxLex automatically imports statements and helps categorize transactions.

2

Record Client Transactions

Log deposits for retainers or settlements, and record disbursements for fees or expenses, all tied to specific matters.

3

Run Reconciliation Reports

At the end of each month, MaxLex generates a three-way reconciliation report, highlighting any discrepancies for immediate review.

4

Generate Compliance Documents

Produce client ledgers, trust balances, and other reports required for audits with a single click.

Stop Losing Hours to Admin Work

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