As a trustee or executor, one of your most critical responsibilities is managing trust assets and ensuring accurate financial reporting. Trust accounting is not just about balancing numbers—it's about maintaining transparency, complying with legal obligations, and fostering trust with beneficiaries.

Trust accounting is a critical aspect of managing fiduciary responsibilities, whether you're handling client funds as an attorney, trustee, or financial institution. However, mistakes in trust accounting can lead to serious legal and financial consequences.