The Compliance Myth: Why "Zero Activity" Doesn't Mean "Zero Work"

As a Canadian legal professional, managing a Trust Account is one of your most sacred responsibilities. It is also one of the most common areas where compliance errors occur—often due to a simple misunderstanding of the rules.

The Myth: "No Transactions, No Reconciliation"

Many practitioners believe that if their trust account saw no activity over the last 30 days, they can skip the reconciliation process for that month. It seems logical: if nothing moved, nothing changed.

The Fact: Consistency is Mandatory

In reality, trust reconciliation is a mandatory monthly requirement, regardless of whether you had one hundred transactions or zero. Regulators require a continuous, unbroken chain of monthly reports to ensure the integrity of the account and to prove that no unauthorized activity has occurred.

The uLaw Advantage: Automated Audit-Readiness

Staying compliant shouldn't feel like an administrative burden. uLaw is designed to handle the heavy lifting for you:

• Automated Preparation: uLaw automatically prepares your monthly trust reconciliation reports, even during quiet periods.
• Discrepancy Flagging: The system proactively identifies and flags any discrepancies, ensuring your books are always accurate.
• Continuous Compliance: By automating the workflow, uLaw ensures you are always audit-ready, 12 months a year.

Stop Guessing. Start Automating.

Don't let a "quiet month" lead to a "loud audit." Ensure your practice meets every regulatory standard without the manual stress of traditional bookkeeping.