A Simplified Chart of Accounts

Designed for functional trust account management, DynamicLTA provides a simplifying, uniform Chart of Accounts layout.

When it comes to file numbers, the rule Re-Use, Reduce, Recycle, does not apply.

All account numbers are five digits in length.  Client accounts fill the range 00000-89999, allowing for 90,000 possible client accounts.  The business accounts are restricted to the range 90000-99999, allowing 9,999 possible business accounts.

Client files would typically appear like this, numbered in sequential order:

ACNO – Client 

A0123 – Lincoln, Abraham

B0124 – Franklin, Benjamin

T0125 – Jefferson, Thomas

C0126 – Capote, Truman (not a precedent)

#89901 Trust Bank Charges and Interest

Nominal Ledger

#90001 Fees Partner 1

#98501 Disbursement Creditor

Search functions make it easy to search for and find the file you seek, while reports have a neat, standardized look.

If a lawyer were to open 1000 new client files every year, DynamicLTA would still be in service after 90 years! 🙂

On the business side, accounts can be typed as Income/Expense, and the traditional Assets, Liabilities, Equity accounts, with a recommended layout, making easy to read reports.

Our design and layout prevents confusion between account numbers which look similar, as the numbers, 00001, 00100, 01000 each indicate a unique reference.

We understand that law firms grow dynamically.  From humble beginnings to being a renowned law firm can be a few short steps.  We aim to provide an excellent product, to make that entry into the market as smooth as possible.

-Dynamic

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