Accounts
The firm's ledger
emu.legal keeps the books from 1 Aug 2026. Bills, payments and trust movements post here by themselves; Xero gets a copy until it's turned off.
DebtorsAgrees
$997.70The debtors account against what is owing on issued bills.
Trust bankAgrees
$384,558.20The trust bank account against the trust cash book.
Trust money held for clientsAgrees
$384,558.20The client liability against the total of the client trust ledgers.
The firm, at 30 Oct 2026
BalancesAssets
1-1000Office bank account$95,169.30
1-1200Debtors$997.70
Total assets$96,167.00
Liabilities
2-1200GST collected$894.00
Total liabilities$894.00
Equity
3-1000Opening balances$85,000.00
Profit to date$10,273.00
Total equity$95,273.00
Client money held in trust
BalancesHeld for clients, not the firm's. Kept on its own side of the books so it can never be mixed with office money (LPUL s146).
1-2000Trust account: general (client money)$384,558.20
In the trust account$384,558.20
2-2000Trust money held for clients$384,558.20
Owed to clients$384,558.20