Friday 30 Oct 2026·NSW trust rules
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
$997.70

The debtors account against what is owing on issued bills.

Trust bankAgrees
$384,558.20

The trust bank account against the trust cash book.

Trust money held for clientsAgrees
$384,558.20

The client liability against the total of the client trust ledgers.

Profit and loss, 1 Jul 2026 to 30 Oct 2026

Income
4-1000Professional fees$8,850.00
4-1100Disbursements recovered$1,423.00
Total income$10,273.00
Expenses
Total expenses$0.00
Profit$10,273.00

Trust money never appears here: it belongs to clients.